BENIHANA NATIONAL REPORTS FIRST QUARTER RESULTS
BENIHANA NATIONAL REPORTS FIRST QUARTER RESULTS MIAMI, Sept. 8 /PRNewswire/ -- Benihana National Corp.
(NASDAQ: BNHN), today reported results for the first quarter ended July 19, 1992.
BENIHANA NATIONAL CORPORATION Comparative Analysis (Unaudited) First quarter ended 7/19/92 7/21/91 Net restaurant sales $11,337,717 $11,362,718 Restaurant costs and expenses 10,221,813 10,288,741 Income before income taxes 311,646 167,681 Income tax provision 49,864 20,960 Net income 261,782 146,721 Net income per share .05 .03 Weighted average shares outstanding 5,730,748 5,729,111 "We are pleased with the company's increased profitability in the first quarter," Joel A. Schwartz, president, said. "Our policy of cost containment continues to benefit results of operations," he added. "The company recently opened a 160-seat Benihana restaurant in Schaumberg, Ill., a very attractive suburban market. Initial consumer response has been excellent," he concluded. Benihana National owns and operates 21 Teppanyaki-style Japanese restaurants and licenses two additional units. -0- 9/8/92 /CONTACT: Joel Schwartz of Benihana National Corporation, 305-593-0770/ (BNHN) CO: Benihana National Corp. ST: Florida IN: LEI SU: ERN
TS-OS -- NY009 -- 6828 09/08/92 08:47 EDT
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|Date:||Sep 8, 1992|
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