<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTERLY PERIOD ENDED COMMISSION FILE NUMBER
JUNE 29, 1997 0-19810
BACK BAY RESTAURANT GROUP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 04-2812651
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
284 NEWBURY STREET, BOSTON, MASSACHUSETTS 02115
(Address of principal executive offices)
(617) 536-2800
(Registrant's telephone number, including area code)
---------------------------
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
--- ---
On July 29, 1997, there were 3,434,032 shares of the registrant's Common Stock
outstanding.
The accompanying notes are an integral part of these consolidated financial
statements.
<PAGE> 2
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (in thousands)
<TABLE>
<CAPTION>
JUNE 29, 1997 DECEMBER 29, 1996
------------- -----------------
<S> <C> <C>
ASSETS
Current assets:
Cash and cash equivalents $ 1,920 $ 1,344
Accounts receivable net of allowance for
doubtful accounts ($970 in 1996 and 1997) 283 252
Inventories 674 687
Prepaid expenses and other current assets 1,074 904
Deferred income taxes 169 169
------- -------
Total current assets 4,120 3,356
------- -------
Buildings and improvements 4,303 4,303
Furniture, fixtures and equipment 16,973 16,124
Leasehold improvements 32,474 31,965
Lease rights 2,826 2,826
------- -------
56,576 55,218
Less: accumulated depreciation and amortization 25,211 23,436
------- -------
Net property, plant and equipment 31,365 31,782
------- -------
Other assets:
Goodwill, net of accumulated amortization 4,968 5,052
Tradenames and trademarks, net of accumulated amortization 1,264 1,286
Deferred income taxes 1,698 1,698
Other assets, net of accumulated amortization 796 737
------- -------
Total other assets 8,726 8,773
------- -------
Total assets $44,211 $43,911
======= =======
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $2,660 $ 2,709
Accrued expenses 7,715 7,750
Current maturities of long-term debt 250 1,500
Income taxes payable 335 284
------- -------
Total current liabilities 10,960 12,243
------- -------
Deferred rent 228 441
Other long term liability 53 -
Long term debt 7,250 6,025
Commitments and contigencies
Stockholders' equity:
Common stock, $.01 par value; authorized
20,000 shares; 3,434 shares issued and
outstanding in 1996 and 1997 36 36
Additional paid-in capital 23,043 23,039
Retained earnings 4,440 3,926
------- -------
27,519 27,001
Less treasury stock, 208 shares at cost in 1996 and 1997 1,799 1,799
------- -------
Total stockholders' equity 25,720 25,202
------- -------
Total liabilities and stockholders' equity $44,211 $43,911
======= =======
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
2
<PAGE> 3
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
<TABLE>
<CAPTION>
13 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Sales $24,122 $22,165
Costs and expenses:
Cost of sales 6,685 6,306
Payroll and related costs 7,569 7,059
Operating expenses 5,430 5,063
Depreciation and amortization 1,042 934
------- -------
Total restaurant operating expenses 20,726 19,362
------- -------
Income from restaurant operations 3,396 2,803
General and administrative expenses 2,274 2,348
------- -------
Operating income 1,122 455
Interest expense net 166 181
------- -------
Income before income taxes 956 274
Income taxes 354 101
------- -------
Net income $ 602 $ 173
======= =======
Net income per share $ .18 $ .05
======= =======
Weighted average common and common
equivalent shares outstanding 3,436 3,436
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
3
<PAGE> 4
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
<TABLE>
<CAPTION>
26 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Sales $46,018 $42,648
Costs and expenses:
Cost of sales 12,780 12,127
Payroll and related costs 14,945 13,860
Operating expenses 10,712 10,028
Depreciation and amortization 1,994 1,890
------- -------
Total restaurant operating expenses 40,431 37,905
------- -------
Income from restaurant operations 5,587 4,743
General and administrative expenses 4,440 4,594
------- -------
Operating income 1,147 149
Interest expense net 331 389
------- -------
Income/(loss) before income taxes 816 (240)
Income taxes 302 (89)
------- -------
Net income/(loss) $ 514 $ (151)
======= =======
Net income/(loss) per share $ .15 $ (.04)
======= =======
Weighted average common and common
equivalent shares outstanding 3,435 3,436
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
4
<PAGE> 5
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(in thousands)
<TABLE>
<CAPTION>
Additional Total
Common Paid-in Retained Treasury Stockholders'
Stock Capital Earnings Stock Equity
------ ---------- -------- -------- -------------
<S> <C> <C> <C> <C> <C>
Balance, December 25, 1994 $36 $23,031 $6,269 $(1,799) $27,537
Net loss - - (2,810) - (2,810)
--- ------- ------ --- ------- -------
Balance, December 31, 1995 36 23,031 3,459 (1,799) 24,727
Net income - - 467 - 467
Restricted stock - 8 - - 8
--- ------- ------ ------- -------
Balance, December 29, 1996 36 23,039 3,926 (1,799) 25,202
