Famous Dave’s: More Meat on the Bones

Don’t call it a comeback? Long-troubled Famous Dave’s of America Inc., based in Minnetonka, offered some surprises in its second-quarter report—most notably that franchisees saw a year-over-year increase in same-store sales for only the second time since 2011. Systemwide sales are down, due in large part to fewer total stores.

2Q19 revenue: $21.1 million

Increase from 2Q18: 45.3%

2Q19 net income: $1.04 million

Decrease from 2Q18: (-25.3 %)

Company-owned stores, 2Q19: 29

Company-owned stores, 2Q18: 15

Total locations, 2Q19: 136

Total locations, 2Q18: 150

Decrease in same-store sales for company-owned stores: (-0.8 %)
Increase in “to-go” sales at company-owned stores: 6.8 %
Same-store sales increase for domestic franchisees: 0.7 %

Systemwide restaurant sales, 2Q19: $90.6 million
Overall decrease since 2Q18: (-6.8 %)

—Burl Gilyard