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Famous Dave's 3Q profit drops 12.8%

Famous Dave's 3Q profit drops 12.8%

Revenue, same-store sales also decline during quarter

Famous Dave’s of America Inc. reported on Wednesday a 12.8-percent decrease in profit for the Sept. 29-ended third quarter. The Minneapolis-based barbecue brand said it saw operational improvements in the quarter, but those were offset by a $1.2 million charge for asset impairment at a Salisbury, Md., unit and a lease restructuring at a Virginia restaurant. Famous Dave’s has 181 restaurants, with 138 of those units franchised.


Result: $737,000, or 10 cents per share
% Decrease: 12.8% (from $845,000, or 11 cents per share)


Result: $39.2 million
% Decrease: 1.8% (from $39.9 million)


% Decrease at company-owned units: 0.8%

% Decrease at franchised units: 2.3%

Source: Company report

Famous Dave's: Restructuring helped drive 2Q profit
Famous Dave's 1Q earnings tumble
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Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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