WhereDaily News: Chanticleer Holdings Announces Third Quarter Preliminary Net Restaurant Revenue of $9 Million
CHARLOTTE, NC--(Marketwired - October 13, 2014) - Chanticleer Holdings, Inc. (NASDAQ: HOTR)
(Chanticleer Holdings, or the "Company"), owner and operater of multiple restaurant brands internationally and domestically, announced today record preliminary net restaurant revenue for Q3 2014 of approximately $9 million, compared to $1.58 million in Q3 2013, an increase of approximately 470%. Quarter-over-quarter growth was approximately a 32% increase from Q2 2014 of $6.82 million. The increase in net revenue is a result of our recent acquisitions, including 60% ownership of two existing Hooters restaurants in Penrith and Parramatta purchased on July 1, 2014, and the acquisition of The Burger Company in Charlotte, NC on September 9, 2014. The Company also opened Australia's fourth Hooters location in Surfers Paradise, Queensland in the middle of July. Our restaurants continue to perform quarter-over-quarter led by the Just Fresh concept, which the Company acquired a majority stake in late 2013, had same store sales growth of approximately 15% and 19% for the three and nine months ended September 30, 2014, respectively, compared to the same period a year ago.
