Food Industry
Industry: Email Alert RSS FeedSouthwest posts profit jump for 2nd q
Nation's Restaurant News, Jan 13, 1992
DALLAS -- Southwest Cafes made $77,000 in net income in the second quarter ended Nov. 12, a 35-percent gain, on a 5-percent rise in revenues, to $19.7 million.
The company said low food costs, stable labor expenses and increasing franchisee fees helped earnings.
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For the 24 weeks of the period, net income jumped 45 percent, to $594,000, on a 4-percent increase in revenues, to $41.1 million.
COPYRIGHT 1992 Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.
COPYRIGHT 2008 Gale, Cengage Learning
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