Diversified Restaurant 2014 Revenue Rises, Sees Adj. EBITDA At High End Of Range

(RTTNews) - Diversified Restaurant Holdings, Inc. (BAGR) reported preliminary revenue and adjusted EBITDA for fiscal year 2014, which ended on December 28, 2014.

For the fiscal year 2014, the company's preliminary revenue grew 17.9 percent to $128.4 million from $108.9 million last year. On average, analysts polled by Thomson Reuters expected the company to report revenues of $128.45 million for the year. Analysts' estimates typically exclude special items.

Consolidated comparable-store sales for the year increased 3.5 percent, compared to an increase of 3.7 percent in the previous year and represents four consecutive years of comparable-store sales growth.

The company forecast preliminary adjusted EBITDA for fiscal 2014 to be at the high end of its previously guided range of $14.0 million to $15.0 million. If achieved, this would represent growth of about 7.7 percent to 15.4 percent from $13.0 million in fiscal year 2013.

Diversified Restaurant Holdings said that its president and CEO Michael Ansley and CFO David Burke will be presenting on behalf of the company at the 17th Annual ICR XChange Conference in Orlando, Florida. The presentation will be held Tuesday, January 13, 2015, at 1:00 PM Eastern Time and will be webcast from DRH's new corporate website.