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Ignite Restaurant Group, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2017 10-Q, filed May 16, 2017. Its latest SEC filing is a 15-12B from Jun 22, 2017.

The sections below describe the company as of the FY2016 annual report.

What Did They Do?

Serves seafood and crab-focused meals at Joe’s Crab Shack and tavern food and drinks at Brick House Tavern + Tap to casual-dining guests.

How Did They Make Money?

Restaurant guests pay for food and drinks at the point of sale; franchise agreements generate initial fees, ongoing royalties and marketing fees.

FY2016 revenue

Who Were Their Customers?

Diners buy meals and drinks at company-operated restaurants; franchisees operate Joe’s locations in Dubai.

How Were They Changing?

Since the FY2016 annual report
Latest quarter: Q1 FY2017, the three months to Apr 3, 2017
Revenue
▼ −19%
vs $117.9M in Q1 FY2016
  • Jun 8, 2017 Filed for Chapter 11 and agreed to sell substantially all assets The proposed asset sale is subject to higher bids and court approval.

Shrank. Revenue fell 10% in 4 years, from $499.2M in FY2013 to $450.3M in FY2016, about 3% a year.

Portfolio narrowed After selling Macaroni Grill, the latest report describes Joe’s Crab Shack and Brick House Tavern + Tap as the company’s two brands.

Who Did They Compete With?

Competes with Red Lobster, Bonefish Grill, Landry’s Seafood, Bubba Gump Shrimp, BJ’s Restaurant and Brewhouse, Buffalo Wild Wings, Yard House, The Cheesecake Factory, Applebee’s, Chili’s, T.G.I. Friday’s, Texas Roadhouse, and Outback Steakhouse

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