Frisch’s profits fall in 2nd Q

CINCINNATI Frisch’s Restaurants Inc. reported Tuesday that higher food costs and soft sales, particularly within its Golden Corral buffets, lowered the company’s net earnings for the second quarter ended Dec. 11 by 22.8 percent, to $2.2 million, compared with a year earlier. Revenues rose 1.4 percent, to $69.2 million, the company said.

For the same quarter of a year ago, Frisch’s had reported a 66.9-percent jump in net earnings, to $2.8 million, on a 2-percent

Register to view the full article

Register to view this article

Already a member? .

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