Stock Update (NASDAQ:HOTR): Chanticleer Holdings Inc Announces 7.8 Percent Year-To-Date Comp Store Sales Increase for Fast Casual Restaurants Owned More Than One Year
Chanticleer Holdings Inc (NASDAQ:HOTR), owner and operator of multiple restaurant brands internationally and domestically, today announced that year-to-date same store sales through August 2015 increased approximately 7.8% for restaurants in its fast casual business owned and operated by Chanticleer for more than one year. These results include American Burger Company where same store sales increased approximately 11% and Just Fresh where same store sales increased approximately 6%.
Mike Pruitt, Chairman and CEO of Chanticleer Holdings, commented, “These comps reflect the execution delivered by our team across all aspects of fast casual operations to drive continual improvements in the customer experience. Chanticleer has grown quickly via acquisition and we are also executing operationally to deliver strong comp store increases. Fast casual is quickly becoming a larger portion of our businesses due to the combination of organic growth and better burger acquisitions.” (Original Source)
Shares of Chanticleer Holdings Inc closed yesterday at $1.39. HOTR has a 1-year high of $4.18 and a 1-year low of $1.16. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $2.48.
Chanticleer Holdings Inc operates Hooters franchises internationally and several restaurant and bar concepts domestically. It is engaged in owning and operating fast casual dining concepts domestically and internationally.