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Famous Dave’s reveals credit compliance issue

3Q same-store sales fall 9.8 percent at company restaurants

Famous Dave’s of America said Wednesday that it has fallen out of compliance with requirements in its lending agreement with Wells Fargo amid falling sales and changes in both management and company strategy.

The company revealed the credit issue during a third-quarter earnings report in which the Minneapolis-based chain said that sales, profits and restaurant cash-flow margins all fell.

The company’s stock, already off by 60 percent from its high in February, fell by

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