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 mark.brandau@penton.com.
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