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Bruegger's reports better-than-expected Q1 results
June 3, 2009
BURLINGTON, Vt. — Bruegger's Enterprises Inc. has announced its financial results for the 2009 first quarter ending April 15. First quarter systemwide gross sales were $57.2 million, an increase of 0.4 percent over the same period in 2008. The company ended 2008 with revenues of nearly $200 million, marking five years of positive growth. Same-store sales were off slightly for the quarter, although ahead of budget. Overall the company is optimistic for the year, despite tough economic times. "Our first quarter results represent very good performance in a difficult environment," said Bruegger's CEO Jim Greco. "By adding fresh new items to our menu and focusing on an inviting experience for our customers, we continue to grow despite the challenging times." New menu items and locations
In February, Bruegger's launched a line of sandwich options that included paninis and signature sandwiches made with a new selection of freshly baked breads. The sandwiches will be included at all of the company's 290 locations nationwide by June.
Additionally, Bruegger's opened four franchise bakeries and one corporate bakery during the quarter, bringing up the number of locations to 290 bakeries in 24 states and the District of Columbia. New bakery expansion will continue with four bakeries set to open in the second quarter, including the company's fourth airport location at Cleveland Hopkins International Airport.
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