Benihana reports a 35% increase in fiscal 1995 net income.MIAMI--(BUSINESS WIRE)--June 6, 1995--Benihana Inc. 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 revenues and earnings for the three four-week periods and fiscal year ended March 26, 1995. The newly-formed company owns and operates 37 Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and teppanyaki-style restaurants and licenses seven others following the May 1995 combination of operations of Benihana Benihana Can refer to:
Benihana Inc.
Comparative Analysis (Unaudited)
For the Three Periods Ended
3/26/95(a) 3/27/94(a)
Net restaurant sales $17,629,866 $16,512,091 Other income 150,309 139,244 Total revenues 17,780,175 16,651,335 Restaurant costs and expenses 15,516,371 15,020,710 Income before income taxes 499,696 323,786 Income tax benefit (384,941) (519,725) Net income 884,637 843,511 Pro forma net income per share $.14 $.13 Weighted average shares outstanding 5,866,649 5,808,955 (a) Includes the combined operations of Benihana National Corp. and the 21 owned or licensed restaurants acquired from Benihana of Tokyo Inc.
Benihana Inc.
Comparative Analysis
For the Year Ended
3/26/95(a) 3/27/94(a)
Net restaurant sales $72,771,926 $69,315,065 Other income 491,991 450,280 Total revenues 73,263,917 69,765,345 Restaurant costs and expenses 64,763,973 62,353,023 Income before income taxes 2,518,860 1,615,780 Income tax benefit (232,000) (423,220) Net income 2,750,860 2,039,000 Pro forma net income per share $.42 $.30 Weighted average shares outstanding 5,866,649 5,808,955 (a) Includes the combined operations of Benihana National Corp. and the 21 owned or licensed restaurants acquired from Benihana of Tokyo Inc. 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:
adj. Influencing or applying to a period prior to enactment: a retroactive pay increase. [French rétroactif, from Latin restated to include the accounts of Benihana National Corp., as well as the restaurants acquired from Benihana of Tokyo Inc. "We are optimistically op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op looking to the future with the expanded resources that are now available to us, including a presence in several of the nation's major markets where we had not previously operated," Schwartz concluded. CONTACT: Benihana Inc. Joel Schwartz or Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Burris, 305/593-0770 or Porter LeVay & Rose Inc. Hal LeVay, 212/564-4700 |
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