Restaurant News Resource - Einstein Noah Restaurant Group Restaurant Industry News

Einstein Noah Restaurant Group (NASDAQ: BAGL) last week named Edna Morris to its Board of Directors, effective immediately.

The acquisition is part of the Einstein Noah’s strategic growth plan aimed at strengthening its competitive position within the Pacific Northwest market. The Company expects to rebrand all five locations into one of its other brands in the future.

Sustained growth in franchise, license and manufacturing revenues.

Free cash flow of $5.5 million compared to $4.7 million.

Total revenues increased to $101.2 million from $100.8 million.

Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, announced today the appointment of Brian Unger as Executive Vice President of Operations and Mike Ellis as Executive Vice President of Franchise and Restaurant Development, effective immediately.

Fourth Quarter System-wide Comparable Store Sales Increased 1.6% - Fourth Quarter Income Before Income Taxes Increased 26.3% - Fourth Quarter Adjusted EBITDA Increased 10.1%

System-wide Comparable Restaurant Sales Increased 0.7% - Franchise and License Related Revenues Increased 17.2%

Total revenues of $103.5 million compared to $104.4 million. Free cash flow for the second quarter increased by $2.7 million to $4.7 million.

System-wide comparable store sales improve sequentially and year to year, Total gross margin improves 230 basis points to 18.7%, Redeemed $13.2 million of Series Z Preferred Stock