WhereDaily News: Chanticleer Holdings Announces First Quarter 2015 Preliminary Net Restaurant Revenue of $8.3 Million, a 58% Increase From Prior Year
CHARLOTTE, NC--(Marketwired - April 27, 2015) - 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 Q1 2015 of approximately $8.3 million, an increase of approximately 58% from $5.3 million in Q1 2014. The growth resulted from acquisitions and new restaurant openings. Store count increased from 21 at March 31, 2014 to 46 at March 31, 2015, with the acquisition of BGR: The Burger Joint ("BGR") adding 20 new locations near the end of the current quarter. BGR owned and operated stores had a strong quarter with $2 million in revenue; system wide BGR revenue, including franchises, was $4 million. A minimal amount of BGR's revenue are included in the Company's March quarter; the June quarter will include BGR in its entirety.