Einstein Noah 2Q profit rises 10%

Einstein Noah 2Q profit rises 10%

Company says traffic-driving efforts are taking hold

Einstein Noah Restaurant Group Inc. reported a 10-percent increase in net profit for its July 2-ended second quarter. Transactions also experienced their smallest decline rate since the first quarter of 2011, indicating that efforts to drive traffic with “everyday value” are taking hold, the company said. At the end of the quarter, Einstein operated, licensed or franchised 821 units under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagels brands.
 

NET INCOME

Result: $3.3 million, or 19 cents per share
% Increase: 10% (from $3 million, or 17 cents per share)

REVENUE

Result: $107.8 million
% Increase: 1.7% (from $106 million)

SAME-STORE SALES

% Increase: 0.7% systemwide

Verdana; font-size: 12px; font-style: italic;"> Source: Company report



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Contact Lisa Jennings at [email protected].
Follow her on Twitter: @livetodineout

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