MIAMI Restaurant development costs, renovation expenses and investments in infrastructure ate into strong sales at Benihana Inc., leading to a dip in first-quarter profit compared with the same quarter a year ago. Benihana, which operates or franchises 99 restaurants under three brands, reported net income of $4.2 million, or 25 cents per share, for its first quarter of fiscal 2008 ended July 22, compared with earnings of $4.5 million, or 26 cents per share, a year ago. The company ...
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Contact: Desiree Torres Desiree.Torres@penton.com