Dayton Daily News:
Frisch’s Restaurants, Inc. this morning reported higher earnings and revenue for its fiscal third quarter that ended March 6. Net earnings for the quarter increased 52 percent to $2.8 million compared to $1.9 million last year, as a result of increased sales, improved margins and a lower effective tax rate. Diluted net earnings per share increased 54 percent to 57 cents per share, from 37 cents per share last year.
Revenue increased 1.4 percent to $68.4 million from $67.5 million in last year’s third quarter. In the company’s Big Boy segment, same-store sales were up 1.7 percent in the quarter while overall sales increased 2.5 percent as a result of new store openings. Same store sales in our Golden Corral segment increased 12.4 percent in the quarter.