Bravo Brio Restaurant Group
The 10-second takeaway
For the quarter ended June 24 (Q2), Bravo Brio Restaurant Group missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Gross margin expanded, operating margin was steady, and net margin dropped.
Bravo Brio Restaurant Group booked revenue of $102.8 million. The seven analysts polled by S&P Capital IQ expected a top line of $105.3 million on the same basis. GAAP-reported sales were 8.9% higher than the prior-year quarter's $94.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.25. The seven earnings estimates compiled by S&P Capital IQ forecast $0.25 per share. GAAP EPS of $0.25 for Q2 were 92% lower than the prior-year quarter's $3.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 18.1%, 20 basis points better than the prior-year quarter. Operating margin was 7.2%, about the same as the prior-year quarter. Net margin was 5%, 6,220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $100.1 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $417.1 million. The average EPS estimate is $0.94.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 31 members rating the stock outperform and four members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Bravo Brio Restaurant Group a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bravo Brio Restaurant Group is outperform, with an average price target of $25.50.
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