Q: Please comment on latest Q reported friday a.m. and outlook. Buy,Hold or Sell. Txs for u usual great services & views
5i Research Answer:
EPS of 71c (adj) missed estimates of 59c; revenue of $71.2M matched estimates. EBITDA of $25.8M was 4% ahead. Revenue fell 6% largely due to the timing of new openings. Same store sales rose 1.4%. Marketing and value offerings are seeing good acceptance. We would consider the results good but not great. We see it as a BUY for higher risk income.