J. Alexander's (JAX) Reports Q4 Earnings, CEO Comments
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J. Alexander's Corporation (AMEX: JAX) reports Q4 EPS of $0.31 compared to $0.18 for the same period last year. Revenues were $36.2 million compared to $33.47 million for the same period last year.
Commenting on the Company's performance, Lonnie J. Stout II, Chairman, President and Chief Executive Officer, said, "We are pleased with the strong finish to a solid year just ended. Particularly notable in the fourth quarter was the significant gain in same store sales, which were up over 7%, and the increase in restaurant operating margins (net sales minus total restaurant operating expenses divided by net sales), which improved to 15.5% from 13.2% in the last quarter of 2005."
Stout said that he expects the Company to have another successful year in 2007, but noted that he also expects costs to increase significantly in several areas.
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