Chanticleer Holdings Announces Record First Quarter Preliminary Net Restaurant Revenue of $5.5 Million
April 17 2014 - 11:08AM
Marketwired
Chanticleer Holdings Announces Record First Quarter Preliminary Net
Restaurant Revenue of $5.5 Million
CHARLOTTE, NC--(Marketwired
- April 17, 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 Q1
2014 of approximately $5.5 million, compared to $1.6 million in Q1
2013, an increase of approximately 244%. Quarter-over-quarter
growth was approximately a 67% increase from Q4 2013 of $3.3
million. This increase in net revenue is primarily a result of our
recent restaurant acquisitions.
The Company completed its acquisition of Spoon Bar & Kitchen
in Dallas, TX and its U.S. Hooters locations in Oregon and
Washington on January 31, 2014. As of March 31, 2014, the Company
had 21 restaurant locations including ten Hooters worldwide,
five Just Fresh, five American Roadside Burgers and the Spoon Bar
& Kitchen in the U.S.
Mike Pruitt, Chairman and Chief Executive Officer, commented,
"Our record restaurant revenue is due to the increase in the
aggregate number of restaurants we own and operate in whole or in
part. We are excited to share this preliminary data with our
shareholders as we continue to strategically grow the Company
organically and through acquisition opportunities."
The Company intends to file its Quarterly Report on Form 10-Q by
the required filing date, and such report will include further
details about the Company's first quarter financial
performance.
About Chanticleer
Holdings, Inc. Headquartered in Charlotte, NC, Chanticleer
Holdings (HOTR), together with its subsidiaries, owns and operates
restaurant brands in the United States and internationally. The
Company is a franchisee owner of Hooters® restaurants in
international markets including United Kingdom, South Africa,
Eastern Europe, and Brazil, has joint ventured with the current
Hooters franchisee in Australia, and recently acquired two U.S.
Hooters restaurants, one in Oregon and one in Washington. The
Company also owns and operates American Roadside Burgers, Spoon Bar
& Kitchen and owns a majority interest in Just Fresh
restaurants in the U.S.
For further information, please visit
www.chanticleerholdings.com Facebook:
www.Facebook.com/ChanticleerHOTR Twitter:
http://Twitter.com/ChanticleerHOTR Google+:
https://plus.google.com/u/1/b/118048474114244335161/118048474114244335161/posts
Forward-Looking Statements: Any statements that are not
historical facts contained in this release are "forward-looking
statements" as that term is defined under the Private Securities
Litigation Reform Act of 1995 (PSLRA), which statements may be
identified by words such as "expects," "plans," "projects," "will,"
"may," "anticipates," "believes," "should," "intends," "estimates,"
and other words of similar meaning. Such forward-looking statements
are based on current expectations, involve known and unknown risks,
a reliance on third parties for information, transactions or orders
that may be cancelled, and other factors that may cause our actual
results, performance or achievements, or developments in our
industry, to differ materially from the anticipated results,
performance or achievements expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from anticipated results include risks and
uncertainties related to the fluctuation of global economic
conditions, changes in costs of labor and food prices, intensive
competition in our industry and competition with national, regional
chains and independent restaurant operators, the performance
of management and our employees, our ability to obtain financing or
required licenses, competition, and the fact that we do not have
full operational control over the businesses of our franchise
partners. These and other risks and uncertainties, which are
described in more detail in the Company's most recent Annual Report
on Form 10-K and other reports and statements filed with the United
States Securities and Exchange Commission, are difficult to
predict, involve uncertainties that may materially affect actual
results and may be beyond the Company's control, and could cause
actual results, performance or achievements to be materially
different from those expressed or implied by any of these
forward-looking statements. New factors emerge from time to
time, and it is not possible for management to predict all such
factors or to assess the impact of each such factor on the Company.
Any forward-looking statement speaks only as of the date on which
such statement is made, and the Company does not undertake any
obligation to update any forward-looking statement to reflect
events or circumstances after the date on which such statement is
made.
Press
Information: Chanticleer Holdings, Inc.Investor
RelationsPhone: 704.366.5122 ir@chanticleerholdings.com
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