Benihana National reports strong 3rd quarter 9 months gains.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. , Fla.--(BUSINESS WIRE)--Feb. 14, 1995--Benihana National Corp. (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 gains in sales and income for the three periods and ten periods ended Jan. 1, 1995. 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 Corp.
Comparative Analysis (Unaudited)
For the Three Periods Ended
1/1/95 1/2/94
Net restaurant sales $9,746,938 $9,408,703 Restaurant costs and expenses 8,556,082 8,401,185 Income before income taxes 569,590 317,634 Income tax provision 45,000 25,000 Net income 524,590 292,634 Net income per share $.09 $.05 Weighted average shares outstanding 5,738,256 5,732,032
For the Ten Periods Ended
1/1/95 1/2/94
Net restaurant sales $31,915,070 $31,251,408 Restaurant costs and expenses 28,602,801 27,913,721 Income before income taxes 1,231,163 791,920 Income tax provision 98,000 63,000 Net income 1,133,163 728,920 Net income per share $.20 $.13 Weighted average shares outstanding 5,738,256 5,732,032 "Net restaurant sales climbed nearly four percent in the third quarter and more than two percent for the 10 periods despite the absence of revenues from a restaurant in Farmington Farmington. 1 Town (1990 pop. 20,608), Hartford co., central Conn., on the Farmington River; inc. 1645. It is mainly residential with some light industries. The town has a private girls' school and the Univ. , Conn., which was closed in December December: see month. 1993," Joel Joel, book of the Bible Joel, prophetic book of the Bible. It is a collection of the oracles of an otherwise unknown prophet, dated variously from the 9th to the 3d cent. B.C., though a date in c.400 B.C. is likely. Schwartz Schwartz is a Canadian spices brand. It is also a common surname and may refer to:
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 rose six percent for the third quarter and nearly five percent for the 10 periods, reflecting a continuing strengthening of the economy and the effectiveness of our advertising and promotion campaigns," Schwartz concluded. Benihana National owns and operates 20 Teppanyaki-style restaurants and licenses three additional units. In January 1995, the company entered into a definitive agreement for a plan of reorganization under which it will acquire 17 privately-owned and four licensed Benihana of Tokyo restaurants in the U.S. CONTACT: Benihana National Corp. Joel Schwartz, 305/593-0770 or Porter LeVay & Rose Inc. Hal LeVay, 212/564-4700 |
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