Officials for Columbus, Ohio-based Bravo Brio Restaurant Group Inc. said harsh winter weather caused mid-single-digit decreases in same-store sales for its two casual-dining Italian chains in the first quarter. That led to a 14.7-percent decrease in net income, to $2.9 million, in the quarter ended March 30.

However, the company expressed confidence that it could build sales momentum in the spring and summer months with new initiatives like a bar program with tiered price points, a new weekend brunch program and the expansion of the brands’ lighter-fare menus.

The company operates 46 Bravo! Cucina Italiana units and 60 Brio Tuscan Grille outlets in 33 states.
 

1Q NET INCOME

Result: $2.9 million, or 14 cents per share
% Decrease: 14.7% (from $3.4 million, or 17 cents per share)

1Q REVENUE

Result: $102.6 million
% Decrease: 0.4% (from $103.1 million)

1Q SAME-STORE SALES

% Decrease at Bravo! Cucina Italiana: 5.5%


% Decrease at Brio Tuscan Grille: 4.4%


Source: Company report



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Contact Mark Brandau at mark.brandau@penton.com.
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