Frisch's flat on Q4 profit decline
Shares of Cincinnati, Ohio-based Frisch’s Restaurants Inc. (AMEX: FRS) are little changed on news that net income declined in the fourth quarter but improved for the fiscal year.
The net income for the fourth quarter ended May 29 was $2.3 million, or $0.43 per share, compared with a net income of $2.7 million, $0.52 per share, during the final three months of the previous fiscal year, the operator of full-service family restaurants reported before the start of trading. Analyst estimates were not available.
The company runs family restaurants under the name “Frisch’s Big Boy,” in addition to grill buffet style restaurants under the name “Golden Corral.”
The net income for the fourth quarter ended May 29 was $2.3 million, or $0.43 per share, compared with a net income of $2.7 million, $0.52 per share, during the final three months of the previous fiscal year, the operator of full-service family restaurants reported before the start of trading. Analyst estimates were not available.
The company runs family restaurants under the name “Frisch’s Big Boy,” in addition to grill buffet style restaurants under the name “Golden Corral.”
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