Tag Archives: SSS

Granite City Food & Brewery® Reports 33.3% Increase in Revenue in Fourth Quarter 2012

By Business Wirevia The Motley Fool

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Granite City Food & Brewery® Reports 33.3% Increase in Revenue in Fourth Quarter 2012

Cadillac Ranch and New Granite City Location Continue to Spur Sales Growth

MINNEAPOLIS–(BUSINESS WIRE)– Granite City Food & Brewery Ltd. , a casual dining restaurant group, today reported results for the fourth quarter and fiscal year ended December 25, 2012.

Highlights were as follows:

  • Total restaurant sales increased 33.3% to $30.9 million for the fourth quarter of 2012 from $23.2 million in the fourth quarter of 2011
  • Total restaurant sales increased 29.7% to $120.9 million for fiscal year 2012 from $93.2 million in fiscal year 2011
  • Same store sales (SSS) increased 4.5% and 2.6% in the fourth quarter and fiscal year 2012 over the comparable periods of 2011, respectively
  • Restaurant-level Income Before Occupancy (“IBO”) increased $2.6 million and $8.7 million in the fourth quarter and fiscal year 2012 over the comparable periods of 2011, respectively
  • Company recorded approximately $1.6 million and $7.0 million in Adjusted EBITDA in fourth quarter and fiscal year 2012, respectively, compared to $0.03 million and $3.0 million in the comparable periods of 2011

“2012 was an incredible year for the Company and we accomplished a lot in a very short time period,” commented Rob Doran, CEO. “This past year we focused on setting the stage for growth and then executing on the steps we put in place to grow both organically and externally. Organically, we were able to increase our store level revenue and our store level operating margin pushing more store level income to the bottom line. Additionally, we began our rebranding process through signage, menus and most importantly, our new prototype Granite City restaurant in Troy, MI – which has been a huge success and surpassed all our internal pre-opening goals. Externally, we finalized the purchase of four additional Cadillac Ranch restaurants, stabilized the operations and absorbed the growth within our home office team. The completion of a $6.5 million equity placement with CDP mid-year helped fund 2012 growth and set the stage for three additional Granite City restaurants in 2013 – including our recent opening in Franklin, TN. We are very happy with our results of this past year and look forward to continued success …read more
Source: FULL ARTICLE at DailyFinance

DmC: The PC Version Difference

Maybe you already picked up one of the console versions of Ninja Theory’s DmC and are currently hacking apart demons in pursuit SSS rankings. On the other hand, maybe you’re holding off for now because you’re still trying to get through your 2012 backlog or you’re still poor after the holidays. If you’re considering picking up DmC sometime later and also happen to have a gaming PC around, here are DmC’s PC-specific features.

DmC is playable with either a mouse and keyboard or a gamepad and features customizable controls for both choices as well as in-game sliders for tweaking mouse sensitivity. Switching between input devices does not require a game restart, so if you’re playing with a mouse and keyboard and find the fast action would be best controlled with a gamepad, you can plug in an Xbox 360 controller with the game running and it’ll work. Through Steam DmC also features cloud saving which should help minimize hassle if you tend to play PC games on multiple machines.

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Source: FULL ARTICLE at IGN Video Games