Domestic Comparable Sales for STK Restaurants Grew 7.5%
otal Revenues Increased 9.6% – Earnings Per Share Up 28.1%
Revenue increased 12.6% to $106.3 million from $94.5 million in the second quarter of 2017.
Total Revenues Increase 20% – Consolidated Net Income Increases to $304,000
Updates Guidance for FY 2018; Provides Long-Term Goals; Declares Quarterly Cash Dividend
Same Store Sales Rise In Both Restaurant Concepts
Fatburger & Buffalos Express – Same-store sales growth in core domestic market of 8.9% – System-wide same-store sales growth of 9.5%
Same-store sales declined 6.4%
'As I communicated to the Board as early as December 2016 and several times in 2017, I am seriously concerned about the Companys declining sales, financial performance and, most importantly, the direction the Company headed under the stewardship of Steve Ritchie and the current board of directors. The financial results announced today further exemplify that concern'
System-wide North America comparable sales decrease of 6.1% – International comparable sales decrease of 0.8%; total international sales increase of 12.2%, driven by unit growth