Frischs Restaurants (FRS) Reports Q2 EPS of $0.48

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Go back to Frischs Restaurants (FRS) Reports Q2 EPS of $0.48

Frisch's Reports Second Quarter Fiscal 2015 Results

March 13, 2015 8:45 AM EDT

CINCINNATI, March 13, 2015 /PRNewswire/ -- Frisch's Restaurants, Inc. (NYSE MKT: FRS) reported revenue of $52,016,000 during its fiscal 2015 second quarter ended December 16, 2014 (consisting of 12 weeks), a 5.7 percent increase over the $49,217,000 reported in the prior year's second quarter.  Net earnings increased 4.9 percent in the second quarter to $2,464,000 ($0.48 diluted earnings per share (EPS)) up from $2,350,000 ($0.46 diluted EPS) in the comparable quarter last year.   Several factors contributed to the increase in net earnings.   Increased operating income was driven by higher sales and lower pension costs, which were offset partly by higher administrative costs... More