MIAMI Benihana Inc. blamed declining traffic and rising costs for a nearly 48-percent drop in first quarter profit, but the parent of three Japanese-style concepts said it still expected to hit its full-year earnings target. For the quarter ended July 20, Benihana's net income was $2.2 million, or 12 cents per share, compared with year-ago income of $4.2 million, or 25 cents per share. Revenue for the latest quarter rose 5 percent, to $94.5 million, the company said.Systemwide ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
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 the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!