LOS ANGELES, Feb. 20, 2007 (PRIME NEWSWIRE) -- Grill Concepts, Inc. (Nasdaq:GRIL), which operates The Grill on the Alley and Daily Grill-branded restaurants, today reported preliminary same store sales increases of 17.5 percent for its fiscal fourth quarter ended December 31, 2006 and 10.1 percent for the full year.
Fiscal 2006 was a 53-week year for the company, with an additional week in the fourth quarter, while fiscal 2005 was a 52-week year. Based on a 52-week comparison, the company's consolidated preliminary same store sales were 9.4 percent for the fourth quarter and 7.9 percent for fiscal 2006. The Grill on the Alley restaurants recorded 15.1 percent and 12.3 percent increases in comparable sales for the fourth quarter and full year, and the Daily Grill restaurants posted same store sales gains of 5.9 percent and 5.5 percent, respectively.
As previously announced, Chief Executive Officer Philip Gay and Chief Financial Officer Wayne Lipschitz will present a company overview at the Roth Capital Partners 19th Annual OC Conference at The Ritz-Carlton, Laguna Nigel, on Wednesday, February 21, 2007 at 11:00 a.m. PST.
The presentation will be available to all interested parties through a live webcast at the company's Web site, www.dailygrill.com, under Grill Concepts / Corporate Information, or at http://www.wsw.com/webcast/roth9/gril/. Listeners are encouraged to visit the Web site at least 15 minutes prior to the start of the scheduled presentation to register, download and install any necessary audio software. For those unable to listen to the live webcast, the presentation will be archived on the same Web site for 30 days.
About Grill Concepts, Inc.
Grill Concepts owns, manages and licenses upscale casual and fine dining, full service restaurants under two core brand names: The Grill on the Alley and Daily Grill. The company operates 25 restaurants including five The Grill on the Alley-branded restaurants in Beverly Hills, Hollywood and San Jose, California; Chicago, Illinois; and Dallas, Texas, as well as 20 Daily Grill restaurants in Southern and Northern California; the Washington, D.C. metropolitan region; Houston, Texas; Portland, Oregon; and Skokie, Illinois.