Famous Dave's plans turnaround after earnings miss mark

Famous Dave's plans turnaround after earnings miss mark

Company intends to realign the business model and refresh the menu this year

Famous Dave’s of America Inc. is planning to overhaul several areas of the company after fourth-quarter and full-year earnings results missed targets.

Company officials conceded during a conference call with analysts that quarterly and annual financial results “fell well short of expectations.” At the same time, the casual-dining operator detailed turnaround plans for 2013 that included a realigned business model and a new menu set to debut this spring.

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