Diversified Restaurant Holdings, Inc. Provides Preliminary Earnings Guidance for the Second Quarter and Six Months Ended July 1, 2018
July 20, 2018 at 03:00 am IST
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Diversified Restaurant Holdings, Inc. provided preliminary earnings guidance for the second quarter and six months ended July 1, 2018. For the quarter, the company expects negative same-store sales of 6.4%, net sales of $37,039,073, net loss of $1,294,875, EBITDA of $3,402,423, adjusted EBITDA of $3,673,116 and restaurant–level EBITDA of $5,540,196.
For the six months, the company expects negative same-store sales of 7.5%, net sales of $76,572,030, net loss of $1,103,044, EBITDA of $8,078,584, adjusted EBITDA of $8,776,802 and restaurant–level EBITDA of $12,438,325.
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. 
