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▪	Restaurant sales decreased 2.8% to $168.6 million from $173.5 million;

▪	Comparable restaurant sales decreased 2.0% compared to a 1.4% increase in the prior year period;

▪	Net loss was reduced to $1.9 million, or $0.06 per diluted share, compared to a net loss of $3.5 million, or $0.15 per diluted share, in the prior year period;

▪	The net loss included impairment and other lease charges in both years. Such charges totaled $0.4 million ($0.01 per diluted share after tax) in the second quarter of 2014 and $2.2 million ($0.06 per diluted share after tax) in the prior year period;

▪	Restaurant-Level EBITDA (a non-GAAP financial measure) totaled $19.7 million compared to $19.6 million in the prior year period, and Restaurant-Level EBITDA margin increased 38 basis points; and

▪	Adjusted EBITDA (a non-GAAP financial measure) increased $0.9 million to $11.4 million from $10.4 million in the prior year period. (Please refer to the reconciliation of Adjusted EBITDA to net loss and Restaurant-Level EBITDA to income (loss) from operations in the tables at the end of this release).

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▪	Total restaurant sales of $665 million to $675 million including a comparable restaurant sales change of (1%) to 0%;

▪	A commodity cost increase of 3% to 4% due to higher than expected ground beef costs, compared to 2.0% to 3.0% previously estimated;

▪	General and administrative expenses of approximately $37 million to $39 million (excluding stock compensation costs) compared to $39 million to $41 million previously estimated;

▪	Adjusted EBITDA of $36 million to $40 million;

▪	An effective income tax benefit of 33% to 35% which could increase if the Work Opportunity Tax Credit is reinstated and extended;

▪	Capital expenditures, excluding acquisitions, of approximately $51 million to $54 million, including $38 million to $40 million for remodeling a total of 100 to 110 restaurants and $4 million for costs to scrape and rebuild three restaurants compared to total capital expenditures of $42 million to $47 million previously estimated;

▪	Cash expenditures totaling approximately $11.5 million (excluding inventory) for the purchase of the 29 BURGER KING® restaurants that have been completed through July 2014; and

▪	15 to 20 restaurant closures, including nine units that were closed during the first half of the year.

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(a)	The Company uses a 52 or 53 week fiscal year that ends on the Sunday closest to December 31. The three and six months ended June 29, 2014 and June 30, 2013 each included thirteen and twenty-six weeks, respectively.

(b)

General and administrative expenses include stock-based compensation expense of $291 and $296 for the three months ended June 29, 2014 and June 30, 2013, respectively, and $587 and $597 for the six months ended June 29, 2014 and June 30, 2013, respectively. General and administrative expenses for the six months ended June 30, 2013 included $85 of costs related to the Company's litigation with the EEOC that was settled in January 2013.

(c)	Shares issuable for convertible preferred stock and non-vested restricted stock were not included in the computation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented.

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(a)	Acquired BKC restaurants represent the restaurants acquired from Burger King Corporation on May 30, 2012. Legacy restaurants refer to the Company's Burger King restaurants other than the acquired BKC restaurants.

(b)	Restaurants are generally included in comparable restaurant sales after they have been open or owned for 12 months.

(c)

EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Restaurant-Level EBITDA, and Restaurant-Level EBITDA margin are non-GAAP financial measures and may not necessarily be comparable to other similarly titled captions of other companies due to differences in methods of calculation. Refer to the Company's reconciliation of EBITDA and Adjusted EBITDA to net loss and to the Company's reconciliation of Restaurant-Level EBITDA to income (loss) from operations for further detail. Both Adjusted EBITDA margin and Restaurant-Level EBITDA margin are calculated as a percentage of total restaurant sales.

(d)	Average weekly restaurant sales are derived by dividing restaurant sales by the average number of restaurants operating during the period.

(e)	Represents restaurant expenses as a percentage of sales for the respective group of restaurants.

(f)

Long-term debt (including current portion) at June 29, 2014 included $150,000 of the Company's 11.25% Senior Secured Second Lien Notes, $1,201 of lease financing obligations and $7,788 of capital lease obligations. Long-term debt (including current portion) at December 29, 2013 included $150,000 of the Company's 11.25% Senior Secured Second Lien Notes, $1,200 of lease financing obligations and $9,336 of capital lease obligations.

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(a)

Within our press release, we make reference to EBITDA, Adjusted EBITDA and Restaurant-Level EBITDA which are non-GAAP financial measures. EBITDA represents net income (loss) from operations, before benefit for income taxes, interest expense and depreciation and amortization. Adjusted EBITDA represents EBITDA as adjusted to exclude impairment and other lease charges, EEOC litigation and settlement costs and stock compensation expense. Restaurant-Level EBITDA represents income (loss) from operations before general and administrative expenses, depreciation and amortization, impairment and other lease charges, and other income and expense.