Bravo Brio Restaurant Group (NASDAQ:BBRG) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Bravo Brio Restaurant Group Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 5.56% to $0.17 in the quarter versus EPS of $0.18 in the year-earlier quarter.
Revenue: Rose 4.8% to $103.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bravo Brio Restaurant Group reported adjusted EPS income of $0.17 per share. By that measure, the company met the mean analyst estimate of $0.17. It beat the average revenue estimate of $101.55 million.
Quoting Management: Saed Mohseni, Chief Executive Officer and President, said, “We were pleased to have exceeded our previously guided ranges for first quarter revenues and comparable restaurant sales. As we discussed on our most recent conference call, our comparable sales were negatively impacted by approximately 2.0% due to a calendar shift which compared the first operating week of 2013 to a much stronger Holiday week from the prior fiscal year. Our restaurant margins were also reduced by approximately 70 basis points principally due to sales deleveraging as a result of the calendar shift.”
Key Stats (on next page)…
Revenue decreased 7.91% from $111.96 million in the previous quarter. EPS decreased 51.43% from $0.35 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.27 to a profit $0.26. For the current year, the average estimate has moved down from a profit of $0.98 to a profit of $0.91 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)