Bbq Holdings's Business Segments
Bbq Holdings's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Bbq Holdings does not report a distinct business-segment axis in its filings - its disaggregated revenue is disclosed by product and service category instead. See the Product & Service breakdown below.
Revenue by Product & Service Category - FY
- Restaurant sales, net93.4%
- Franchise royalty and fee revenue4.9%
- Licensing and other revenue1.1%
- Franchisee national advertising fund contributions0.7%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Restaurant sales, net | $ 75 | 93.4% |
| Franchise royalty and fee revenue | $ 4 | 4.9% |
| Licensing and other revenue | $ 1 | 1.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Bbq Holdings
Real Urban Barbecue is a fast-casual barbecue chain that currently has three Illinois locations. The menu features smoked meats and homemade sauces, as well as classic sides like coleslaw and potato salad.
In addition to its restaurant concepts, BBQ Holdings also operates a franchise support center that provides marketing, training, and operational support for its franchisees.
BBQ Holdings Inc. has a market capitalization of approximately $80 million and trades on the NASDAQ stock exchange under the symbol BBQ. The company reported revenue of $104 million for the fiscal year ending December 29, 2019.
The company's leadership team includes Jeff Crivello, CEO and Chairman of the Board, and Dexter Newman, CFO. The company is committed to providing high-quality food and beverages to its customers while also emphasizing social responsibility, including sustainable sourcing of ingredients and efforts to minimize its environmental impact.
Segments
1. Famous Daves
- Overview: Famous Daves is a celebrated casual dining establishment known for its authentic Southern-style barbecue. The ambiance is family-friendly, providing a laid-back atmosphere ideal for gatherings.
- Target Market: The primary audience includes families, groups, and barbecue enthusiasts seeking a hearty meal in a relaxed environment.
- Menu Highlights: The menu is rich with options that reflect classic Southern BBQ traditions and includes:
- Smoked Meats: A variety of meats such as smoked brisket, baby back ribs, pulled pork, and St. Louis-style ribs, all slow-cooked to perfection.
- Sides: Traditional accompaniments include rich mac and cheese, coleslaw, baked beans, cornbread, and fried green tomatoes.
- Salads and Sandwiches: Fresh salads and BBQ sandwiches are available for lighter options.
2. Granite City Food and Brewery
- Overview: This brand combines the concepts of a full-service restaurant and an in-house brewery. It focuses on offering quality American cuisine alongside artisanal beers brewed on-site.
- Target Market: Granite City appeals to foodies, craft beer lovers, and individuals looking for a vibrant dining experience.
- Menu Highlights: The diverse menu includes:
- Craft Beer: Handcrafted beers including IPAs, wheat beers, stouts, and lagers. Seasonal and specialty brews are often featured.
- American Cuisine: A wide selection of classic American dishes featuring burgers, sandwiches, pasta, and steaks, often made with locally sourced ingredients.
- Happy Hour Specials: Regular promotions that encourage customers to enjoy affordable drinks and appetizers during designated hours.
3. Real Urban Barbecue
- Overview: As a fast-casual eatery, Real Urban Barbecue focuses on delivering high-quality wood-smoked barbecue in a quick and convenient format. The ambiance is informal, making it ideal for on-the-go diners.
- Target Market: This segment caters primarily to busy professionals and families who desire quality barbecue without the extended wait times associated with traditional dining.
- Menu Highlights: The menu features:
- Wood-Smoked Meats: A selection of brisket, ribs, chicken, and sausage, all smoked for up to 14 hours to enhance flavor and tenderness.
- Sides and Salads: A variety of complementary sides, including seasoned fries, coleslaw, and mac and cheese, in addition to fresh salads.
- Sandwich Offerings: BBQ-brisket and pulled pork sandwiches are popular quick-serve options.
Products and Services
1. Famous Daves
- Catering Services: Available for a range of events, from family gatherings to corporate parties, offering tailored menus that can accommodate various guest counts and preferences.
- Delivery Options: Customers can conveniently place orders online or by phone, facilitating home delivery of their favorite barbecue dishes.
2. Granite City Food and Brewery
- Private Dining Spaces: Facilities equipped for hosting events such as business meetings, private parties, and celebrations, ensuring a personalized dining experience.
- Catering Services: Customized catering solutions catered to both small and large events, often featuring the restaurant’s signature dishes.
- Beer To-Go: Guests can take home their favorite craft beers in growlers or cans, providing an extension of their dining experience.
3. Real Urban Barbecue
- Fast-Casual Dining Experience: Emphasizing a no-fuss, counter-service model, customers can enjoy their meals quickly while sitting in a relaxed atmosphere.
- Catering Services: The same quality BBQ can be catered for events, emphasizing convenience for large gatherings.
- Delivery: Streamlined delivery service that allows customers to order online for home or office delivery, maintaining the quality of the smoked meats.
Summary
BBQ Holdings Inc. has established itself as a significant entity in the dining industry with its distinct restaurant segments—Famous Daves, Granite City Food and Brewery, and Real Urban Barbecue. Each brand offers unique culinary experiences, from traditional Southern barbecue to handcrafted beers and fast-casual dining options. With a robust selection of menu items and a focus on customer service through catering and delivery, BBQ Holdings Inc. meets the diverse needs of its clientele, ensuring that high-quality food is accessible for various occasions. Whether customers seek a leisurely meal, a vibrant dining experience, or quick-service barbecue, BBQ Holdings Inc. provides an array of options catering to all tastes and preferences.
