Boston Restaurant Associates, Inc. reports December sales for its Pizzeria Regina chain.BOSTON--(BUSINESS WIRE)--Jan. 9, 1996--BOSTON RESTAURANT ASSOCIATES, 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 : BRAI, BRAIW) (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). : BNR, BNRW) announces December sales for its chain of seven Pizzeria Regina's. While the northeast experienced the softest Christmas sales in the nation, the Pizzeria Regina chain realized a 3% increase in same store sales Same Store Sales 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 . Many retailers and malls saw negative same store sales as high as 7.9%. George R. Chapdelaine, 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. of BOSTON RESTAURANT ASSOCIATES, INC., states, "I believe this increase is an indication of the strength of the Pizzeria Regina concept and its viability for the future." BOSTON RESTAURANT ASSOCIATES, INC. owns and operates a chain of seven pizzerias under the name Pizzeria Regina and two Italian restaurants named Bel Canto and Polcari's North End. The restaurants are located in the Boston area. CONTACT: GEORGE R. CHAPDELAINE (617) 720-5684 LEONARDO ZANGANI (908) 788-9660 |
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