The Habit Restaurants Inc. (NASDAQ:HABT) just released their second quarter fiscal 2016 earnings results, posting diluted EPS of $0.07 and revenue of $71.1 million.
Currently, HABT has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 4 key statistics from this just announced report below.
Habit Restaurants:
Barely edged over revenue estimates. The company saw revenue figures of $71.1 million, topping our estimate of $71 million.
Company-operated comparable restaurant sales increased 4% in the second quarter.
Habit expects 2016 revenues to fall in a range between $284 and $286 million.
HABT was down $0.75, or 4.68%, to $15.26 as of 4:12 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at The Habit Restaurants’ quarterly revenues over the last one and a half years.
The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant company. It is engaged in preparing char-grilled burgers, sandwiches and salads. The Company offers tri-tip steak, grilled chicken and sushi-grade albacore tuna cooked over an open flame; prepared salads and a selection of sides, shakes and malts. It has operations in California, including Bay area, Central California, Greater La, Inland Empire, Orange County, Sacramento, San Diego; Arizona; Utah and New Jersey. The Habit Restaurants, Inc. is based in Irvine, California.
Check back later for our full analysis on Habit Restaurants’ second quarter earnings report!
HABIT RESTRNTS (HABT): Free Stock Analysis Report
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