Famous Dave's 1Q net drops 32%

Famous Dave's 1Q net drops 32%

A pick-up in catering sales and strength in some franchise markets could not completely offset weakness in traffic for barbecue specialist Famous Dave’s of America Inc. in the first quarter, as net income fell 32 percent compared with a year earlier.

For the April 1-ended first quarter, Famous Dave’s earned $817,000, or 11 cents per share, compared with $1.2 million, or 14 cents per share, in the first quarter of 2011.

Revenue rose 1 percent to $37.5 milli

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