Comparable sales trends accelerated throughout the second quarter, with both traffic and average ticket up
Diversified Restaurant Holdings, Inc. (Nasdaq:SAUC), one of the largest franchisees for Buffalo Wild Wings with 64 stores across five states, plans to announce today at the 19th Annual Oppenheimer Consumer Growth and E-Commerce Conference in Boston preliminary unaudited sales results for the second quarter through June 16, 2019, of 7.2%.
“With the majority of our second quarter in the books, we are on pace to achieve our third consecutive quarter of same-store sales growth and, importantly, saw accelerated gains in both traffic and average check. We are especially pleased with our strong traffic levels given reduced promotional activity and recent menu price increases to combat inflationary pressures,” commented David G. Burke, President and CEO. “While the Easter shift negatively impacted comparable sales in April, the latest BWW brand enhancing initiatives, a favorable sports calendar and our focus on guest experience, loyalty attachment and development of the delivery channel helped drive an accelerated rate of growth well into this year’s second quarter.”
DRH will webcast a presentation at 3:20 p.m. Eastern Time today. A link to the webcast, along with presentation materials, will be available on the Company’s website at www.diversifiedrestaurantholdings.com. An archive of the presentation can be accessed in the Investors section of the website following the conference, along with a transcript once available.
Preliminary results remain subject to the completion of normal quarter-end accounting procedures and are subject to change. The Company expects to release financial and operating results for its 2019 second quarter in early August.