MINNEAPOLIS--(BUSINESS WIRE)--Granite City Food & Brewery Ltd. (Nasdaq:GCFB), a Modern American upscale casual restaurant chain, today reported results for the second quarter ended June 30, 2009.
Highlights for the second quarter of 2009 were as follows:
-Restaurant-level EBITDA improves to 16.4% from 12.1% in prior year second quarter
-Restaurant-level EBITDA for comp stores increases to 18.5% from 14.5% in prior year second quarter
-Prime cost (food, beverage, labor) decreases 5.1 percentage points from 67.3% in prior year quarter to 62.2% in second quarter 2009
-Same-store-sales down 13.2% from prior year second quarter
-Adjusted company-wide EBITDA improves $1.5 million from $0.3 million in second quarter 2008 to $1.8 million in second quarter 2009.
-Corporate charges decrease $0.4 million in second quarter 2009 compared to second quarter 2008
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