Habit Restaurants beats by $0.01, reports revs in-line; guides FY18 revs in-line
- Reports Q4 (Dec) net of breakeven at $(0.00), excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.01); revenues rose 15.2% year/year to $85.09 mln vs the $85.65 mln Capital IQ Consensus.
- Company-operated comps decreased -1.0% in Q4.
- Co issues in-line guidance for FY18, sees FY18 revs of $389-393 mln vs. $389.51 mln Capital IQ Consensus Estimate.
- 2018 Outlook: Co guides to company-operated comps of flat to slightly positive for the year; co expects the opening of approximately 30 company-operated restaurants and 6-8 franchised/licensed restaurants; Restaurant contribution margin of 16-17%.
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