Chanticleer Holdings Announces Second Quarter 2015 Preliminary Net Restaurant Revenue of $10.4 Million, a 61.4% Increase from Prior Year
CHARLOTTE, NC -- (Marketwired) -- 07/30/15 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer," or the "Company"), owner and operator of multiple fast casual restaurant brands, announces record preliminary net restaurant revenue for Q2 2015 of approximately $10.4 million, an increase of approximately 61.4% from $6.4 million in Q2 2014. Systemwide store count increased from 21 at June 30, 2014 to 47 at June 30, 2015. The growth in revenue and systemwide store count resulted from the combination of new store openings and acquisitions. In addition, the Company completed the acquisition of BT's Burger Joint and opened a new franchise location during July, bringing systemwide store count to 52 as of July 30, 2015.
"We continue to grow our brands worldwide through new store openings, franchising and acquisitions. We are diligently focused on the execution of our business plan and growth strategy as we look to additional acquisition targets, new store openings and franchising opportunities in the coming months," commented Mike Pruitt, Chairman and Chief Executive Officer. "The acquisition BT's Burger Joint in July further strengthens our market position and adds accretive revenue growth in Q3 and forward."
The Company's Quarterly Report on Form 10-Q will include further details about the Company's second quarter financial performance.
About Chanticleer Holdings, Inc
Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR the Burger Joint, BT's Burger Joint, and owns a majority interest in Just Fresh restaurants in the U.S.
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Forward-Looking Statements:
Any statements that are not historical facts contained in this release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.
Press Information:
Chanticleer Holdings, Inc.
Investor Relations
Phone: 704.366.5122
ir@chanticleerholdings.com
Investor Relations
John Nesbett/Jennifer Belodeau
Institutional Marketing Services (IMS)
Phone 203.972.9200
jnesbett@institutionalms.com
Source: Chanticleer Holdings, Inc.
Released July 30, 2015