Net income - - 514 - 514
Restricted stock compensation - 4 - - 4
--- ------- ------ ------- -------
Balance, June 29, 1997 $36 $23,043 $4,440 $(1,799) $25,720
=== ======= ====== ======== =======
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
5
<PAGE> 6
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
<TABLE>
<CAPTION>
26 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Cash flows from operating activities:
Net income/(loss) $ 514 $ (151)
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 2,039 1,932
Loss on equity investment - 160
Changes in operating assets and liabilities:
(Increase)/decrease in accounts receivable (31) 36
Decrease in inventories 13 19
Increase in prepaid expenses and
other current assets (306) (117)
Increase in prepaid income taxes - (326)
(Increase)/decrease in other assets (70) 24
Decrease in accounts payable and
accrued expenses (67) (1,073)
Increase in income taxes payable 51 -
Decrease in deferred rent (213) (23)
Increase in other long term liability 53 -
------- -------
Net cash provided by operating activities 1,983 481
------- -------
Cash flows from investing activities:
Investment in partnership - (95)
Capital expenditures (1,382) (1,847)
------- -------
Net cash used for investing activities (1,382) (1,942)
------- -------
Cash flows from financing activities:
Principal payments of debt (25) (1,000)
------- -------
Net cash used for financing activities (25) (1,000)
------- -------
Net increase/(decrease) in cash and cash equivalents 576 (2,461)
Cash and cash equivalents at beginning of period 1,344 3,326
------- -------
Cash and cash equivalents at end of period $ 1,920 $ 865
======= =======
Supplemental disclosures of cash flow information:
Interest paid $ 344 $ 428
======= =======
Income taxes paid $ 287 $ 255
======= =======
</TABLE>
The accompanying notes are an integral part of these consolidated financial
statements.
6
<PAGE> 7
BACK BAY RESTAURANT GROUP, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE TWENTY-SIX WEEKS ENDED
JUNE 29, 1997 AND JUNE 30, 1996
NOTE 1 -- BASIS OF PRESENTATION
The preceding data is unaudited but, in the opinion of
management, includes all adjustments (consisting of normal
recurring accruals and deferrals) that management considers
necessary for a fair presentation of the financial position,
results of operations and cash flows for the interim periods
presented in accordance with generally accepted accounting
principles and practices consistently applied.
The results of operations for the twenty-six weeks ended June
29, 1997 and June 30, 1996 are not necessarily indicative of
the results that may be expected for the entire year, because
the Company's business is subject to seasonal influences.
NOTE 2 -- NEWLY ISSUED ACCOUNTING STANDARD
In February 1997, Statement of Financial Accounting Standards
Number 128, "Earnings Per Share" ("SFAS 128") was issued.
SFAS 128, which revises the traditional computation,
presentation and disclosure requirements for earnings per
share, is effective for financial statements issued for
periods ending after December 15, 1997. Adoption of SFAS 128
would not have a material impact on the Company's reported
earnings per share.
In June 1997 the FASB issued Statement No. 130, "Reporting
Comprehensive Income", which establishes standards for
reporting and display of comprehensive income and its
components (revenue, expenses, gains and losses) in a full
set of general-purpose financial statements. This Statement
requires that all items that are required to be recognized
under accounting standards as components of comprehensive
income be reported in a financial statement that is displayed
with the same prominence as other financial statements. This
Statement is effective for fiscal years beginning after
December 15, 1997. Management does not believe the
implementation of this Statement will have any significant
effect on the Company's financial statements.
In June 1997 the FASB issued Statement No. 131, "Disclosures
about Segments of an Enterprise and Related Information",
which establishes standards for the way public enterprises
report information about operating segments in annual
financial statements and requires that those enterprises
report selected information about operating segments in
interim financial reports issued to shareholders. It also
establishes standards for related disclosures about products
and services, geographic areas, and major customers. This
Statement requires that a public business enterprise report
financial and descriptive information about its reportable
operating segments, which are components of an enterprise
about which separate financial information is available that
is evaluated regularly by the chief operating decision maker
in deciding how to allocate resources and in assessing
performance. This Statement is effective for financial
statements for periods beginning after December 15, 1997.
Management is evaluating this Statement to determine what
information will be required to be disclosed.
