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Bravo Brio reports 4Q loss

COLUMBUS, Ohio (AP) _ Bravo Brio Restaurant Group Inc. (BBRG) on Tuesday reported a loss of $73.3 million in its fourth quarter.

The Columbus, Ohio-based company said it had a loss of $4.96 per share. Earnings, adjusted for pretax expenses and asset impairment costs, were 12 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The Italian restaurant operator posted revenue of $101.7 million in the period.

For the year, the company reported a loss of $74.7 million, or $5.09 per share, swinging to a loss in the period. Revenue was reported as $410.3 million.

Bravo Brio expects full-year earnings to be 22 cents to 32 cents per share, with revenue in the range of $406 million to $416 million.

In the final minutes of trading on Tuesday, the company's shares hit $4. A year ago, they were trading at $7.81.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BBRG at https://www.zacks.com/ap/BBRG


Keywords: Bravo Brio Restaurant Group, Earnings Report