RUDY'S ANNOUNCES SECOND QUARTER RESULTS
RUDY'S ANNOUNCES SECOND QUARTER RESULTS MIAMI, May 1 /PRNewswire/ -- Rudy's Restaurant Group, Inc.
(NASDAQ: RUDY) announced net income of $176,400 ($.05 per share) on revenues of $2.7 million for the quarter ended March 15, 1992, the second quarter fiscal 1992, as compared to net income of $52,200 ($.01 per share) on revenues of $2.5 million in the quarter ended March 17, 1991, the second quarter fiscal 1991. The company reported 1992 year- to-date income of $149,600 ($.04 per share) on revenues of $5.0 million as compared to a year-to-date loss reported in 1991 of $55,400 ($.02 loss per share) on revenues of $4.9 million.
The second quarter and year-to-date 1992 results include a loss provision for a non-recurring charge of $75,000 related to the settlement of certain litigation related to one of the Rudy's Sirloin SteakBurger restaurants, sold in January 1991. This litigation was settled in April 1992. Rudy's Restaurant Group currently operates seven Samurai Japanese Steak and Seafood restaurants. -0- 5/1/92 /CONTACT: Douglas M. Rudolph, president of Rudy's Restaurant Group, 305-576-8000/ (RUDY) CO: Rudy's Restaurant Group, Inc. ST: Florida IN: LEI SU: ERN
JB-SS -- FL006 -- 5377 05/01/92 10:19 EDT
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|Date:||May 1, 1992|
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