BUCA, Inc. Announces Second Quarter 2008 Comparable Restaurant Sales Decreased 5.1%.MINNEAPOLIS -- BUCA BUCA Blue Cross, United, Cigna, Aetna (Healthcare providers) BUCA Constructionman Apprentice, Builder Striker (Naval Rating) , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BUCA) today announced that Buca di Beppo Buca di Beppo is an American restaurant chain specializing in immigrant Southern Italian food. The name roughly translates as "Joe's Basement" (Beppo is slang for Joe in Southern Italy and Buca means basement (literally it means "hole") in Italian). comparable restaurant sales decreased 5.1% for the second quarter of fiscal 2008 as compared to the same period last year. The Company also announced that preliminary total revenue decreased 6.8% in the second fiscal quarter to approximately $57.9 million as compared to $62.1 million in the same period of the prior year. The difference between the comparable restaurant sales decrease and the preliminary total revenue decrease was due to the closure of three underperforming restaurants since the beginning of the second fiscal quarter of 2007. For the first two quarters of fiscal 2008, Buca di Beppo comparable restaurant sales decreased 3.8% as compared to the same period last year. The Company also announced that preliminary total revenue decreased 5.6% in the first two quarters of fiscal 2008 to approximately $118.0 million as compared to $124.9 million in the same period of the prior year. The difference between the comparable restaurant sales decrease and the preliminary total revenue decrease was due to the closure of four underperforming restaurants since the beginning of fiscal 2007. About the Company: BUCA, Inc. owns and operates 89 highly acclaimed ac·claim v. ac·claimed, ac·claim·ing, ac·claims v.tr. 1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise. 2. Italian restaurants under the name Buca di Beppo in 25 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . |
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