Benihana Inc. Reports Total Restaurant Sales Growth of 12.1% in Third Fiscal Quarter 2008

Comparable Restaurant Sales Increased 1.5%

MIAMI--(BUSINESS WIRE)--Jan. 14, 2008--Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today reported that total restaurant sales for the third fiscal quarter of 2008 increased 12.1% to $69.4 million from $61.9 million in the same quarter last year. Benihana teppanyaki represented approximately 74% of consolidated restaurant sales, while RA Sushi and Haru accounted for 14% and 12% of consolidated restaurant sales, respectively. There were a total of 985 store-operating weeks in the third fiscal quarter of 2008 compared to 893 store-operating weeks in the third fiscal quarter of 2007.

For the twelve-week period ended January 6, 2008, Company-wide comparable restaurant sales increased 1.5%, including 2.7% at Benihana teppanyaki, (3.6%) at RA Sushi, and 0.2% at Haru.

"In the current restaurant environment, we were particularly pleased that our Company-wide comparable sales remained positive. While we faced formidable year-ago comparisons, we consider the sequential slowing in our overall sales and guest counts to be more reflective of the macro spending pressures rather than anything Company specific. That said, we remain confident in our business model and continue to execute on our operational and development plans," stated Joel A. Schwartz, Chairman and Chief Executive Officer.

About Benihana
Benihana Inc. (NASDAQ: BNHNA; BNHN) operates 85 restaurants nationwide, including 60 Benihana teppanyaki restaurants, nine Haru sushi restaurants, and sixteen RA Sushi Bar restaurants. Under development at present are seventeen restaurants - eight Benihana teppanyaki restaurants and nine RA Sushi restaurants. In addition, 19 franchised Benihana teppanyaki restaurants are operating in the U.S., Latin America and the Caribbean.

To learn more about the Company and its three Japanese theme and sushi restaurant concepts, please view the corporate video at www.benihana.com/company_profile.asp.

SOURCE: Benihana Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

StretchLab
Founded in 2015, StretchLab was established in Los Angeles, California to fulfill the vision of creating an affordable assisted stretching concept...
e² Young Engineers
e² Young Engineers is an innovative new approach to teach STEM principles using our uniquely designed LEGO and K'nex kits.
Quaker Steak & Lube®
Founded in 1974 in Sharon, PA, the award-winning casual dining restaurant chain has expanded over 55 locations throughout the United States and Canada
Whimsy Cookie Company
With expertise in designing custom, hand decorated cookies, we pride ourselves in not only delivering impeccably designed cookies, but delicious...
Denny's
Denny's is America's largest full-service family restaurant chain, consisting of 168 company-owned units and 1,692 franchised units, with operations...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.