7
<PAGE> 8
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
THIRTEEN WEEKS ENDED JUNE 29, 1997 COMPARED TO THIRTEEN WEEKS ENDED JUNE 30,
1996
The following table sets forth the percentage of net sales represented by
certain items included in the Company's income statements for the periods
indicated:
<TABLE>
<CAPTION>
13 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Sales 100.0% 100.0%
Costs and expenses:
Cost of sales 27.7 28.5
Payroll and related costs 31.4 31.9
Operating expenses 22.5 22.8
Depreciation and amortization 4.3 4.2
Total restaurant operating expenses 85.9 87.4
Income from restaurant operations 14.1 12.6
General and administrative expenses 9.4 10.6
Operating income 4.7 2.0
Interest expense net 0.7 0.8
Income before income taxes 4.0 1.2
Income taxes 1.5 0.4
Net income 2.5 0.8
Number of restaurants:
Restaurants open at beginning of period 34 33
Restaurants open at end of period 34 33
</TABLE>
8
<PAGE> 9
SALES
Sales increased by $1,957,000, or 8.8%, to $24,122,000 in the thirteen week
period ended June 29, 1997, from $22,165,000 in the same period in 1996. Same
store sales decreased $323,000, or 1.5%, in the thirteen week period ended June
29, 1997, compared to the same period in 1996.
The overall increase in sales in the thirteen weeks ended June 29, 1997
compared to the same period in 1996 was principally due to two new restaurants
which opened subsequent to June 30, 1996. The increase in sales from new stores
was approximately $2,487,000. This amount was partially offset by one store
which closed in June 1997. The decrease in sales from the closed store was
approximately $130,000.
The Company operated 34 restaurants at June 29, 1997, up from 33
restaurants at June 30, 1996. Total restaurant customer count for the thirteen
weeks ended June 29, 1997 increased 5.6% to 1,358,000 from 1,286,000 in the
comparable period in 1996.
COST OF SALES
Cost of sales as a percentage of sales decreased to 27.7% in the thirteen
week period ended June 29, 1997, from 28.5% in the same period in 1996. This
decrease was attributable to a 0.7% decrease in food cost as a percentage of
food revenue (29.6% in the 1997 period versus 30.3% in the 1996 period), and a
0.8% decrease in beverage cost as a percentage of beverage revenue (22.8% in the
1997 period versus 23.6% in the 1996 period). The food cost decreases were due
principally to price decreases in olive oil and pasta. The beverage cost
decreases were due principally to modest sales prices increases in selected
wines.
PAYROLL AND RELATED COSTS
Payroll and related costs as a percentage of sales decreased to 31.4% in
the thirteen weeks ended June 29, 1997, from 31.9% in the same period in 1996.
Payroll and related costs increased by $510,000 in the thirteen weeks ended June
29, 1997, to $7,569,000 from $7,059,000 in the same period in 1996. The increase
in dollars is primarily attributable to the Company having payroll for two new
restaurants which opened subsequent to June 30, 1996.
OPERATING EXPENSES
Operating expenses increased by $367,000 in the thirteen weeks ended June
29, 1997 to $5,430,000 from $5,063,000 in the same period in 1996. The increase
in operating expenses is primarily attributable to two new restaurants which
opened subsequent to June 30, 1996.
9
<PAGE> 10
DEPRECIATION AND AMORTIZATION
Depreciation and amortization increased by $108,000 in the thirteen weeks
ended June 29, 1997 to $1,042,000 from $934,000 in the same period in 1996. The
increase is principally attributable to two new restaurants which opened
subsequent to June 30, 1996. Included in the 1997 amortization is the
amortization of pre-opening costs of new restaurants opened during the prior
12-month period. The Company amortizes such pre-opening costs over the 12-month
period immediately following an opening or conversion.
GENERAL AND ADMINISTRATIVE EXPENSES
General and administrative expenses decreased by $74,000 in the thirteen
weeks ended June 29, 1997 to $2,274,000 from $2,348,000 in the same period in
1996. The decrease is primarily attributable to a decrease in insurance expense.
INTEREST EXPENSE
Interest expense decreased by $15,000 in the thirteen weeks ended June 29,
1997 to $166,000 from $181,000 in the same period in 1996. This decrease was
attributable to the Company having less borrowings at June 29, 1997 compared to
the same period in 1996.
