Printer Friendly

BENIHANA NATIONAL REPORTS SECOND QUARTER/HALF-YEAR RESULTS

 BENIHANA NATIONAL REPORTS SECOND QUARTER/HALF-YEAR RESULTS
 MIAMI, Nov. 26 /PRNewswire/ -- Benihana National Corporation (NASDAQ: BNHN) today reported results for the three- and seven-month periods ended Oct. 13, 1991.
 BENIHANA NATIONAL CORPORATION
 Comparative Analysis (Unaudited)
 Three months ended 10/13/91 10/14/90
 Net restaurant sales $8,335,752 $8,513,716
 Restaurant costs and expenses 7,562,895 7,870,195
 Income (loss) before income taxes 153,098 (65,656)
 Income tax (benefit) provision 19,138 (3,330)
 Net income (loss) $ 133,960 $ (62,326)
 Net income (loss) per common share $.02 $(.01)
 Average shares outstanding 5,729,361 5,729,361
 Seven months ended 10/13/91 10/14/90
 Net restaurant sales $19,648,470 $20,176,905
 Restaurant costs and expenses 17,851,636 18,292,815
 Income before income taxes 320,779 214,855
 Income tax provision 40,098 10,696
 Net income $ 280,681 $ 204,159
 Net income per common share $.05 $.04
 Average shares outstanding 5,729,361 5,729,361
 "Effective cost reduction programs and the loyalty of our customer base helped us achieve gratifying earnings and a modest decline in restaurant revenues despite severe recessionary conditions that pervade our industry," Joel Schwartz, president, said.
 "Our Benihana Gourmet Steaks subsidiary is just beginning to receive redemptions from the incentive programs at major corporations in which we participate. In addition, we are aggressively pursuing opportunities to license the Benihana name for use on high quality food-related products. These business segments hold strong profit potential without the need for any financial investment by the company," he said.
 Benihana National owns and operates 20 Teppanyaki-style Japanese restaurants and licenses two additional units.
 -0- 11/26/91
 /CONTACT: Joel Schwartz, president of Benihana National, 305-593-0770; or Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for Benihana National/
 (BNHN) CO: Benihana National Corp. ST: Florida IN: LEI SU: ERN


FC-GK -- NY015 -- 7185 11/26/91 09:45 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 26, 1991
Words:321
Previous Article:HARKEN AWARDS BAHRAIN SEISMIC CONTRACT
Next Article:LUKENS SHIPS ABOUT 11,900 TONS DURING WEEK OF NOV. 18
Topics:


Related Articles
/C O R R E C T I O N -- BENIHANA NATIONAL CORPORATION/
BENIHANA ANNOUNCES FAVORABLE SUIT SETTLEMENT
BENIHANA NATIONAL REPORTS THIRD QUARTER/NINE MONTHS GAINS
BENIHANA NATIONAL REPORTS FIRST QUARTER RESULTS
BENIHANA NATIONAL REPORTS SECOND QUARTER/HALF-YEAR RESULTS
BENIHANA NATIONAL REPORTS FOURTH QUARTER, YEAR END GAINS
BENIHANA NATIONAL REPORTS FIRST QUARTER GAINS
BENIHANA NATIONAL REPORTS 3RD QUARTER/9 MONTHS GAINS
Benihana Inc. Second Quarter 2005 Operating Results Teleconference.
BFC Financial Corporation Announces Financial Results for the Second Quarter 2006.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters