Famous Dave’s 2Q net drops 5.3%

Famous Dave’s of America Inc. reported lower second quarter net income Wednesday as costs grew faster than revenue. The latter benefitted from price increases and additional restaurants, but suffered from negative sytemwide same-store sales.

The Minnetonka, Minn.-based parent of the Famous Dave’s casual-dining chain said that for the quarter ended July 3, net income dropped 5.3 percent to $2.4 million, versus $2.5 million a year earlier.

Revenue rose 1.33

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