Benihana Inc. (BNHN) Misses Q4 EPS by 3c; Comps Up 4.8%

June 15, 2012 8:33 AM EDT Send to a Friend
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Benihana Inc. (NASDAQ: BNHN) reported Q4 EPS of $0.14, $0.03 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $91.9 million versus the consensus estimate of $93.38 million.

Company-wide comparable restaurant sales increased 4.8%, with the end of the quarter concluding Benihana's twenty-seventh consecutive four-week period of comparable sales growth.

Note - On May 22, 2012, we entered into an Agreement and Plan of Merger with Safflower Holdings Corp. and Safflower Acquisition Corp. Under the terms of the agreement, approved by Benihana's Board of Directors, if the merger is consummated, each outstanding share of Benihana's Common Stock will be converted into the right to receive $16.30 per share in cash. The consummation of the merger is subject to customary closing conditions, including the approval of Benihana's stockholders and regulatory clearance.

For earnings history and earnings-related data on Benihana Inc. (BNHN) click here.


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