Ignite's Q3 Joe's Crab Shack comps down 4.4 percent
SEAFOODNEWS.COM [SCOM] - October 30, 2014 -
Ignite Restaurant Group reported Q3 results today.
Comparable restaurant sales increased 7.5% at Brick House Tavern + Tap, decreased 4.4 at Joe's Crab Shack and decreased 8.5% at Macaroni Grill.
Total revenues were $215.2 million, compared to $227.6 million year-ago and Ignite reported a net loss of $6.5 million, which significantly exceeded the year-ago net loss of $1.9 million.
CEO ray Blanchette said, "Joe's Crab Shack's decrease in comparable store sales was largely focused in the northeast, where the markets are settling in after three years of heavy regional growth."
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