Bravo Brio Restaurant Group Earnings: Everything You Must Know Now
Bravo Brio Restaurant Group (NASDAQ:BBRG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Bravo Brio Restaurant Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40% to $0.35 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 17.05% to $111.96 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bravo Brio Restaurant Group reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.33. It missed the average revenue estimate of $112.66 million.
Quoting Management: Saed Mohseni, Chief Executive Officer and President, said, “Positive comparable sales in the fourth quarter combined with modest operating leverage enabled us to achieve the high-end of our most recent 2012 EPS guidance range. For 2013, we have inaugurated two key initiatives to broaden our customer base and encourage guest frequency. Our new ‘lighter side’ menus continue to differentiate our concepts and are already demonstrating their appeal among those seeking healthier lifestyle choices. We also are adding members to our recently launched loyalty programs, which over time will provide us with better insights and reward guests for their patronage through a series of ‘surprise and delight’ programs. While the consumer environment remains uncertain, we will continue to work hard to ensure exceptional dining experiences in order to create highly satisfied, lifelong guests.”
Key Stats (on next page)…