Einstein Noah net falls 7% in second quarter
August 07, 2009
by FoodBusinessNews.net Staff
LAKEWOOD, COLO. — Net income at Einstein Noah Restaurant Group in the second quarter ended June 30 fell to $6,466,000, equal to 40c per share on the common stock, down 7% from $6,914,000, or 43c per share, in the same period a year ago. Net sales in the second quarter totaled $104,358,000, down 1% from $105,414,000 in the same period a year ago.
"Our comparable store sales and transaction performance continued to show improvement during the second quarter, despite the economic slowdown," said Jeff O’Neill, chief executive officer and president. "We are encouraged by the early acceptance of our new marketing and merchandising initiatives. They are designed to build awareness, trial and frequency of our core offerings and new product launches."