SOUTHFIELD, Mich. (AP) _ Diversified Restaurant Holdings Inc. (SAUC) on Thursday reported a loss of $20.3 million in its fourth quarter.
The Southfield, Michigan-based company said it had a loss of 76 cents per share. Losses, adjusted for pretax expenses and to account for discontinued operations, were 5 cents per share.
The operator of Bagger Dave's Burger Tavern and franchised Buffalo Wild Wings restaurants posted revenue of $41.9 million in the period.
For the year, the company reported that its loss widened to $20.5 million, or 77 cents per share. Revenue was reported as $165.5 million.
In the final minutes of trading on Thursday, the company's shares hit $1.48. A year ago, they were trading at $1.78.