Diversified Restaurant Holdings, Inc. Reports Earnings Results for the Third Quarter Ended September 29, 2019
November 13, 2019 at 04:52 pm EST
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Diversified Restaurant Holdings, Inc. announced earnings results for the third quarter ended September 29, 2019. For the third quarter, the company announced sales was USD 38.229 million compared to USD 37.491 million a year ago. Operating loss was USD 841,605 compared to USD 714,477 a year ago. Net loss was USD 2.060 million compared to USD 1.793 million a year ago. Basic loss per share was USD 0.06 compared to USD 0.06 a year ago. For the nine months, sales was USD 117.717 million compared to USD 114.063 million a year ago. Operating income was USD 1.735 million compared to USD 1.020 million a year ago. Net loss was USD 2.474 million compared to USD 2.805 million a year ago. Basic loss per share was USD 0.08 compared to USD 0.1 a year ago.
Patton Wings, Inc is a United States-based restaurant company, which is operating a single concept, Buffalo Wild Wings (BWW). The Company owns restaurants in Florida, Illinois, Indiana, Michigan and Missouri. The BWW restaurants feature a range of menu items with a multimedia social environment, a bar and an open layout designed to create a dining experience for sports fans and families. It's guests have the option of watching various sporting events on projection screens or televisions. The restaurants offered 20 to 40 domestic and imported beers on tap, including several local or regional microbrews and a selection of bottled beer, wine and liquor.