Benihana Reports Quarter/Half Year Gains Again; Net Income Rises 22.1% for Quarter, 19.1% for Year to Date.MIAMI--(BUSINESS WIRE)--Nov. 4, 1996--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 ,NM: BNHN, BNHNA), today reported results for the three periods and seven periods ended Oct. 13, 1996. The company's fiscal year consists of 13 four-week accounting periods. For the quarter ended Oct. 13, 1996 net income rose 22.1 percent to $841,000 or 13 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. from $689,000 or 11 cents per share for the same period last year. Revenues rose 8.3 percent to $19,176,000 from $17,699,000 for the comparable quarter of fiscal 1996. Net income for the seven periods increased 19.1 percent to $2,144,000 or 34 cents per share from $1,800,000 or 29 cents per share for the prior year's period. Revenues were up 8.2 percent to $44,781,000 from $41,370,000 for the fiscal 1996 period. 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. A. Schwartz Schwartz is a Canadian spices brand. It is also a common surname and may refer to:
The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. benefits in the previous fiscal year. Pre-tax pre-tax adj → anterior al impuesto pre-tax adj → avant impôt(s) pre-tax adj → al lordo d'imposta income for the second quarter increased 39.3 percent to $1,236,000," he noted. "We are pleased with the results and optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the remainder of the year," Schwartz concluded. -0-
BENIHANA INC.
Financial Highlights (Unaudited)
For the Second Quarter Ended For the Seven Periods Ended
10/13/96 10/8/95 10/13/96 10/8/95
Revenues $19,176,000 17,699,000 $44,781,000 $41,370,000
Gross profit 14,186,000 12,940,000 33,071,000 29,998,000
Pre tax income 1,236,000 887,000 3,152,000 2,389,000
Net income 841,000 689,000 2,144,000 1,800,000
Earnings per share $.13 $.11 $.34 $.29
Average shares
and
equivalents 6,096,625 5,982,727 6,074,660 5,982,727
CONTACT: BENIHANA INC. Joel Schwartz & Michael Burris (305) 593-0770 or Porter, Le Vay & Rose, Inc. L.B. Stauffer or Lore Croghan Vice President Media Consultant (212) 564-4700 |
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