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Benihana National reports 2nd quarter gains.


MIAMI--(BUSINESS WIRE)--Nov. 28, 1994--Benihana National Corporation (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
: BNHN, BNHNA), today reported results for the three periods and seven periods ended Oct. 9, 1994.

The company's fiscal year consists of 13 four-week accounting periods ending on the Sunday Sunday: see Sabbath; week.  nearest March 31. -0-

                      Benihana National Corporation
                          Comparative Analysis
                              (Unaudited)


                                    For the Three Periods Ended
                                    10/9/94            10/10/93

Net restaurant sales                $9,466,855       $9,512,306
Restaurant costs and expenses        8,619,709        8,396,147
Loss on disposition of restaurant           --          338,867
Income before income taxes             243,495          125,086
Income tax provision                    20,000           10,000
Net income                             223,495          115,086
Net income per share                $      .04       $      .02

Weighted average shares outstanding  5,732,111        5,732,050


                                    For the Seven Periods Ended
                                    10/9/94            10/10/93

Net restaurant sales               $22,168,132      $21,842,705
Restaurant costs and expenses       20,046,719       19,512,536
Loss on disposition of restaurant           --          338,867
Income before income taxes             661,573          474,286
Income tax provision                    53,000           38,000
Net income                             608,573          436,286
Net income per share               $       .11      $       .08

Weighted average shares outstanding  5,732,111        5,732,050
-0-

    "The small decline in net restaurant sales for the second
quarter reflects the closing of the Farmington, CT., restaurant.
However, same restaurant sales for the second quarter rose about two
percent and for the half-year increased four percent," Joel
Schwartz, president said.
    "We are optimistic about the balance of fiscal 1995, based on a
continuing improvement in the economic climate and the steady rise
in our loyal customer base," he concluded.
    Benihana National owns and operates 20 Teppanyaki-style
restaurants and licenses three additional units.



CONTACT: Benihana Benihana Can refer to:
  • Benihana (restaurant) Benihana's Hibachi Restaurant
  • Benihana (skateboarding trick)
  • Benihana, The Japanese word for safflower
 National Corporation, Miami
              Joel Schwartz, 305/593-0770
                          or
              Porter, Le Vay & Rose Inc., New York
              Hal Le Vay, 212/564-4700
COPYRIGHT 1994 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1994, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 28, 1994
Words:304
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