Benihana Q1 profit cut in half

MIAMI Benihana Inc., which operates and franchises Japanese-themed and sushi restaurants, said Monday that its fiscal first-quarter net income was cut in half on weak sales the company blamed on the U.S. recession.

Benihana’s profit for the quarter ended July 19 fell 50.2 percent to $1.1 million, or 5 cents per share, from $2.2 million, or 12 cents per chare, the same quarter last year.

Latest quarter revenue rose 1.6 percent to $96.0 million, on the open

Register to view the full article

Register to view this article

Already a member? .

TAGS: Finance News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish