Granite City Announces 2014 Financial Results|McGowan Capital Group

Granite City Food & Brewery 2014 Year End Report – a McGowan Capital Group Investment

 

From the PRNewswire, Granite City Food & Brewery (a McGowan Capital Group investment) announced their preliminary unaudited financial results for the fiscal year ending December 30, 2014.

 

  • Net revenue increased to $136 million compared to $134 million for FY 2013
  • Adjusted EBITDA increased to approximately $10 million compared to $8 million for FY 2013
  • Consolidated same-store sales, excluding the non-restaurant location in Indianapolis, increased 0.7% in 2014

 

New Granite City Restaurants Opening

 

Granite City Food & Brewery currently has 31 restaurants located in 13 states.  Four additional restaurants are scheduled to open in the next two months.  These will be located in Schaumburg, IL, Northville, MI, National Harbor, MD and Detroit, MI.  Additional information about Granite City can be found at www.gcfb.com.

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Full PRNewswire Article

To view the full article, please go to PRNewswire.

 

 

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