CINCINNATI Frischâ€™s Restaurants Inc. reported Tuesday that higher food costs and soft sales, particularly within its Golden Corral buffets, lowered the companyâ€™s net earnings for the second quarter ended Dec. 11 by 22.8 percent, to $2.2 million, compared with a year earlier. Revenues rose 1.4 percent, to $69.2 million, the company said. For the same quarter of a year ago, Frischâ€™s had reported a 66.9-percent jump in net earnings, to $2.8 million, on a 2-percent rise in revenues, to ...
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Contact: Desiree Torres Desiree.Torres@penton.com