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Famous Dave's of America Inc. Message Board

  • casual_observer_27 casual_observer_27 Aug 9, 2014 9:56 AM Flag

    64% earnings growth in 2014 so far

    64% earnings growth is pretty good do far this year. A good amount of this comes on the expense side by downsizing upper management and trimming other G&A expense. Sales have been somewhat week due to discontinuation of promotions (as explained in the conference call). The company has paused expansion of new stores until the prototype new DAVE store in Bolingbrook can be analyzed to see what is working and what is providing the best customer experience. 2015 is the year DAVE will start growing top line revenue. If DAVE was a sports team, I would call this a rebuilding year. However, sports teams usually have bad records during rebuilding years and DAVE having a 64% earning growth so far this year is outstanding.

 
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