Einstein earnings ease 13% in quarter

by Eric Schroeder
Share This:

LAKEWOOD, COLO. — Earnings at Einstein Noah Restaurant Group, Inc. dipped 13% in the second quarter, while revenues rose 0.2%. Net income in the period ended June 28 was $3,080,000, equal to 18c per share on the common stock, down from $3,556,000, or 22c per share, in the second quarter of fiscal 2010. Revenues rose narrowly to $103,677,000 from $103,473,000. System-wide comparable store sales also increased 0.2%, reflecting strong growth in check driven by moderate pricing, favorable mix shift and strength in catering sales offset by lower comparable transactions as the company rolled over its Free Bagel Friday promotion last year.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Baking Business News do not reflect those of Baking Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.