Bayport Restaurant Group, Inc. Announces Record Fourth Quarter and 1995 Revenues; Same Store Sales Increase 3 percent for quarter, 7 percent for year.HOLLYWOOD Hollywood. 1 Community within the city of Los Angeles, S Calif., on the slopes of the Santa Monica Mts.; inc. 1903, consolidated with Los Angeles 1910. , Fla.--(BUSINESS WIRE)--March 29, 1996--Bayport Restaurant Group, Inc. today reported record revenues for the fourth quarter and for the year ended Dec. 25, 1995. Revenues for the quarter increased by 33.1 percent to $13,067,140, from $9,814,728 during the same period last year. For the full year, revenues increased 39.5 percent to $53.7 million, from $38.5 million last year. Net earnings for the fourth quarter were $47,372, versus a net loss of $120,781 in the prior year. Net earnings for the full year were $1,464,003 compared to $939,825 in the prior year, an increase of 55.8 percent ($.14 per share for 1995 compared to $.09 per share for 1994). Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased by 3 percent in the fourth quarter and 7 percent for the full year. Net earnings for the fourth quarter and year ended Dec. 26, 1994, included a one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. loss of approximately $240,000 as a result of the write-down Write-Down Reducing the book value of an asset because it is overvalued compared to the market value. Notes: This is usually reflected in the company's income statement as an expense, thereby reducing net income. and subsequent sale of the Company's interest in an intermediate term bond mutual fund Bond mutual fund A mutual fund which primarily or exclusively holds bonds. . No comparable loss was recorded during 1995. David J David J. Haskins (b. April 24, 1957, in Northampton, England) is a British alternative rock musician. He was the bassist for the seminal gothic rock band Bauhaus. Life and work . Connor Connor (from Conchobar, a Gaelic name meaning “Wolf Lover/Wolf Kin”[1], or "Dog Lover" [2]) may refer to: In geography:
Bayport Bayport may refer to a place in the United States:
Bayport Restaurant Group, Inc.
Three Months Ended Year Ended
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Dec. 25 Dec. 26 Dec. 25 Dec. 26
1995 1994 1995 1994
Revenues $13,067,140 $ 9,814,728 $53,677,809 $38,490,144 Earnings Before Income Taxes 4,208 (139,544) 2,150,619 1,333,520 Net Earnings $ 47,372 $ (120,781) $ 1,464,003 $ 939,825 Earnings Per Share $ .00 $ (.01) $ .14 $ .09 Weighted Average Number of Shares Outstanding 10,375,689 10,422,912 10,478,711 10,434,240 CONTACT: Bayport Restaurant Group, Inc. Lisa S. Gonzalez, 954/967-6700 (IR) |
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