Frisch's 3rd-quarter Profit Rises
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FRS
CINCINNATI (AP) Frisch's Restaurants Inc., parent of the Frisch's Big Boy chain, said Tuesday its fiscal third-quarter profit rose 65 percent, helped by better results at its Golden Corral chain.
Profit for the quarter ended March 10 rose to $3.4 million, or 66 cents per share, from $2.1 million, or 40 cents per share, during the same period last year. Revenue rose 2 percent to $67.7 million from $66.6 million. The company said new ad campaigns for its Big Boy and Golden Corral restaurants boosted customer traffic, as did more favorable food costs. A litigation settlement also helped results. In March, Frisch said it would receive $890,000 pretax in the quarter, related to a case against a general contractor that built a Golden Corral Restaurant in 2001.- Loading Comments...
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