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Ignite: Macaroni Grill expenses drag down 2Q results

Ignite: Macaroni Grill expenses drag down 2Q results

Company reports a loss of $2.5 million during the quarter

Ignite Restaurant Group Inc. reported on Wednesday a loss of $2.5 million, or 10 cents per share, for the July 1-ended second quarter. The Houston-based parent to the Joe’s Crab Shack and Brick House Tavern + Tap chains said results were “significantly impacted” by spending on staffing and media at the 210-unit Romano's Macaroni Grill, which it acquired April 9.


Result: -$2.5 million, or 10 cents per share
  (from $5.5 million, or 25 cents per share)


Result: $228.1 million
% Increase: 90.3% (from $119.9 million)


% Increase at Joe's Crab Shack: 0.7%
% Increase at Brick House Tavern + Tap: 6.4%
% Decrease at Macaroni Grill: 7.4% (from April 9 acquisition through July 1)

Source: Company report


    •    Ignite: 2Q results to fall short of expectations
    •    Ignite readies Brick House Tavern + Tap for franchising
    •    Same-store sales at

Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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