Ignite Restaurant Group (IRG) Misses Q2 EPS by 9c
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Ignite Restaurant Group Reports Second Quarter 2016 Financial Results
August 3, 2016 4:05 PM EDTHOUSTON--(BUSINESS WIRE)-- Ignite Restaurant Group (NASDAQ: IRG) today reported financial results for the second quarter ended June 27, 2016.
Highlights for the second quarter of 2016 were as follows:
Total revenues were $130.8 million, compared to $143.2 million in the second quarter of 2015; Comparable restaurant sales decreased 6.7% company-wide, comprised of a 6.8% decrease at Joes Crab Shack and a 6.3% decrease at Brick House Tavern + Tap; Loss from continuing operations was $10.4 million, or $0.40 per diluted share, compared to income from continuing operations of $1.7 million, or $0.07 per... More