Einstein Noah Restaurant Group Inc. reported a 10-percent increase in net profit for its July 2-ended second quarter. Transactions also experienced their smallest decline rate since the first quarter of 2011, indicating that efforts to drive traffic with “everyday value” are taking hold, the company said. At the end of the quarter, Einstein operated, licensed or franchised 821 units under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagels brands.
 

NET INCOME

Result: $3.3 million, or 19 cents per share
% Increase: 10% (from $3 million, or 17 cents per share)

REVENUE

Result: $107.8 million
% Increase: 1.7% (from $106 million)

SAME-STORE SALES

% Increase: 0.7% systemwide

Source: Company report



RELATED:
Einstein Noah expects value strategy to pay off
Einstein Noah to focus on lunch, catering
More restaurant industry finance news

Contact Lisa Jennings at lisa.jennings@penton.com.
Follow her on Twitter: @livetodineout