Benihana Inc. (BNHN: Quote) Friday said its profit for the fourth quarter declined from last year, due mainly to higher operating expenses, not withstanding a double-digit growth in revenues.
The Miami, Florida-based company's fourth-quarter net profit attributable to common stockholders was $81 thousand or break-even per share, compared to $298 thousand or $0.02 per share last year.
Total revenues for the quarter grew 12.8 percent to $92.29 million from $81.79 million in the prior-year quarter.
Comparable restaurant sales for the quarter rose 4.8 percent to $84.69 million from $80.77 in the similar quarter last year.
For the quarter, total operating expenses increased to $92.63 million from $79.59 million last year.
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by RTT Staff Writer
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