• Einstein Noah revenue, comps and net income increase

0 Comments
LAKEWOOD, Colo. — Einstein Noah Restaurant Group has posted strong results for the first quarter ended April 1, 2008.
 
Comparable-store sales increased 3.6 percent for the quarter, marking the company's 14th consecutive month of positive comps growth.
 
Revenue increased 7 percent for the quarter to $103.3 million, up from $96.3 million reported in the same period last year.
 
Net income grew 239 percent to $3.8 million, up from $1.1 million reported in Q1 '07.
 
In addition, the three new company-owned restaurants, four license locations and the first Einstein Bros. franchise restaurant in Jacksonville, Fla., opened during the quarter.
 
"Thanks in large part to our increased same-store sales and our efforts in 2007 and early 2008 to lock in the cost of wheat, implement a well-timed price increase and introduce a revamped menu, our results for the first quarter of 2008 reflect impressive financial performance. We are in a growth mode during a time when most companies are pulling back," said Paul Murphy, president and chief executive officer of Einstein Noah Restaurant Group.

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Leapfrog POS App

http://global.networldalliance.com/new/images/products/4559.png

4559/Leapfrog-POS-App

Old Fashioned Golden Pears

http://global.networldalliance.com/new/images/products/Lemon_Pear_Dessert_a_100.jpg

1758/Old-Fashioned-Golden-Pears

Restaurant Marketing Plan

http://global.networldalliance.com/new/images/products/1466.png

1466/Restaurant-Marketing-Plan

Mobile

http://global.networldalliance.com/new/images/products/4760.png

4760/Mobile

Hardware

http://global.networldalliance.com/new/images/products/4553.png

4553/Hardware

A – Z Food Truck Business Development Consulting

http://global.networldalliance.com/new/images/products/4400.png

4400/A-Z-Food-Truck-Business-Development-Consulting

Food Litigation Expert Witness

http://global.networldalliance.com/new/images/products/4415.png

4415/Food-Litigation-Expert-Witness

Marketing

http://global.networldalliance.com/new/images/products/4244.png

4244/Marketing

Cooked Chicken Strips | Burke Corporation

http://global.networldalliance.com/new/images/products/SpecialtyThumbNail.gif

1262/Cooked-Chicken-Strips-Burke-Corporation

Baked Cinnamon Fuji Apples

http://global.networldalliance.com/new/images/products/Cinnamon_Apples_100.jpg

1752/Baked-Cinnamon-Fuji-Apples

Fast Casual Executive Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.
Infographic: Top 12 Benefits of Digital Menu Boards