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Labor costs dent profit at Habit Restaurants

Published 05/04/2017, 07:48 AM
© Reuters.  Labor costs dent profit at Habit Restaurants
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  • Habit Restaurants (NASDAQ:HABT) reports comparable sales at company-owned restaurants increased 0.9% in Q1 vs. +0.4% consensus.
  • Prices were up 1.5% at company-owned restaurants during the quarter, while transactions fell by 0.6%.
  • Labor costs 33.2% of sales vs. 32.1% a year ago.
  • Food and paper costs 29.2% of sales vs. 30.1% a year ago.
  • Occupany and other operating costs 16.7% of sales vs. 15.7% a year ago.
  • Net income 3.5% of sales vs. 5.1% a year ago.
  • Looking ahead, Habit expects full-year revenue of $338-$342M vs. $340.1 consensus.
  • Previously: The Habit Restaurants beats by $0.01, revenue in-line (May 3)
  • HABT +0.53% premarket to $19.00.
  • Now read: RCI Hospitality Holdings (RICK) Presents At Planet MicroCap Investor Conference - Slideshow


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