MINNEAPOLIS, Sept. 7, 2021 /PRNewswire/ -- BBQ Holdings,
Inc. (NASDAQ: BBQ), an innovating global owner and operator of
restaurants, today announced that it has engaged FNK IR, a highly
strategic investor relations consulting firm, to develop and deploy
a comprehensive investor outreach and communications program.
Jeff Crivello, Chief Executive
Officer of BBQ Holdings, commented, "We have made tremendous
operational progress over the past year, driving sustainable
store-level improvements and simultaneously expanding our portfolio
both organically and strategically. As a result, our business has
thrived during the pandemic while others in the restaurant industry
have struggled, creating attractive M&A targets which we expect
will enable us to further diversify our revenue and scale our
portfolio. We are eager to work with FNK IR to take this story of
growth, evolution and solidification to investors to help them
better understand our investment thesis and the long-term
opportunity in our business."
Rob Fink, Managing Partner of FNK
IR, commented, "Under Jeff's leadership, BBQ Holdings has
significantly expanded and de-risked its portfolio through
diversification, and its emphasis on off-site revenue (take-out and
catering), along with robust digital marketing efforts, has helped
it excel during a period of unprecedented challenges. With a solid
growth strategy, sustainable profitability, and strong free cash
flow, we believe BBQ's investment proposition is compelling, and
the FNK IR team is eager to elevate the company's IR efforts. This
will include implementing a comprehensive targeting strategy to
communicate a more clear and concise message to an expanded
audience of relevant investors that will, over time, help unlock
and drive shareholder value."
About BBQ Holdings
BBQ Holdings, Inc. (NASDAQ: BBQ) is
a national restaurant company engaged in the ownership and
operation of casual and fast dining restaurants. As of September 7, 2021, BBQ Holdings had six brands
with 296 locations in three countries including 84 Company owned
locations and 213 franchised locations. In addition to these
locations, the Company opened 8 Company-owned Famous Dave's ghost
kitchens operating within its Granite City locations, and 19 Famous
Dave's franchisee ghost kitchens operating out of the kitchen of
another restaurant location or a shared kitchen space. While BBQ
Holdings continues to diversify its ownership in the restaurant
community, it was founded with the principle of combining the "art
and science" of barbecue to serve up the very best of the best to
barbecue lovers everywhere. BBQ Holdings, through partnerships, has
extended Travis Clark's
award-winning line of barbecue sauces, rubs and seasonings into the
retail market. Along with a wide variety of BBQ favorites served at
their BBQ restaurants, BBQ Holdings newest addition, Granite City
Food and Brewery, offers award winning craft beer and a
made-from-scratch, chef driven menu featuring contemporary American
cuisine. Village Inn and Bakers Square are the most recent
additions to the company and add a legendary Family Dining element
to BBQ Holdings.
About FNK IR
FNK IR is a highly strategic,
investor-minded investor relations consulting firm that helps
smaller and emerging public companies navigate the capital markets,
enhancing awareness, creditability and ultimately valuation. FNK
IR's exclusively senior team has decades of experience investing
in, partnering with, and working at public companies. To
learn more, please visit www.fnkir.com
Forward-Looking Statements
Statements in this press
release that are not strictly historical, including but not limited
to statements regarding the timing of the Company's restaurant
openings, the timing of refreshes and the timing or success of
refranchising plans, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
which may cause the Company's actual results to differ materially
from expected results. Although the Company believes the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, it can give no assurance that its
expectation will be attained. Factors that could cause actual
results to differ materially from the Company's expectation include
the impact of the COVID-19 virus pandemic, financial performance,
restaurant industry conditions, execution of restaurant development
and construction programs, franchisee performance, changes in local
or national economic conditions, availability of financing,
governmental approvals and other risks detailed from time to time
in the Company's SEC reports.
Contact
Rob Fink
FNK IR
BBQ@fnkir.com
646.809.4048
MEDIA CONTACT:
Julie Green
Mainland
312.526.3996
jgreen@hellomain
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SOURCE BBQ Holdings, Inc.