Chanticleer 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, today 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%.
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."
About Chanticleer Holdings, Inc. Headquartered in Charlotte, NC, Chanticleer Holdings (HOTR), together with its subsidiaries, owns and operates restaurant brands in the United States and internationally. The Company is a franchisee owner of Hooters® restaurants in international markets including Australia, South Africa, and Europe, and two Hooters restaurants in the United States. The Company also owns and operates American Burger Co., BGR the Burger Joint, Little Big Burger, and owns a majority interest in Just Fresh restaurants in the U.S.
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