Frischs Restaurants (FRS) Reports In-Line Q1 EPS; Comps Down 1%
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Frischs Restaurants (NYSE: FRS) reported Q1 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $61.24 million, versus $60.23 million reported last year.
Same store sales were down 1.0 percent in the first quarter of fiscal 2014 while overall sales increased 1.0 percent over the first quarter of fiscal 2013 as a result of two new restaurant openings. Gross profit margin of 10.2 percent increased from 9.6 percent in the prior year's first quarter, primarily as a result of lower pension costs and improved efficiency in our commissary operations.
For earnings history and earnings-related data on Frischs Restaurants (FRS) click here.
Same store sales were down 1.0 percent in the first quarter of fiscal 2014 while overall sales increased 1.0 percent over the first quarter of fiscal 2013 as a result of two new restaurant openings. Gross profit margin of 10.2 percent increased from 9.6 percent in the prior year's first quarter, primarily as a result of lower pension costs and improved efficiency in our commissary operations.
For earnings history and earnings-related data on Frischs Restaurants (FRS) click here.
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