MIAMI Benihana Inc. reported a 29-percent tumble in its fiscal 2008 fourth quarter profit as higher restaurant opening costs, soft sales and one fewer operating week ate into the multiconcept operator's bottom line. For the 12-week quarter ended March 30, Benihana reported net income of $2.9 million, or 17 cents per share, compared with $4.1 million, or 23 cents per share, in last year's 13-week fourth quarter. Revenue for the latest quarter fell 2 percent to $70. 2 million, compared ...
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Contact: Desiree Torres Desiree.Torres@penton.com