Revenue, same-store sales also decline during quarter
Famous Dave’s of America Inc. reported on Wednesday a 12.8-percent decrease in profit for the Sept. 29-ended third quarter. The Minneapolis-based barbecue brand said it saw operational improvements in the quarter, but those were offset by a $1.2 million charge for asset impairment at a Salisbury, Md., unit and a lease restructuring at a Virginia restaurant. Famous Dave’s has 181 restaurants, with 138 of those units franchised.
Result: $737,000, or 10 cents per share % Decrease: 12.8% (from $845,000, or 11 cents per share)
Result: $39.2 million % Decrease: 1.8% (from $39.9 million)