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Ignite Restaurant Group Reports Third Quarter 2013 Financial Results


During the third quarter of 2013, the Company opened four Joe’s Crab Shack restaurants – in Harlem, NY, Brick, NJ, Newark, NJ and Westbury, NY. Two Joe’s Crab Shack restaurants were closed during the quarter, with one to be converted to a Brick House Tavern + Tap and four Macaroni Grill restaurants were closed, with two to be converted to Brick House Tavern + Tap restaurants. Subsequent to the end of the third quarter, two Brick House Tavern + Tap restaurants were opened in Houston, TX (a conversion from a Joe’s Crab Shack) and San Antonio, TX (a conversion from a Macaroni Grill). Additionally, three Macaroni Grill restaurants were closed after the end of the third quarter that were each at the end of their lease term. As of November 5, 2013, the Company has opened 12 restaurants in fiscal 2013. For the remainder of the fiscal year, we expect to open as many as two more restaurants, including one new Brick House and one Brick House converted from a Macaroni Grill.

Conference Call

We will host a conference call to discuss our third quarter financial results today at 5:00 PM Eastern Standard Time. Hosting the call will be Ray Blanchette, Chief Executive Officer, and Michael Dixon, President and Chief Financial Officer. The conference call can be accessed live over the phone by dialing 888-215-6895 or for international callers by dialing 913-312-1411. A replay will be available one hour after the call and can be accessed by dialing 877-870-5176 or 858-384-5517 for international callers; the password is 1552756. The replay will be available until November 12, 2013. The call will also be webcast live from the Company's website at under the investor relations section.

About Ignite Restaurant Group

At the end of the third quarter 2013, Ignite Restaurant Group, Inc. owned and operated 136 Joe's Crab Shacks, 16 Brick House Tavern + Taps and 182 Romano's Macaroni Grills, and franchised 24 Romano's Macaroni Grills within the United States and foreign countries. Each brand offers a variety of high-quality, chef-inspired food and beverages in a distinctive, casual, high-energy atmosphere.

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