Buffets, Inc. Announces Change in Fiscal Year and Conference Call to Discuss Second Quarter Financial Results.Business Editors EAGAN, Minn.--(BUSINESS WIRE)--Aug. 30, 2002 Buffets, Inc. (the "Company") today announced that it has changed its fiscal year to end on the Wednesday nearest June 30, resulting in a 2002 fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. date of July 3, 2002. Previously, the Company's fiscal year had ended on the Wednesday nearest December 31. The 2002 fiscal year consists of 26 weeks. The Company will continue utilizing a 52-53 week reporting convention with fiscal years consisting of 13 four-week periods. The Company's first, second and fourth quarters will each consist of 12 weeks, while the third quarter will consist of 16 weeks. Based on this reporting convention, the Company's fiscal year 2003 quarter-ends will be as follows: First quarter September 25, 2002 Second quarter December 18, 2002 Third quarter April 9, 2003 Year-end July 2, 2003 The Company also announced that it would be conducting a conference call to discuss operating results for the quarter ended July 3, 2002 (10 weeks) on Friday, September 6, 2002 at 11:00 EST EST electroshock therapy. EST abbr. electroshock therapy . The procedure for participating in this call is as follows: -- You may call in starting at 10:45 a.m. (Eastern Standard Time) -- The conference phone number is 1-888-228-7864 -- The conference ID number is 5228086 and the conference call leader is Kerry Kramp of Buffets, Inc. -- In consideration of your fellow participants, the Company requests that cellular phones not be used The conference call will be recorded and available for playback Playback could mean:
Buffets, Inc. currently operates 393 restaurants in 36 states (371 buffet A buffet is a meal serving system where patrons serve themselves. It is a popular method of feeding large numbers of people with minimal staff. The term is also used to describe a sideboard, an antique form of furniture which was sometimes used to offer the dishes of a buffet meal restaurants, principally as Old Country Buffet Old Country Buffet is a buffet-style, sit-down restaurant chain headquartered in Eagan, Minnesota with locations throughout the United States. Menu Items Old Country Buffet restaurants feature a wide spread of menu items, in the following categories: Its wide selection of food include pizza, hot dogs, hot wings, sliced ham among many others. (R), 14 Original Roadhouse road·house n. An inn, restaurant, or nightclub located on a road outside a town or city. roadhouse Noun a pub or restaurant at the side of a road Noun 1. Grill(SM) restaurants and eight Tahoe Joe's Famous Steakhouse(R) restaurants) and franchises 23 buffet restaurants in ten states. |
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