Stock Update (NASDAQ:HOTR): Chanticleer Holdings Inc Announces Strong Domestic Same Store Sales Growth for the Fourth Quarter of 2015
Chanticleer Holdings Inc (NASDAQ:HOTR) (“Chanticleer” or the “Company”), owner and operator of multiple restaurant brands internationally and domestically, announced that year-to-date same store sales in the fourth quarter of 2015 for its Better Burgers segment increased 9.1%, Just Fresh Fast Casual grew 4.2%, and domestic Hooters stores increased 2.4%.
Shares of Chanticleer Holdings Inc closed yesterday at $0.66. HOTR has a 1-year high of $4.18 and a 1-year low of $0.64. The stock’s 50-day moving average is $0.83 and its 200-day moving average is $1.21.Mike Pruitt, Chairman and CEO of Chanticleer Holdings, commented, “We are pleased to see sustained positive same store sales growth in our U.S. locations. Our Better Burger and Just Fresh brands continue to capitalize on local customer tastes and preferences. The management teams have executed targeted marketing initiatives to drive new customers to stores, and the strong performance is a testament to their efforts. Our Pacific Northwest Hooters restaurants are among the top performing domestic Hooters franchise locations for 2015, and they continue to post strong results. International same store sales were impacted across the board by the weakness of the South African Rand. While South Africa same store sales were down slightly compared to last year, restaurant EBITDA has improved, and we continue to bolster local operational and marketing initiatives at our international locations.” (Original Source)
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.