Ignite Restaurant Group Inc. reported on Tuesday a $1.9 million loss in the Sept. 30-ended third quarter. Revenue for the Houston-based casual-dining operator rose 76.3 percent, reflecting the April 9 acquisition of the Macaroni Grill chain, which contributed $87.4 million in quarterly revenue. Same-store sales dipped at Macaroni Grill while they rose at Joe’s Crab Shack and Brick House Tavern + Tap.

Ray Blanchette, Ignite’s chief executive, said in a statement, “We continue to work diligently toward improving sales and margins at Macaroni Grill. While there is much left to do to reach our expectations, we continue to make tangible progress.”


  Result: -$1.9 million, or 8 cents per share
  (from $8.9 million, or 35 cents per share)


Result: $227.6 million
% Increase: 76.3% (from $129.1 million)


% Increase at Joe's Crab Shack: 3.3%

% Increase at Brick House Tavern + Tap: 4%

% Decrease at Macaroni Grill: 2.7%

Source: Company report


    •    Macaroni Grill turnaround proves challenging for Ignite
    •    Ignite: Macaroni Grill expenses drag down 2Q results
    •    Same-store sales at NRN.com

Contact Ron Ruggless at ronald.ruggless@penton.com.
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