Frisch's Restaurants (FRS)

Frisch's Restaurants reported higher earnings for its 12-week fiscal second quarter ended December 15, 2009. Net earnings for the quarter increased 6.9% to $2,369,217 compared to $2,215,787 last year. Diluted earnings per share increased to $.46 per share, from $.43 per share last year. Sales declined 1.7% to $67,898,586 from $69,093,061 in last year's second quarter.
Craig F. Maier, President and CEO, said, "Same store sales at our Big Boy Restaurants decreased a modest 0.4% in the second quarter. The sluggish economy and continuing high unemployment have driven down customer traffic in our restaurants."

Jan 20 · 12:42:00 PM · Source: Company Press Release
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by Rich Pike