Diversified Restaurant Holdings, Inc. Reports Sales Results for Fourth Quarter and Year Ended December 27, 2015; Provides EBITDA Guidance for the Full Year of 2015; Provides Earnings Guidance for the Full Year of 2016
January 27, 2016 at 09:09 pm
Share
Diversified restaurant holdings, Inc. reported sales results for fourth quarter and year ended December 27, 2015. For the quarter, the company's preliminary revenue grew 39.8% to $49.1 million from $35.1 million in the same period last year. Comparable-store sales increased 0.2% compared to an increase of 5.8% in the previous year representing the 20th consecutive quarter of growth.
For the year, the company's preliminary revenue grew 34.3% to $172.5 million from $128.4 million in the fiscal year 2014. The company had previously guided to revenue between $171.0 million and $174.0 million.
The company provided EBITDA guidance for the full year of 2015. For the year, the company's adjusted EBITDA is expected between $16.5 million and $18.0 million as previously guided.
The company provided earnings guidance for the full year of 2016. For the period the company expects revenue to be in the range of $194.0 million to $200.0 million a 6 year CAGR of 27.5% to 28.1%. Capital expenditures ranging from $14.0 million to $16.0 million, representing costs savings of about $15.0 million from fiscal year 2015. Adjusted EBITDA is in the range of $24.0 million to $26.0 million; a six year CAGR of 33.2% to 35.0%. Restaurant-level EBITDA is in the range of $36.0 million to $38.0 million.
Patton Wings, Inc is a United States-based restaurant company, which is operating a single concept, Buffalo Wild Wings (BWW). The Company owns restaurants in Florida, Illinois, Indiana, Michigan and Missouri. The BWW restaurants feature a range of menu items with a multimedia social environment, a bar and an open layout designed to create a dining experience for sports fans and families. It's guests have the option of watching various sporting events on projection screens or televisions. The restaurants offered 20 to 40 domestic and imported beers on tap, including several local or regional microbrews and a selection of bottled beer, wine and liquor.
Diversified Restaurant Holdings, Inc. Reports Sales Results for Fourth Quarter and Year Ended December 27, 2015; Provides EBITDA Guidance for the Full Year of 2015; Provides Earnings Guidance for the Full Year of 2016