Net income falls on fewer tax gains, company says
Buoyed by the performance of franchised and licensed bakery-cafe locations in the third quarter, multi-brand Einstein Noah Restaurant Group Inc. reported positive systemwide same-store sales and transaction trends for the first time this year. For the Sept. 28-ended quarter, Einstein Noah reported net income of $3.4 million, or 21 cents a share, versus a profit of $60.9 million, or $3.65 a share, in the year-ago period. That 2009 profit included a $56.5 million tax benefit, while the latest ...
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Contact: Desiree Torres Desiree.Torres@penton.com