Benihana Inc. First Four-Week Period of Q1 Sales up 5.8%
Benihana Inc. (NASDAQ: BNHN) today reported total restaurant sales and comparable restaurant sales for the first four-week period (March 28, 2011 – April 24, 2011) of the first fiscal quarter 2012.
For the first four-week period, both total restaurant sales and Company-wide comparable restaurant sales increased 5.8% to $26.7 million from $25.3 million, representing the fifteenth consecutive period of comparable restaurant sales growth. By concept, comparable restaurant sales increased 9.0% at Benihana Teppanyaki (including 8.7% traffic growth) and 2.2% at RA Sushi, but decreased 5.3% at Haru.
Benihana Teppanyaki represented approximately 67% of total restaurant sales, while RA Sushi and Haru accounted for 24% and 9% of total restaurant sales, respectively. There were 388 store-operating weeks in the first four-week periods of both fiscal quarters.
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