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BENIHANA NATIONAL REPORTS THIRD QUARTER/NINE MONTHS GAINS

 BENIHANA NATIONAL REPORTS THIRD QUARTER/NINE MONTHS GAINS
 MIAMI, Feb. 20 /PRNewswire/ -- Benihana National Corporation (NASDAQ-NMS: BNHN), today reported earnings gains for the three and 10- four-week periods ended Jan. 5, 1992. The company's fiscal year consists of 13 four-week periods ending on the Sunday nearest March 31.
 BENIHANA NATIONAL CORPORATION
 Comparative Analysis
 Three months ended 1/5/92 1/6/91
 (unaudited)
 Net restaurant sales $8,463,281 $8,644,280
 Restaurant expenses 7,638,104 8,009,496
 Income (loss) before
 income taxes 217,060 (42,250)
 Income tax (benefit)
 provision 27,132 (2,066)
 Net income (loss) 189,928 (40,184)
 Net income (loss) per
 common share $.03 $(.01)
 Weighted average shares
 outstanding 5,729,690 5,729,111
 Ten months ended 1/5/92 1/6/91
 (unaudited)
 Net restaurant sales $28,161,751 $28,821,185
 Restaurant expenses 25,489,740 26,302,311
 Income before income taxes 537,839 172,605
 Income tax provision 67,230 8,630
 Net income 470,609 163,975
 Net income per
 common share $.08 $.03
 Weighted average shares
 outstanding 5,729,309 5,729,111
 "We are benefiting increasingly from effective cost reduction programs that do not compromise our quality of food or service," Joel Schwartz, president, said. "We have seen a gratifying increase in restaurant traffic since the close of the third quarter but it is too early to tell if this is a trend," he added.
 Benihana National owns and operates 20 Teppanyaki-style Japanese restaurants and licenses two additional units.
 -0- 2/20/92
 /CONTACT: Joel Schwartz, president of Benihana National, 305-593-0770/
 (BNHN) CO: Benihana National Corporation ST: Florida IN: LEI SU: ERN


SH-OS -- NY009 -- 0798 02/20/92 09:12 EST
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Publication:PR Newswire
Date:Feb 20, 1992
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