Benihana Inc. on Friday reported a 73-percent decline in profits for the fourth quarter despite continued same-store sales and traffic growth for the company’s teppanyaki brand. For the fourth quarter ended April 1, the Miami-based operator of the Benihana Teppanyaki chain reported net income of $81,000, or nil per share, compared with $289,000, or 2 cents per share, in the year-earlier period. Excluding a $2.6 million impairment charge related to the closure of an underperforming ...
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Contact: Desiree Torres Desiree.Torres@penton.com