INCOME TAXES
Income taxes increased by $253,000 in the thirteen weeks ended June 29,
1997 to $354,000 from $101,000 in the same period in 1996. The increased expense
in the thirteen weeks ended June 29, 1997 reflects the pre-tax income of
$956,000 as compared to the pre-tax income of $274,000 for the same period in
1996. The estimated effective tax rate was 37% for both periods.
10
<PAGE> 11
TWENTY-SIX WEEKS ENDED JUNE 29, 1997 COMPARED TO TWENTY-SIX WEEKS ENDED JUNE 30,
1996
The following table sets forth the percentage of net sales represented by
certain items included in the Company's income statements for the periods
indicated:
<TABLE>
<CAPTION>
26 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Sales 100.0% 100.0%
Costs and expenses:
Cost of sales 27.8 28.4
Payroll and related costs 32.5 32.6
Operating expenses 23.3 23.5
Depreciation and amortization 4.3 4.4
Total restaurant operating expenses 87.9 88.9
Income from restaurant operations 12.1 11.1
General and administrative expenses 9.6 10.8
Operating income 2.5 0.3
Interest expense net 0.7 0.9
Income/(loss) before income taxes 1.8 (0.6)
Income taxes 0.7 (0.2)
Net income/(loss) 1.1 (0.4)
Number of restaurants:
Restaurants open at beginning
of period 34 33
Restaurants open at end of period 34 33
</TABLE>
11
<PAGE> 12
SALES
Sales increased by $3,370,000, or 7.9%, to $46,018,000 in the twenty-six
week period ended June 29, 1997, from $42,648,000 in the same period in 1996.
Same store sales decreased $308,000, or 0.7%, in the twenty-six week period
ended June 29, 1997, compared to the same period in 1996.
The overall increase in sales in the twenty-six weeks ended June 29, 1997,
compared to the same period in 1996 was primarily attributable to sales from new
stores, which contributed $3,864,000. This amount was partially offset by one
store which closed in June 1997. The decrease in sales from the closed store was
approximately $130,000.
The Company operated 34 restaurants at June 29, 1997, up from 33
restaurants at June 30, 1996. Total restaurant customer count for the twenty-six
weeks ended June 29, 1997 increased 5.0% to 2,588,000 from 2,465,000 in the
comparable period in 1996.
COST OF SALES
Cost of sales as a percentage of sales decreased to 27.8% in the twenty-six
week period ended June 29, 1997, from 28.4% in the same period in 1996. This
decrease was attributable to a 0.7% decrease in food cost as a percentage of
food revenue (29.5% in the 1997 period versus 30.2% in the 1996 period), and a
0.6% decrease in beverage cost as a percentage of beverage revenue (23.1% in the
1997 period versus 23.7% in the 1996 period). The food cost decreases were due
principally to price decreases in olive oil, pasta and produce items. The
beverage cost decreases were due principally to modest sales price increases in
selected wines.
PAYROLL AND RELATED COSTS
Payroll and related costs as a percentage of sales decreased to 32.5% in
the twenty-six weeks ended June 29, 1997, from 32.6% in the same period in 1996.
Payroll and related costs increased by $1,085,000 in the twenty-six weeks ended
June 29, 1997, to $14,945,000 from $13,860,000 in the same period in 1996. The
increase in dollars is the result of the Company having payroll for two new
restaurants.
OPERATING EXPENSES
Operating expenses increased by $684,000 in the twenty-six weeks ended June
29, 1997 to $10,712,000 from $10,028,000 in the same period in 1996. The
increase in operating expenses is primarily attributable to the Company opening
two new restaurants.
12
<PAGE> 13
DEPRECIATION AND AMORTIZATION
Depreciation and amortization increased by $104,000 in the twenty-six weeks
ended June 29, 1997 to $1,994,000 from $1,890,000 in the same period in 1996.
The increase is principally attributable to two new restaurants which opened
subsequent to June 30, 1996. Included in the 1997 and 1996 amortization is the
amortization of pre-opening costs of new restaurants opened during the prior
12-month period. The Company amortizes such pre-opening costs over the 12-month
period immediately following an opening or conversion.
GENERAL AND ADMINISTRATIVE EXPENSES
General and administrative expenses decreased by $154,000 in the twenty-six
weeks ended June 29, 1997 to $4,440,000 from $4,594,000 in the same period in
1996. The decrease is primarily attributable to a decrease in insurance expense.
INTEREST EXPENSE
Interest expense decreased by $58,000 in the twenty-six weeks ended June
29, 1997 to $331,000 from $389,000 in the same period in 1996. This decrease was
attributable to the Company having less borrowings at June 29, 1997 compared to
the same period in 1996.
INCOME TAXES
Income taxes increased by $391,000 in the twenty-six weeks ended June 29,
1997 to an expense of $302,000 from a benefit of $89,000 in the same period in
1996. The increased expense in the twenty-six weeks ended June 29, 1997 reflects
the pre-tax income of $816,000 as compared to the pre-tax loss of $240,000 for
the same period in 1996. The estimated effective tax rate was 37% for both
periods.
