Bravo Brio Restaurant Group
The 10-second takeaway
For the quarter ended Sep. 23 (Q3), Bravo Brio Restaurant Group missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Bravo Brio Restaurant Group booked revenue of $95.9 million. The seven analysts polled by S&P Capital IQ wanted to see revenue of $99.2 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $88.8 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 $0.14. The eight earnings estimates compiled by S&P Capital IQ predicted $0.16 per share. GAAP EPS of $0.14 for Q3 were 22% lower than the prior-year quarter's $0.18 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 16.7%, 10 basis points worse than the prior-year quarter. Operating margin was 4.4%, 20 basis points worse than the prior-year quarter. Net margin was 2.9%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $114.1 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $414.4 million. The average EPS estimate is $0.92.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 31 members out of 35 rating the stock outperform, and four members rating it underperform. Among 13 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Bravo Brio Restaurant Group a green thumbs-up, and three give 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 $22.52.
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