Chart House earnings up for fourth quarter and year.SOLANA Solana is the Spanish word for the sunny side of a mount or valley. It can refer to:
See: New York Stock Exchange :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist ) announced an increase in earnings for the fourth quarter and year ended Dec. 31, 1994. Net income for the fourth quarter was $501,000, or 6 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. , on revenues of $43.3 million. Net income for the fourth quarter of 1993 was $246,000, or 3 cents per share, on revenues of $37.3 million. Included in net income for the fourth quarter of 1993 was an extraordinary charge of $172,000, or 2 cents per share, related to the refinancing Refinancing An extension and/or increase in amount of existing debt. of debt. Net income for the year ended Dec. 31, 1994, was $4.3 million, or 52 cents per share, on revenues of $174.9 million. Net income for 1993 was $4 million, or 48 cents per share, on revenues of $157.1 million. The $172,000 extraordinary charge is included in net income for 1993. The company opened two Islands restaurants during the fourth quarter, in Davie, Florida Davie is a town in Broward County, Florida, United States. In 2006, the U.S. Census Bureau estimated the city's population at 84,350.[3] It is part of the South Florida metropolitan area, which is home to 5,463,857 people. , and Vista, Calif., and sold three Cork 'N Cleaver restaurants. Chart House Enterprises operates 83 restaurants, including 65 Chart Houses, 10 Islands, six Paradise Paradise, town, United States Paradise, uninc. town (1990 pop. 25,406), Butte co., N central Calif., in the foothills of the Sierra Nevada range. It is mainly residential with a growing population. Bakeries, one Peohe's and one Quahogs. The company's franchisees operate an additional 44 Paradise Bakeries. The company has exclusive rights to develop and operate Islands restaurants under a license granted by the owners of the Islands concept and manages 15 Islands restaurants owned by the licensor. -0-
CHART HOUSE ENTERPRISES INC.
SUMMARY RESULTS OF OPERATIONS
(In Thousands, Except Per-Share Data)
Fourth Quarter Ended
Dec. 31,
1994 1993
Revenues $43,284 $37,319 Restaurant expenses 37,050 32,265 Income from restaurant operations $ 6,234 $ 5,054 Selling, general and administrative expenses 4,212 3,013 Interest expense 1,248 1,308 Income before income taxes and extraordinary item $ 774 $ 733 Provision for income taxes 273 315 Income before extraordinary item 501 418 Extraordinary item, net -- (172) Net income $ 501 $ 246 Income per common share before extraordinary item 6 cents 5 cents Extraordinary item -- (2 cents) Net income per common share 6 cents 3 cents Weighted average shares outstanding 8,295 8,292
Year Ended
Dec. 31,
1994 1993
Revenues $174,940 $157,137 Restaurant expenses 147,743 133,092 Income from restaurant operations $ 27,197 $ 24,045 Selling, general and administrative expenses 16,072 11,644 Interest expense 4,527 5,174 Income before income taxes $ 6,598 $ 7,227 Provision for income taxes 2,312 3,080 Income before extraordinary item 4,286 4,147 Extraordinary item, net -- (172) Net income $ 4,286 $ 3,975 Income per common share before extraordinary item 52 cents 50 cents Extraordinary item, net -- (2 cents) Net income per common share 52 cents 48 cents Weighted average shares outstanding 8,292 8,285 CONTACT: Chart House Enterprises Inc., Solana Beach Harold Harold, 1022?–1066, king of England (1066). The son of Godwin, earl of Wessex, he belonged to the most powerful noble family of England in the reign of Edward the Confessor. Through Godwin's influence Harold was made earl of East Anglia. E. Gaubert Jr., 619/755-8281 |
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