Diversified Restaurant Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 26, 2017. For the quarter, the company announced revenue was $44,337,964 compared to $43,143,252 for the same period a year ago. Operating profit was $2,366,631 compared to $3,115,981 for the same period a year ago. Income from continuing operations before income taxes was $817,844 compared to $1,710,783 for the same period a year ago. Income from continuing operations was $795,580 compared to $1,292,429 for the same period a year ago. Net income was $831,120 compared to $430,404 for the same period a year ago. Diluted net earnings per share were $0.03 compared to $0.02 for the same period a year ago. Net cash provided by operating activities was $4,441,375 compared to $3,111,726 for the same period a year ago. Purchases of property and equipment were $1,430,201 compared to $6,405,269 for the same period a year ago. EBITDA was $6,021,944 compared to $6,925,307 for the same period a year ago. Adjusted EBITDA was $6,157,711 compared to $7,183,888 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2017. The company expects: revenue of $173 million to $178 million; restaurant-level EBITDA of $33 million to $36 million; adjusted EBITDA between $23.5 million to $26.5 million; and capital expenditures of approximately $4 million to $6 million.