Brio Restaurants

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Bravo Brio Restaurant Group Inc. plans to close at least six restaurants this year, the first three this spring, as part of a strategy to analyze the viability of each of its 116 restaurants, the company said Tuesday.  “By critically reviewing each individual location, we can best ensure we meet our targeted financial returns,” Bravo Brio CEO Brian O’Malley said in a statement. The company previously said it planned to close half a dozen locations in February. The closures come as the owner of 51-unit Bravo Cucina Italiana and 65-unit Brio Tuscan Grille said it has seen some signs of life in its sales. Same-store sales at the two Italian brands declined 2.3 percent in the first quarter ended March 26. Bravo same-store sales fell 2.9 percent, while Brio’s declined by 1.9 percent.  The results were markedly better than the previous quarter, when the brands’ same-store sales fell 7.5 percent and 4.3 percent, respectively.  “The casual-dining industry remains challenging, but we are gaining traction,” O’Malley said.  Growth in Bravo Brio’s banquet business, as well as increases in to-go and delivery orders, all “expanded meaningfully” in the period, especially at Brio, he said. Net income was $500,000, or 4 cents per share, down 77 percent from the same period a year ago, when Bravo Brio generated $2.2 million in net income, or 15 cents per share. Revenue fell 1.9 percent, to $106.7 million, from $108.8 million the previous year.  Contact Jonathan Maze at [email protected] Follow him on Twitter: @jonathanmaze


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Graphics are among the list of most significant elements of any tradeshow exhibit. They set the tone of your respective show, and determine how your business will likely be perceived. New developments in tradeshow graphics permit exhibitors limitless layout options with material graphics. Brio Restaurantsis provided only for personal use as image on computers, smartphones or other display devices. If you found any images copyrighted to yours, please contact us and we will remove it. We don't intend to display any copyright protected images.

Author: Magdalena Soler
1091 calle de alberto aguilera la palma ceuta 13127
Phone: 935-737-863
Cell: 670-755-857


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