BBQ Shares Gain After FY21 Guidance Hike

  • BBQ Holdings Inc BBQ has raised its FY21 guidance.
  • It sees Net Restaurant Revenue of $180-$185 million from $155-$160 million earlier.
  • BBQ expects a $5.1-$5.5 million net income from $2.8-$3.2 million earlier.
  • The company sees a cash EBITDA of $13.5-$14.0 million from $10.0-$10.5 million earlier.
  • “This guidance is a reflection of our organic and M&A growth plans,” said CEO Jeff Crivello.
  • Price action: BBQ shares are trading higher by 6.80% at $17.50 on the last check Monday.
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