Sales Increases Continue for 16th Consecutive Quarter at Bruegger's Enterprises, Inc. Comp Sales Increase 5.4 Percent in First Quarter
April 28, 2008 // Franchising.com // BURLINGTON, Vt.– Bruegger's Enterprises, Inc. today reported that first quarter system-wide gross sales were $56.79 million, compared with $50.53 million in 2007, marking a 12.4 percent increase. Revenue for comparable sales grew 5.4 percent at company locations and 4.3 percent system-wide for the first quarter ending April 15, 2008. This period marks 16 consecutive quarters of growth for the fast casual leader.
"We are very pleased with these results which exceeded budget and are especially significant given the current economic environment," said Bruegger's Chief Executive Officer James J. Greco. "We are committed to consistently providing a memorable guest service experience along with a menu featuring delicious, wholesome offerings and these core attributes drive our financial performance."
During the first quarter Bruegger's opened six corporate bakeries, including its first two airport locations at Cincinnati/Northern Kentucky International and Boston Logan International, as well as one franchise-operated bakery bringing the total to 278 bakeries in 22 states and the District of Columbia. Additionally, in February, the company acquired Triangle Bagels, Inc. a franchisee of 14 Bruegger's locations in North Carolina and Bagel Factory, Inc. an operator of five bagel bakeries located in Philadelphia and its suburbs. New bakeries have made their debut in Washington D.C., Ohio and California and expansion will continue throughout the year in markets across the country.
About Bruegger's Enterprises, Inc.
Bruegger's Enterprises, Inc., an affiliate of Sun Capital Partners, Inc., is a leader in the quick casual restaurant segment. Bruegger's and its GUEST-focused team are dedicated to serving delicious, healthy food that brings guests back again and again. In approximately 277 neighborhood bakery-cafes in 22 states plus the District of Columbia, Bruegger's offers a warm, comfortable setting for guests to enjoy a wholesome meal with family and friends. Famous for authentic boiled and baked bagels, Bruegger's bakers lend their expertise to crafting a variety of other stone-hearth baked breads, such as Ciabatta and the exclusive Softwich™. Guests can count on innovative menu items, including fresh-made salads, whole wheat wraps, hearty soups, specialty and deli-made sandwiches, desserts, unique Fair Trade Certified™ coffee blends and original cream cheese flavors. Founded in 1983, Bruegger's celebrates its 25th anniversary this year. The company is headquartered in Burlington, Vermont and supports its neighbors in every community it serves. For more information, please visit www.brueggers.com.