Bruegger´s: reports a better than expected Q1/2009

Burlington / VT. (prn) Bruegger´s Enterprises Inc. announced better than expected financial results for the first quarter ending April 15, 2009. First quarter system-wide gross sales were 57,2 million USD, an increase of 0,4 percent over 2008. The company ended 2008 with revenues of nearly 200 million USD, marking five years of positive growth. Same store comparable 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 Chief Executive Officer 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». Bruegger´s, an affiliate of Sun Capital Partners Inc., opened four franchise bakeries in Altamonte Springs, Florida, Tucson, Bexley, Ohio and Oak Park, Illinois – one of 15 bakeries planned for the Chicago area. With one corporate opening in West Bloomfield, Michigan, the company now has a total 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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