The Lafayette-based owner and franchisor of the Dick’s Wings & Grill restaurant chain
reported a $40,398 profit for the second quarter, compared to a loss of $52,548 a year ago.
ARC Group Inc. said its second-quarter revenue increased 78 percent to $244,990 from $137,306.
“Royalties from our franchisees, supported by several new restaurant openings, continue to drive revenue growth,” said Richard W. Akam, chief executive officer of ARC Group. “Our revenue growth, combined with stabilized operating expenses, helped us achieve net income from operations of $40,398 — a tremendous accomplishment for the company.”
Dick’s Wings has 16 restaurants in Florida, four in Georgia and two concession stands at EverBank Field, home of the NFL’s Jacksonville Jaguars.