Famous Dave's 1Q earnings tumble

Famous Dave's 1Q earnings tumble

Initiatives showing traction in corporate units seen as key to turnaround in 2013

“Disappointing” first-quarter results for Famous Dave’s of America Inc. included a same-store sales difference of more than 4 percent between company-owned restaurants and franchised locations based on the latter’s delayed implementation of turnaround initiatives.

For the March 31-ended quarter, Famous Dave’s net income fell significantly to $62,000, or 1 cent per share, compared with $817,000, or 11 cents per share a year earlier.

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