Restaurant News Resource - Granite City Food and Brewery News

General and Administrative Costs Decreased $3.3 Million in Fiscal Year 2009 Compared to Fiscal Year 2008; Company-wide EBITDA Increased $1.0 Million in Fourth Quarter 2009 Compared to Fourth Quarter 2008 - More

Granite City Food & Brewery Ltd. (NASDAQ: GCFB) announced today that following the company's 1 for 6 share combination, the closing bid price of its common stock has been at $1.00 per share or greater for at least 10 consecutive business days. - More

Begins Roll-out of New Saturday Morning Brunch - More

Granite City Food & Brewery Ltd. (NASDAQ: GCFB) today announced that its one-for-six reverse stock split was completed effective on the close of business on January 13, 2010. Trading of the Company's common stock on the NASDAQ Capital Market will begin on a split-adjusted basis at the open of trading on January 14, 2010. - More

Granite City Food & Brewery Ltd. (NASDAQ: GCFB) received notice from the Nasdaq Listing Qualification group that is application to list its common stock on The Nasdaq Capital Market has been approved. The Company's securities will be transferred to The Nasdaq Capital Market at the opening of business on December 14, 2009. - More

Comparable restaurant sales down 12.7% on an adjusted 13-week quarter-over-quarter comparison - More

Debt Conversion Estimated to Save $19 million in Principal and Interest over Five Years; Reductions in Store Lease Terms Estimated to Remove an Additional $14-20 million of Debt from Company's Balance Sheet - More

$15 million in debt converted to equity; buy-back feature limits shareholder dilution - More

Year-to-Date Margin Improvement Represents a $1.8 Million Increase in Restaurant-Level EBITDA - More

Granite City Food & Brewery Ltd. (Nasdaq: GCFB), a Modern American upscale casual restaurant chain, today announced that it is continuing its efforts to restructure its debt and long-term obligations in what continues to be a challenging operating environment. - More