RUDY'S RESTAURANT GROUP ANNOUNCES YEAR-END RESULTS
RUDY'S RESTAURANT GROUP ANNOUNCES YEAR-END RESULTS MIAMI, Jan. 14 /PRNewswire/ -- Rudy's Restaurant Group, Inc.
(NASDAQ: RUDY) announced net income for the year ended Sept. 29, 1991 of $23,000, $.01 per share, on revenues of $10.4 million as compared to a loss of $6,118,000, ($1.74) per share on revenues of $11.1 million in fiscal 1990. The company's net loss for fiscal year ended 1990 included a charge of $4.8 million related to the sale of substantially all of the assets of the Rudy's Sirloin SteakBurgers restaurant division, and a $1.2 million operating loss related to that subsidiary's restaurant operations. This sale, completed in January 1991, was recorded in fiscal 1990.
The company continues to own and operate the Samurai restaurant division which includes seven Japanese Steak and Seafood restaurants located throughout the United States. -0- 1/14/92 /CONTACT: Douglas M. Rudolph of Rudy's Restaurant Group, 305-576-8000/ CO: Rudy's Restaurant Group, Inc. ST: Florida IN: LEI SU: ERN
AW-SS -- FL003 -- 9427 01/14/92 09:39 EST
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|Date:||Jan 14, 1992|
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