Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $15.36 USD
Change Today +0.75 / 5.13%
Volume 36.0K
DAVE On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

famous dave's of america (DAVE) Key Developments

Famous Dave's of America, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015

Famous Dave's of America Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, revenue decreased from $41.9 million to $37.4 million, primarily reflecting the combined impact of the closure of three Company-owned restaurants since the end of the second quarter 2014 and a comparable sales decrease of 9.2%. Comparable sales for Company-owned restaurants open 24 months or more decreased 9.2% compared to a decrease of 5.2% for the same period in 2014. Net income was $654,000 compared to $2.9 million for the second quarter of 2014. Diluted net income per share was $0.09 compared to $0.39 for the second quarter of 2014. Diluted adjusted net income per share was $0.18 compared to $0.40 for the second quarter of 2014. Adjusted EBITDA for the second quarter of 2015 was $3.4 million compared to $6.0 million for the same period in 2014. Income from operations was $1.162 million against $4.481 million a year ago. Income before income taxes was $0.937 million against $4.242 million a year ago. Adjusted net income was $1.271 million against $2.897 million a year ago. EBITDA was $2.518 million against $5.968 million a year ago. The company used approximately $2.8 million of cash for CapEx, capital expenditures, primarily reflecting the purchase of the Eden Prairie location, investments in existing restaurant portfolio and in corporate infrastructure systems. For the six months, revenue decreased from $77.6 million to $70.0 million. Comparable sales for Company-owned restaurants open 24 months or more decreased 7.3% compared to a decrease of 5.0% for the same period in 2014. Net income decreased from $3.4 million to approximately $851,000. Diluted net income per common share was $0.12 compared to $0.46, for 2014. Diluted adjusted net income per share was $0.21, primarily reflecting a $0.10 charge related to asset impairment, estimated lease termination costs and other closing cost. This compared to $0.53 for the first six months of 2014. Adjusted EBITDA was approximately $5.4 million, compared to approximately $9.3 million for the first six months of 2014. Income from operations was $1.673 million against $5.522 million a year ago. Income before income taxes was $1.243 million against $5.020 million a year ago. Cash flows provided by operating activities were $3.106 million against $7.050 million a year ago. Adjusted net income was $1.506 million against $3.855 million a year ago. EBITDA was $4.420 million against $8.555 million a year ago.

Famous Dave's of America, Inc. Announces the Appointment of Abe Ruiz as Chief Operating Officer

Famous Dave's of America Inc. announced the appointment of Abelardo Ruiz as the Company's Chief Operating Officer. Abe was previously employed as Chief Operating Officer of Colon Gerena Restaurant Group, Famous Dave's franchise partner in Puerto Rico. Colon Gerena owns and operates a total of 106 locations across 6 different franchised restaurant brands.

Famous Dave's of America, Inc. Adds Bryan L. Wolff to Board of Directors and to Audit Committee

Famous Dave's of America Inc. announced the appointment of Bryan L. Wolff to the company's board of directors. Mr. Wolff has also been appointed to serve as chair of the company's audit committee. Mr. Wolff is Chief Financial Officer of DogVacay Inc. Mr. Wolff previously served as Chief Financial Officer of Bonobos Inc., and as an Analyst at Luxor Capital, LP.

Famous Dave's of America Inc. to Report Q2, 2015 Results on Aug 05, 2015

Famous Dave's of America Inc. announced that they will report Q2, 2015 results at 7:00 AM, Central Standard Time on Aug 05, 2015

Famous Dave's of America Inc., Q2 2015 Earnings Call, Aug 05, 2015

Famous Dave's of America Inc., Q2 2015 Earnings Call, Aug 05, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DAVE:US $15.36 USD +0.75

DAVE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bravo Brio Restaurant Group Inc $12.72 USD +0.29
Chuy's Holdings Inc $31.57 USD +0.70
Cosi Inc $1.17 USD -0.03
Kona Grill Inc $19.16 USD -0.19
View Industry Companies
 

Industry Analysis

DAVE

Industry Average

Valuation DAVE Industry Range
Price/Earnings 100.0x
Price/Sales 0.7x
Price/Book 3.7x
Price/Cash Flow 16.5x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FAMOUS DAVE'S OF AMERICA, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.