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Benihana Inc. Reports 7.9% Increase in Second Quarter Comparable Sales; Total Revenues for Period Advanced 13.6%, to $54.3 Million.


MIAMI Miami, cities, United States
Miami (mīăm`ē, –ə).

1 City (1990 pop. 358,548), seat of Dade co., SE Fla., on Biscayne Bay at the mouth of the Miami River; inc. 1896.
 -- Benihana 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
:BNHNA and BNHN), operator of the nation's largest chain of Japanese and sushi theme restaurants, today announced a 7.9% increase in company-wide comparable sales for the twelve-week second quarter which ended October 9, 2005. Total revenues increased 13.6%, to $54.3 million over the corresponding year-ago second fiscal quarter.

"This strong performance is especially significant since it fundamentally reflected increased customer traffic at all our concept restaurants despite a number of cross currents in the economy including decreases in the consumer confidence index Consumer Confidence Index

A measure of consumer views regarding the current economic situation and consumer expectations for the future. Information for the index is compiled and released on the last Tuesday of each month by the Conference Board, an
, higher energy costs and the hurricanes in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico
Golfo de Mexico

Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east
. Due to temporary closures in the South Florida and Houston markets as a result of Hurricanes Katrina and Rita, a total of 22 restaurant operating days were lost during the quarter. All geographic segments contributed to the gains in comparable sales with no significant menu price increases," said Joel A. Schwartz, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

Comparable sales growth at the teppanyaki restaurants was 6.4% and is lapping the price increases of 2.5% to 3.0%, instituted in the second fiscal quarter of last year. Average menu price increases in the recent quarter were under 1%, resulting primarily from spot increases in the new menus that accompany the new POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 system rollout in the Company's restaurants. RA Sushi comparable sales rose 29.8% and for Haru comparable sales gained 1.7%. At the one Doraku unit, comparable sales increased 38.9%,

Comparable customer counts nationwide for all concepts increased 5.1%. Comparable sales rose in every geographic region in which the Company operates.

The Company reported that commodity prices continued to not have a significant impact during the quarter, and that the rollout of the aforementioned POS system was contributing to increasingly effective cost controls.

About Benihana

Benihana, now in its 41st year operates 72 restaurants nationwide, including 56 Benihana teppanyaki restaurants, seven Haru sushi restaurants, eight RA Sushi Bar Noun 1. sushi bar - a bar where sushi is served
bar - a counter where you can obtain food or drink; "he bought a hot dog and a coke at the bar"
 Restaurants and one Doraku restaurant. Under development at present are eight restaurants - two Benihana teppanyaki restaurants and six RA Sushi restaurants. In addition, a total of 21 franchised Benihana teppanyaki restaurants are now open or under development in the U.S. and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. .

Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, together with other statements that are not historical facts, are "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" as that term is defined under Federal Securities Laws. "Forward-looking statements" are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. Such risks, uncertainties and factors include, but are not limited to, changes in customers' tastes and preferences, acceptance of the Company's concepts in new locations, obtaining qualified personnel, industry cyclicality, fluctuations in customer demand, the seasonal nature of the business, fluctuations of commodities costs, the ability to complete construction of new units in a timely manner, obtaining governmental permits on a reasonably timely basis, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this press release, including the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 commenced by Benihana of Tokyo, Inc.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Comment:Benihana Inc. Reports 7.9% Increase in Second Quarter Comparable Sales; Total Revenues for Period Advanced 13.6%, to $54.3 Million.
Publication:Business Wire
Geographic Code:1USA
Date:Oct 17, 2005
Words:547
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