Famous Dave’s of America Inc. credited restructuring efforts and more efficient marketing for driving positive results in net income, revenue and same-store sales in its June 30-ended second quarter. The Minneapolis-based brand also opened its first restaurant in Puerto Rico during the quarter and is on pace to open a total of two corporate units and nine franchised locations in 2013.
NET INCOME
Result: $2.1 million, or 27 cents per share% Increase: 10.5% (from $1.9 million, or 25 cents per share)
REVENUE
Result: $43.4 million% Increase: 5.1% (from $41.3 million)
SAME-STORE SALES
% Increase: 3.8% at company-owned units% Decline: 1.9% at franchised locations
Source: Company report
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Contact Mark Brandau at [email protected].
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