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Diversified Restaurant Holdings Inc Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 EBITDA Guidance


Wednesday, 14 Aug 2013 05:27pm EDT 

Diversified Restaurant Holdings Inc reaffirmed revenue guidance for fiscal 2013 to be in the range of $110.0 million to $115.0 million. The Company tightened its restaurant-level EBITDA range for fiscal 2013 to be between $21.0 million to $22.0 million from the previous $21.0 million to $23.0 million range. Adjusted EBITDA for fiscal 2013 is now expected to be between $13.5 million to $14.5 million from the previous $15.0 million to $16.0 million, due in part to investments to support the Company's ongoing growth. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $113.4 million and EBITDA of $13.9 million for fiscal 2013. 

Company Quote

4.3
0.02 +0.47%
21 Aug 2014