Altman Z-Score, Current: 1.97
Altman Z-Score, 2009: 1.68
J. Alexander's (JAX) came dangerously close to the "distressed" threshold with a Z-Score of 1.97. Still, the full-service casual dining chain got itself out of the danger zone where it was in 2009 with a score of just 1.68.Last month J. Alexander's said it returned to profitability in the second quarter, helped by stronger overall revenue. The Nashville-based company earned $26,000, or zero cents per share, after losing $796,000, or 12 cents per share, in the year-earlier quarter. Revenue pushed up 4.6% to $36.3 million. Average weekly same-store sales increased 4.7% year-over-year.