Sidoti Downgrades Famous Dave's of America (DAVE) to Neutral
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Famous Dave's Reports Results For Third Quarter Fiscal 2015
November 4, 2015 8:09 AM ESTMINNEAPOLIS, Nov. 04, 2015 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (NASDAQ: DAVE) today reported financial results for the third quarter ending September 27, 2015.
Highlights for the third quarter of 2015 as compared to the third quarter of 2014:
Revenue decreased from $37.7 million to $31.8 million, primarily reflecting the combined impact of the closure of four company restaurants and the refranchising of another five company restaurants since the end of the third quarter 2014 as well as a comparable sales decrease;Comparable sales for Company-owned restaurants open 24 months or more decreased 9.8%... More