Chanticleer Holdings, Inc.
Chanticleer Holdings, Inc. is engaged in the business of owning, operating and franchising fast casual dining concepts domestically and internationally. The Company's brands include Hooters, American Burger Company (ABC), BGR: the Burger Joint (BGR), BT's Burger Joint (BT), Little Big Burger (LBB) and Just Fresh. Hooters restaurants are casual beach-themed establishments featuring music, sports on large flat screens, and a menu that includes seafood, burgers, salads and Hooters original chicken wings. ABC is a fast casual dining chain located in North Carolina, South Carolina and New York. BGR consists of approximately 10 Company-owned locations in the United States and over 13 franchisee-operated locations in the United States and the Middle East. LBB consists of approximately eight locations in Oregon. Just Fresh consists of approximately seven Company owned locations in Charlotte, North Carolina.
News
Chanticleer Holdings, Inc. (NASDAQ:HOTR) kicked off November with the announcement that, during the fiscal quarter ended September 30, 2016, the company achieved its second consecutive quarter of adjusted EBITDA profitability. This milestone came alongside an 18.3 percent year-over-year increase in total revenue, which was attributed primarily to Chanticleer's rapidly expanding fast casual better burger segment. In a news release, Mike Pruitt, chairman and chief executive officer of Chanticleer, noted that the company's Little Big Burger restaurants were performing "particularly well" before adding that the brand contributed "significantly to the 19% sequential growth in Adjusted EBITDA from continuing operations" and further validated Chanticleer's regional brand strategy.
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