Posted On: 05/31/2014 9:56:34 PM
Post# of 63761
Papa Murphy's $FRSH
Website
5/22/14
Key highlights for the first quarter of 2014 compared to the first quarter of 2013 include:
Total revenues were $25.1 million compared to $19.6 million. Excluding $1.8 million of revenues in the first quarter of 2014 related to the re-sale of point of sale licenses to franchisees at cost, revenue increased 18.9%.
Domestic comparable store sales increased 3.3%, including an increase of 7.1% for domestic company-owned stores and 3.1% for domestic franchise stores.
Net income was $819,000 compared to $711,000.
Pro forma net income(1) increased 60.0% to $2.0 million, or $0.12 per diluted share from $1.2 million, or $0.07 per diluted share.
Adjusted EBITDA(1) increased 33.7% to $7.5 million from $5.6 million.
21 new Papa Murphy's stores opened system-wide, including 19 domestic franchise openings. news release
recent trades
Stockwatch
Website
5/22/14
Key highlights for the first quarter of 2014 compared to the first quarter of 2013 include:
Total revenues were $25.1 million compared to $19.6 million. Excluding $1.8 million of revenues in the first quarter of 2014 related to the re-sale of point of sale licenses to franchisees at cost, revenue increased 18.9%.
Domestic comparable store sales increased 3.3%, including an increase of 7.1% for domestic company-owned stores and 3.1% for domestic franchise stores.
Net income was $819,000 compared to $711,000.
Pro forma net income(1) increased 60.0% to $2.0 million, or $0.12 per diluted share from $1.2 million, or $0.07 per diluted share.
Adjusted EBITDA(1) increased 33.7% to $7.5 million from $5.6 million.
21 new Papa Murphy's stores opened system-wide, including 19 domestic franchise openings. news release
recent trades
Stockwatch
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