Opening costs depress Frisch’s profits in 1Q

Frisch’s Restaurants Inc. said costs associated with the building and opening of new Big Boy outlets combined with higher food costs drove profits down in the company’s first quarter ended Sept. 21.

The Cincinnati-based company, which operates Big Boy and Golden Corral restaurants, said net income for the quarter fell 8.2 percent to $2.74 million compared with nearly $2.99 million for the same period last year.

Diluted earnings per share dipped to 54

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