J. Alexander's

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.

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