Buffets Holdings, Inc. Reports Same Store Sales for First Quarter and Fourth Accounting Period of Fiscal 2007.EAGAN, Minn. -- Buffets Holdings, Inc. ("Buffets Holdings"), the parent of Buffets, Inc. ("Buffets"), today reported a decrease 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 of -0.4% for the first quarter of its 2007 fiscal year (the twelve-week period ended September 20, 2006) as compared to the comparable period in the prior year. The company also reported a same store sales increase of approximately 1% for its fourth fiscal accounting period (the four-week period ended October 18, 2006) as compared to the comparable period in the prior year, in which same store sales were up 3.5%. The improvement in same store sales is attributed to favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. guest response to Buffets' fall "Steakhouse Classics" promotion and related advertising campaign, which was launched in the middle of the accounting period, as well as a decline in retail gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by prices. About Buffet Holdings Buffets currently operates 340 restaurants in 32 states comprised of 331 buffet restaurants and nine Tahoe Joe's Famous Steakhouse[R] restaurants. The buffet restaurants are principally operated under the 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] brands. Buffets also franchises eighteen buffet restaurants in seven states. |
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