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Wednesday, August 13, 2008

Landry's group 2Q income up

From Nation's Restaurant News enews update (8/13):

Landry’s says 2nd-Q profits nearly double

"HOUSTON (Aug. 8, 2008) Landry’s Restaurants Inc., the restaurant and casino operator that is in the midst of a going-private buyout by its chief executive, on Friday reported that its second quarter net income nearly doubled from a year ago.

For the quarter ended June 30, Landry’s net income totaled $13.9 million, or 90 cents a share, from $6.9 million, or 33 cents a share, in the year-ago quarter.

Latest-quarter revenue rose 1.1 percent to $311.4 million. Same-store sales for the company’s restaurants, which include such brands as Rainforest Cafe, Saltgrass Steakhouse and Landry’s Seafood House, fell 2.5 percent." ...

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