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Stock impact report

Famous Dave’s of America, Inc. Reports Results for First Quarter of Fiscal 2018

Dave Inc. - Class A (DAVE) 
Last dave inc. - class a earnings: 11/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.famousdaves.com
Company Research Source: GlobeNewswire
MINNEAPOLIS, May 14, 2018 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (NASDAQ:DAVE) today reported financial results for the first fiscal quarter ended April 1, 2018 compared to the first fiscal quarter ended April 2, 2017. Highlights for the first fiscal quarter of 2018 include the following: Net income from continuing operations was $998,000, or $0.13 per share, compared to net loss from continuing operations of $1.4 million, or ($0.21) per share in the prior year.Consolidated adjusted EBITDA, a non-GAAP measure, increased 394% to $1.8 million. See “Non-GAAP Reconciliation” below.Company-owned comparable restaurant sales increased 5.2%, with traffic up 5.3%.Franchise-operated comparable restaurant sales declined 1.6%. Key Operating Metrics   Three Months Ended   April 1, 2018 April 2, 2017 Restaurant count:       Franchise-operated  136  138 Company-owned  16  35 Total  152  173 Comparable restaurant sales %:       Franchise-operated  Show less Read more
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