Ignite Restaurant Group (IRG) Misses Q4 EPS by 6c
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Ignite Restaurant Group Reports Fourth Quarter 2015 Financial Results
March 3, 2016 4:05 PM ESTHOUSTON--(BUSINESS WIRE)-- Ignite Restaurant Group (NASDAQ: IRG) today reported financial results for the fourth quarter and fiscal year ended December 28, 2015.
Highlights for the fourth quarter of 2015 were as follows:
Total revenues were $93.3 million, compared to $97.9 million in the fourth quarter of 2014; Comparable restaurant sales decreased 2.8% at Brick House Tavern + Tap and decreased 2.9% at Joes Crab Shack; Loss from continuing operations was $19.1 million, or $0.74 per diluted share, compared to $33.5 million, or $1.30 per diluted share in the fourth quarter of 2014; and... More