BLIMPIE International reports first quarter results.NEW YORK--(BUSINESS WIRE)--Nov. 7, 1995--BLIMPIE International Inc. (Nasdaq/NM:BMPE BMPE Black Market Peso Exchange ) today announced revenues and net income for its first fiscal quarter ended Sept. 30, 1995. The company's revenues rose 34% to $7,991,547 and net income increased 36% to $784,463 as compared with the quarter ended Sept. 30, 1994. Earnings per share rose to 9 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. as compared to 7 cents per share for the quarter ended Sept. 30, 1994. The rise in earnings is a direct result of increases in continuing fees due to the growth in the company's restaurant base. BLIMPIE Blimpie is a fast-food submarine sandwich chain headquartered in Scottsdale, Arizona, and is the third largest sandwich chain in the United States, behind Subway and Quiznos. The company is owned by Kahala•Cold Stone Corp. International Inc. recently opened its first outlet outside of U.S. borders. On August 22, the first BLIMPIE sandwich was served in Stockholm Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. . The location is operated by Pressbryan, a 400 unit convenience store chain. The company's goals for fiscal 1996 include opening additional traditional restaurant locations and vigorously developing new-concept restaurant locations which include convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , college campuses, hospitals and sports arenas. BLIMPIE International Inc. is the world's second largest submarine submarine, naval craft capable of operating for an extended period of time underwater. Submarines are almost always warships, although a few are used for scientific or business purposes (see also submersible). sandwich chain with outlets operating in 44 states and Sweden. BLIMPIE International Inc. is currently opening new outlets at the rate of 45 per month. The chain was founded in 1964 and has posted seven consecutive years of record sales and earnings. For more information, contact Robert Sitkoff Robert H. Sitkoff (b. 1974) is the John L. Gray Professor of Law at Harvard Law School, where he is the only faculty member specializing in trusts and estates ("T&E").[1] at BLIMPIE International Inc., 800/447-6256, extension 11. -0-
BLIMPIE International Inc.
Consolidated Statement of Operations:
Three Months Ended
Sept. 30
1995 1994
Revenues 7,991,547 5,950,828 Expenses 6,685,084 4,983,198 Income before income taxes 1,306,463 967,630 Income taxes 522,000 392,000 Net income 784,463 575,630 Earnings per share .09 .07 Outstanding shares 9,452,026 8,561,876 Consolidated Balance Sheet Information:
Sept. 30, June 30,
1995 1995
Current assets 8,759,170 8,026,319 Property 820,542 692,579 Other assets 9,993,587 6,532,607 Assets 19,573,299 15,251,505 Current liabilities 4,460,176 5,292,771 Deferred revenue 2,412,420 2,638,019 Long term debt 12,066 12,738 Shareholder's equity 12,688,637 7,307,977 Liabilities and shareholder's equity 19,573,299 15,251,505 CONTACT: Kirshenbaum Bond & Partners, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Janina Lieberson, 212/633-0080 |
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