BBQ Holdings, Inc. Reports Sales Update for Fourth Quarter 2020 and First Quarter 2021
Sales highlights for the fourth quarter 2020 ended
- Comparable sales for Famous Dave’s with 59% of dining rooms fully closed at some point during the quarter, decreased 5.5%: Sales increased 2.0% in October, decreased 5.4% in November, and decreased 10.4% in December.
- Comparable sales for Granite City with 50% of dining rooms fully closed at some point during the quarter, decreased 40.7%: Sales decreased 23.8% in October, decreased 38.7% in November, and decreased 52.3% in December.
Sales highlights for the partial first quarter 2021 (
- Comparable sales for Famous Dave’s increased 9.3%. Sales decreased 3.2% in January, decreased 2.9% in February, and increased 43.9% in March.
- Comparable sales for Granite City decreased 10.6%. Sales decreased 29.0% in January, decreased 26.3% in February, and increased 60.8% in March.
Comparable sales represent total
Forward-Looking Statements: Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of the Company’s restaurant openings, the timing of refreshes and the timing or success of refranchising plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the Company’s actual results to differ materially from expected results. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from the Company’s expectation include the impact of the COVID-19 virus pandemic, financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the Company’s
Source: BBQ Holdings, Inc.