** Restaurant-level EBITDA, a non-GAAP measure, represents net income before interest, taxes and depreciation and amortization plus the sum of certain non-operating expenses, including pre-opening costs, management fees and accounting expenses paid to a related party, secondary public offering costs, public offering transactions bonuses, and general and administrative expenses. For a reconciliation of restaurant-level EBITDA to the most directly comparable financial measure presented in accordance with GAAP and a discussion of why we consider it useful, see the financial information accompanying this release.Mark S. Mednansky, Chief Executive Officer of Del Frisco's Restaurant Group, Inc., said, "Del Frisco's Double Eagle's status as the nation's premier steakhouse concept was further solidified through strong comparable sales and increased guest traffic in the third quarter despite an uncertain environment and formidable year-ago comparisons. As an affordable neighborhood steakhouse, Sullivan's is more susceptible to pervasive softness within casual dining but we are making brand enhancements which over time will allow us to rebuild momentum. Specifically, we recently began promoting our Sullivan's fixed-priced menu through cable TV and radio spots, remodeling several older restaurants, updating our digital presence and creating a new leadership structure. As we look ahead, we are encouraged that the upcoming holiday season will provide benefits to all three concepts, but given our performance to date we have made several adjustments to our full year outlook."
Del Frisco's Restaurant Group, Inc. Announces Third Quarter 2013 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.