September 23, 2017 4:28 AM ET

Hotels, Restaurants and Leisure

Company Overview of Diversified Restaurant Holdings, Inc.

Company Overview

Diversified Restaurant Holdings, Inc. operates as a restaurant company in the United States. It operates Buffalo Wild Wings Grill & Bar franchised restaurants, which primarily offer fresh bone-in chicken wings. As of June 9, 2017, it operated 64 Buffalo Wild Wings Grill & Bar franchised restaurants in Florida, Illinois, Indiana, Michigan, and Missouri. The company was founded in 1999 and is headquartered in Southfield, Michigan.

27680 Franklin Road

Southfield, MI 48034

United States

Founded in 1999

Key Executives for Diversified Restaurant Holdings, Inc.

President, CEO & Director
Age: 46
Total Annual Compensation: $486.5K
Executive Chairman of the Board
Age: 46
Total Annual Compensation: $435.3K
CFO & Treasurer
Age: 54
Total Annual Compensation: $79.1K
COO & Secretary
Age: 36
Total Annual Compensation: $297.3K
Compensation as of Fiscal Year 2016.

Diversified Restaurant Holdings, Inc. Key Developments

Diversified Restaurant Holdings, Inc. Presents at Dougherty and Company Institutional Investor Conference, Sep-19-2017 08:15 AM

Diversified Restaurant Holdings, Inc. Presents at Dougherty and Company Institutional Investor Conference, Sep-19-2017 08:15 AM. Venue: Millennium Hotel, 1313 Nicollet Mall, Minneapolis, Minnesota, United States.

Diversified Restaurant Holdings, Inc. Presents at Midwest Ideas Investor Conference, Aug-30-2017 09:20 AM

Diversified Restaurant Holdings, Inc. Presents at Midwest Ideas Investor Conference, Aug-30-2017 09:20 AM. Venue: Hard Rock Hotel, 230 N. Michigan Ave., Chicago, Illinois, United States. Speakers: David Gregory Burke, President, CEO & Director, Phyllis A. Knight, CFO & Treasurer.

Diversified Restaurant Holdings, Inc. Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Revised Earnings Guidance for the Full Year of 2017

Diversified Restaurant Holdings, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of $39,934,602 compared to $40,951,181 a year ago. Operating profit was $721,263 compared to $1,387,085 a year ago. Loss from continuing operations before income taxes was $895,903 compared to $17,202 a year ago. Loss from continuing operations was $291,343 or $0.01 per diluted share compared to income of $234,344 or $0.01 per diluted share a year ago. Net Loss was $409,090 or $0.02 per diluted share compared to $182,426 or $0.01 per diluted share a year ago. Adjusted EBITDA was $4,622,749 compared to $5,955,465 a year ago. For the six months, the company reported revenue of $84,272,566 compared to $84,094,433 a year ago. Operating profit was $3,087,894 compared to $4,503,066 a year ago. Loss from continuing operations before income taxes was $78,059 compared to income of $1,693,581 a year ago. Income from continuing operations was $504,237 or $0.02 per diluted share compared to $1,526,773 or $0.06 per diluted share a year ago. Net Income was $422,030 or $0.02 per diluted share compared to $247,978 or $0.01 per diluted share a year ago. Adjusted EBITDA was $10,780,460 compared to $13,139,354 a year ago. Net cash provided by operating activities of continuing operations was $6,526,896 compared to $8,084,203 a year ago. Net cash provided by operating activities was $6,444,689 compared to $5,423,554 a year ago. Purchases of property and equipment was $3,571,296 compared to $9,422,814 a year ago. The company revised earnings guidance for the full year of 2017. Given the continued negative impacts to sales, combined with record high traditional wing costs, the company now expects to report revenue of $170 million to $173 million, restaurant-level EBITDA of $31 million to $33 million, adjusted EBITDA between $22.5 million to $24.5 million and capital expenditures of approximately $5 million to $6 million.

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