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Ignite Restaurant Group Inc Issues Q4 2012 Revenue Guidance Below Analysts' Estimates; Comments On Q4 2012 Comparable Restaurant Sales Guidance


Monday, 14 Jan 2013 04:01am EST 

Ignite Restaurant Group Inc announced that for the fourth quarter of 2012, the Company estimated total revenues to be $112.5 million, an increase of approximately 11% compared to revenues of $101.4 million in the fourth quarter of 2011. Fourth quarter 2012 revenues were negatively impacted by approximately $1.0 million, or 0.9%, as a result of lost operating days due to Hurricane Sandy. Comparable restaurant sales increased 0.8% during the fourth quarter, excluding a 0.1% impact from Hurricane Sandy. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $115 million for the fourth quarter of 2012. 

Company Quote

13.02
0.13 +1.01%
30 Jul 2014