Bayport Restaurant Group announces first quarter results; revenues increase 37%; same store sales increase 8%.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)--April 17, 1995--Bayport Restaurant Group Inc. ("Bayport Bayport may refer to a place in the United States:
Revenues for the quarter increased by 37% to $12,428,946, from the $9,097,146 in revenues recorded during the same period last year. 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 8% from period to period. Pre-tax earnings for the quarter increased by 28% to $901,123 from the $705,799 recorded last year. Net earnings for the period were $594,741, an increase of 17% from the $508,175 in net earnings recorded in the same period last year. During the 1995 quarter, income tax expense increased to an effective rate of 34%, compared to the 28% effective tax rate recorded for the quarter last year. Earnings per share increased by 20% to 6 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. for the quarter, compared to the 5 cents recorded last year. 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, chief executive officer, commenting on the results said, "We are pleased to be able to report our 13th consecutive quarter of record revenues and operating results as well as a continuation of our strong same store sales growth." Connor added, "Our expansion program is proceeding on schedule and we expect to open three Crab House Restaurants and two Captain Crab's Take-Aways during the next three months. Bayport Restaurant Group Inc. owns and operates 10 Crab House Seafood Restaurants, three Captain Crab's Take-Aways and a seafood processing plant. -0-
BAYPORT RESTAURANT GROUP INC.
Three Months Ended
March 27, 1995 March 28, 1994
Revenues $ 12,428,946 $ 9,097,146 Earnings Before Income Taxes 901,123 705,799 Provision for Income Taxes 306,382 197,624 Net Earnings 594,741 508,175 Earnings Per Share 0.06 0.05 Weighted Average Number of Shares Outstanding 10,400,650 10,439,000 CONTACT: Radcliffe & Associates Inc., 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 Donald Radcliffe, 212/605-0599 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion