Chart House third-quarter earnings.SOLANA BEACH, Calif.--(BUSINESS WIRE)--Oct. 20, 1995--Chart House Enterprises Inc. (NYSE NYSE 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 net income for the third quarter ended Sept. 30, 1995, of $1.74 million, or 21 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. , compared with $1.67 million, or 20 cents per share, for the third quarter of 1994. Third-quarter revenues were $47.3 million in 1995 up from $46.3 million for the third quarter of 1994. Net income for the nine months ended Sept. 30, 1995, was $4.2 million, or 50 cents per share, on revenues of $136.7 million. Net income for the same period last year was $3.8 million, or 46 cents per share, on revenues of $131.7 million. The company opened two Islands restaurants during the third quarter in Chino Chino (chē`nō), city (1990 pop. 59,682), San Bernardino co., S Calif.; founded 1887, inc. 1910. It is the business and processing center of a diversified farming (notably dairying) area. and Palm Desert, Calif., and in September closed its Quahogs restaurant in Warwick, R.I., pending a review of alternative uses for the restaurant property. The St. Croix and St. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Chart House restaurants in the U.S. Virgin Islands have suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. operations for an indefinite INDEFINITE. That which is undefined; uncertain. INDEFINITE, NUMBER. A number which may be increased or diminished at pleasure. 2. When a corporation is composed of an indefinite number of persons, any number of them consisting of a majority of those period as a result of storm damage from Hurricane Marilyn Hurricane Marilyn was the fifteenth tropical depression and thirteenth named storm of the unusually busy 1995 Atlantic hurricane season, following closely on the heels of Hurricane Luis. Hurricane Marilyn was the worst storm to hit the Virgin Islands since Hurricane Hugo of 1989. . The company carries property damage and business interruption insurance Noun 1. business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril , which should adequately cover the financial loss resulting from the hurricane. Clucker's Wood Roasted roast v. roast·ed, roast·ing, roasts v.tr. 1. To cook with dry heat, as in an oven or near hot coals. 2. To dry, brown, or parch by exposing to heat. 3. Chicken Inc. elected to extend the closing date for its purchase of Paradise Bakery Inc. from the company and the transaction now is expected to close in early November. Chart House Enterprises operates 87 restaurants, including 65 Chart Houses, 14 Islands, seven Paradise Bakeries and one Peohe's. 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 owner 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)
Third Quarter Ended
Sept. 30,
1995 1994
Revenues $47,332 $46,277 Restaurant expenses 40,014 38,572 Income from restaurant operations $ 7,318 $ 7,705 Selling, general and administrative expenses 3,597 4,079 Interest expense 1,194 1,109 Income before income taxes $ 2,527 $ 2,517 Provision for income taxes 784 847 Net income $ 1,743 $ 1,670 Net income per common share 21 cents 20 cents Weighted average shares outstanding 8,276 8,290
Nine Months Ended
Sept. 30,
1995 1994
Revenues $136,667 $131,656 Restaurant expenses 115,573 110,693 Income from restaurant operations $ 21,094 $ 20,963 Selling, general and administrative expenses 11,425 11,860 Interest expense 3,618 3,279 Income before income taxes $ 6,051 $ 5,824 Provision for income taxes 1,879 2,039 Net income $ 4,172 $ 3,785 Net income per common share 50 cents 46 cents Weighted average shares outstanding 8,276 8,289 CONTACT: Chart House Enterprises Inc., Solana Beach Harold E. Gaubert Jr., 619/755-8281 or Booke and Co., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Stephen B. Booke, 212/490-9095 |
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