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Frisch's Restaurants, Inc. Comm Message Board

  • fatfighter59 fatfighter59 Oct 22, 2012 12:19 PM Flag

    Finally earnings report - mixed reception

    Net earnings from continuing operations for the quarter increased 108.3 percent to $957,993 compared to $460,030 last year. Diluted earnings per share from continuing operations increased 111.1 percent to $0.19 per share, from $0.09 per share last year. Overall sales decreased 1.2 percent as a result of last fiscal year's closures of under-performing Big Boy restaurants offset in part by new restaurant openings. Gross profit from continuing operations increased 12.2 percent in the quarter versus the prior year, primarily the result of lower food and paper costs as a percentage of revenues.

    Hmmm - Yahoo had earnings at .40 a share (I think) and this says .19 so wonder what the true yield of the dividend is? Seems like earnings increasing 111.% is Great although profit increased only 12% - not too shabby. From the looks of the price gyrations, many didn't know how to take it. Or leave it.

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