MIAMI Benihana Inc., which operates and franchises Japanese-themed and sushi restaurants, said Monday that its fiscal first-quarter net income was cut in half on weak sales the company blamed on the U.S. recession. Benihana’s profit for the quarter ended July 19 fell 50.2 percent to $1.1 million, or 5 cents per share, from $2.2 million, or 12 cents per chare, the same quarter last year. Latest quarter revenue rose 1.6 percent to $96.0 million, on the openings of three new ...
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 NRN we ask that you register now. We promise it will only take a few minutes!