First-quarter earnings season was in full swing this week, with reports coming from such big players as DineEquity Inc., Domino’s Pizza Inc. and Texas Roadhouse Inc.
Visit NRN.com’s Finance section to catch up on the latest results from those companies and more, as well as insights executives shared in follow-up conference calls.
Here are more earnings reports from the week:
Einstein Noah Restaurant Group Inc.: Net income nearly doubled to $1.2 million, or 7 cents per share, for the March 30-ended first quarter, compared with $570,000, or 3 cents per share, in the same quarter a year earlier.
First-quarter revenue rose to $101.2 million. Systemwide same-store sales fell 0.8 percent, which the company said was partly weather-related.
Lakewood, Colo.-based Einstein Noah operates, franchises or licenses 733 fast-casual restaurants under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel brands.
Morton’s Restaurant Group Inc.: Net income for the April 3-ended first quarter totaled $2.2 million, or 12 cents per share, compared with year-ago earnings of $1.2 million, or 8 cents per share.
The Chicago-based steakhouse operator said revenue in the first quarter rose 9.6 percent to $82.5 million. Same-store sales were up 7.5 percent in the quarter, which marked the fifth consecutive period of positive results, said Christopher J. Artinian, Morton’s president and chief executive.
Morton’s operates 77 Morton’s steakhouses in 23 states, Puerto Rico and six international sites.
CEC Entertainment Inc.: For the first quarter ended April 3, net income increased slightly to $34.1 million, or $1.71 per share, from year-ago profit of $33.9 million, or $1.53 per share.
The Irving, Texas-based parent company of 555 Chuck E. Cheese’s restaurants said revenue for the quarter increased 4.1 percent to $256.4 million. Same-store sales increased 1.1 percent.
Dave & Buster’s Inc.: In a brief update on its recently ended first quarter, the Dallas-based company said same-store sales were up 6 percent. Dave & Buster’s operates 58 dining-entertainment units.
Contact Alan Snel at [email protected].
