Frischs Restaurants (FRS) Reports Q3 EPS of $0.31

Frischs Restaurants (NYSE: FRS) reported Q3 EPS of $0.31, versus $0.34 reported last year. Revenue for the quarter came in at $45.16 million, versus $45.77 million reported last year.

Same store sales decreased 3.6 percent in the third quarter of fiscal 2014 while overall sales decreased at a lower rate of 1.3 percent from the third quarter of fiscal 2013 reflecting the addition of two new restaurant openings. Gross profit margin of 7.9 percent decreased from 10.9 percent in the prior year's third quarter, primarily as a result of lower sales volume and higher health care costs offset partly by lower pension costs. At the Corporate level, administrative expense increased 5.6 percent in third quarter 2014 primarily as a result of higher consulting fees.

For earnings history and earnings-related data on Frischs Restaurants (FRS) click here.

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