MIAMI Benihana Inc. swung to a loss in its fiscal second quarter on lower same-store sales and costs associated with its brand renewal program, which includes restaurant remodels and menu changes at its flagship teppanyaki chain. The company noted that its weak results led to a break in its credit agreement with Wachovia, and that the two companies have agreed on new terms. Wachovia waived Benihana’s noncompliance, and part of the new terms included reduced borrowings of $40.5 million ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.


Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Questions about your account or how to access content? 

Contact: Desiree Torres 

Already registered? here.