June 21, 2018 12:39 PM ET

Hotels, Restaurants and Leisure

Company Overview of Bojangles', Inc.

Company Overview

Bojangles', Inc. develops, operates, and franchises limited service restaurants in the United States. Its restaurants offer made-from-scratch biscuit breakfast sandwiches, hand-breaded bone-in chicken, fixin’s, and iced tea. As of December 31, 2017, the company operated 764 system-wide restaurants, including 325 company-operated and 439 franchised restaurants primarily located in the Southeastern United States. Bojangles', Inc. was founded in 1977 and is headquartered in Charlotte, North Carolina.

9432 Southern Pine Boulevard

Charlotte, NC 28273

United States

Founded in 1977

9,900 Employees

Phone:

704-527-2675

Key Executives for Bojangles', Inc.

Bojangles', Inc. does not have any Key Executives recorded.

Bojangles', Inc. Key Developments

Bojangles', Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 1, 2018; Reports Impairment for the First Quarter Ended April 1, 2018; Reiterates Earnings Guidance for the Year Ending on December 30, 2018

Bojangles', Inc. reported unaudited consolidated earnings results for the first quarter ended April 1, 2018. For the quarter, total revenues were $137,492,000 against $133,888,000 a year ago. The increase reflects the net additional 34 system-wide restaurants on a year-over-year basis, partially offset by the decline in system-wide comparable restaurant sales previously mentioned. Operating income before other operating expenses was $21,953,000 against $23,426,000 a year ago. Operating income was $8,905,000 against $13,430,000 a year ago. Income before income taxes was $7,142,000 against $11,646,000 a year ago. Net income was $4,694,000 or $0.12 per diluted share against $7,530,000 or $0.19 per diluted share a year ago. Net cash provided by operating activities was $16,095,000 against $14,236,000 a year ago. Purchases of property and equipment were $1,815,000 against $3,015,000 a year ago. Adjusted net income was $6,699,000 or $0.18 per diluted share against $7,553,000 or $0.20 per diluted share a year ago. EBITDA was $13,035,000 against $17,363,000 a year ago. Adjusted EBITDA was $16,351,000 against $18,882,000 a year ago. For the quarter, the company reported impairment of $853,000 against $296,000 a year ago. For the year ending December 30, 2018, the company expected total revenues of $550.0 million to $560.0 million (including approximately $11.0 million of franchise marketing and co-op advertising contribution revenues due to the change in the revenue recognition rules); System-wide comparable restaurant sales of negative low-single digits to flat; Cash capital expenditures of $11.5 million to $12.5 million; adjusted diluted net income per share of $0.64 to $0.72; and adjusted EBITDA of $64.0 million to $68.0 million.

Bojangles', Inc., Annual General Meeting, Jun 07, 2018

Bojangles', Inc., Annual General Meeting, Jun 07, 2018, at 09:00 US Eastern Standard Time. Location: 9432 Southern Pine Boulevard Charlotte North Carolina United States Agenda: To elect the three class III director nominees named in the accompanying proxy statement to serve as class III directors on the company's board of directors until the 2021 annual meeting of stockholders; to ratify the appointment of KPMG LLP as independent registered public accounting firm for fiscal 2018; and to transact such other business as may properly come before the annual meeting or any adjournments or postponements thereof.

Bojangles', Inc. to Report Q1, 2018 Results on May 08, 2018

Bojangles', Inc. announced that they will report Q1, 2018 results at 5:00 PM, Eastern Standard Time on May 08, 2018

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