LIQUIDITY AND CAPITAL RESOURCES
The Company, similar to many restaurant businesses, requires little or no
working capital because it does not have significant inventory or trade
receivables and receives several weeks of trade credit in purchasing food and
supplies. At June 29, 1997, the Company's cash position was $1,920,000 and the
Company had a net working capital deficit of $6,840,000.
The Company requires capital primarily for the development and construction
of new restaurants and the conversion of existing restaurants. In recent years,
the Company's primary sources of capital have been cash flow from its
operations, borrowings and landlord contributions to restaurant construction
costs. The Company intends to be very selective in its approval of sites for new
units and will be limiting the number of restaurant openings in 1997. The
Company expects to fund any capital expenditures for the remainder of 1997 from
internally generated cash. The Company believes that cash flow from operations
will be sufficient to meet future needs.
13
<PAGE> 14
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 2. CHANGES IN SECURITIES
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Company's 1997 Annual Meeting of Stockholders was held on
June 3, 1997. Present or represented at the meeting by proxy were
2,918,691 of the 3,434,032 shares eligible to vote at the
meeting. At the meeting, Charles F. Sarkis and Robert S. Parker
were re-elected as Class III directors to serve for a three year
term. There were 2,886,612 votes cast for Mr. Sarkis and 32,079
votes withheld. There were 2,886,512 votes cast for Mr. Parker
and 32,179 votes withheld.
ITEM 5. OTHER INFORMATION
None
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) EXHIBITS
--------
Exhibit 11 Computation of Earnings Per Share
Exhibit 27 Financial Data Schedule
(b) REPORTS ON FORM 8-K
-------------------
None
14
<PAGE> 15
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BACK BAY RESTAURANT GROUP, INC.
August 1, 1997 /s/ Francis P. Bissaillon
----------------------------------
Francis P. Bissaillon
Director, Executive Vice President
and Chief Financial Officer
August 1, 1997 /s/ Robert J. Ciampa
----------------------------------
Robert J. Ciampa
Vice President, Chief Accounting
Officer and Treasurer
15
<PAGE> 16
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
11 Computation of Earnings Per Share
27 Financial Data Schedule
16
<PAGE> 1
EXHIBIT 11
BACK BAY RESTAURANT GROUP, INC.
AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share data)
<TABLE>
<CAPTION>
13 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Net income $ 602 $ 173
===== =====
Weighted average number of common
shares outstanding 3,434 3,434
Add
Weighted average number of common
equivalent shares outstanding 2 2
----- -----
Weighted average number of common
and common equivalent shares
outstanding 3,436 3,436
===== =====
Net income per share $ .18 $ .05
===== =====
</TABLE>
17
<PAGE> 2
EXHIBIT 11
BACK BAY RESTAURANT GROUP, INC.
AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER SHARE
(in thousands, except per share data)
<TABLE>
<CAPTION>
26 WEEKS ENDED
JUNE 29, 1997 JUNE 30, 1996
------------- -------------
<S> <C> <C>
Net income/(loss) $ 514 $ (151)
===== ======
Weighted average number of common
shares outstanding 3,434 3,434
Add
Weighted average number of common
equivalent shares outstanding 1 2
----- ------
Weighted average number of common
and common equivalent shares
outstanding 3,435 3,436
===== ======
Net income/(loss) per share $ .15 $ (.04)
===== ======
</TABLE>
18
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF BACK BAY RESTAURANT GROUP, INC. FOR THE QUARTER ENDED
JUNE 29, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> DEC-28-1997
<PERIOD-START> DEC-30-1996
<PERIOD-END> JUN-29-1997
<CASH> 1,920,000
<SECURITIES> 0
<RECEIVABLES> 283,000
<ALLOWANCES> 0
<INVENTORY> 674,000
<CURRENT-ASSETS> 4,120,000
<PP&E> 56,576,000
<DEPRECIATION> 25,211,000
<TOTAL-ASSETS> 44,211,000
<CURRENT-LIABILITIES> 10,960,000
<BONDS> 7,531,000
0
0
<COMMON> 3,434,000
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 44,211,000
<SALES> 24,122,000
<TOTAL-REVENUES> 24,122,000
<CGS> 6,685,000
<TOTAL-COSTS> 20,726,000
<OTHER-EXPENSES> 2,274,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 166,000
<INCOME-PRETAX> 956,000
<INCOME-TAX> 354,000
<INCOME-CONTINUING> 602,000
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 602,000
<EPS-PRIMARY> .18
<EPS-DILUTED> .18
</TABLE>
