BUCA, Inc. Announces Second Quarter 2008 Comparable Restaurant Sales Decreased 5.1%
July 08 2008 - 3:10PM
Business Wire
BUCA, Inc. (NASDAQ: BUCA) today announced that Buca di Beppo
comparable restaurant sales decreased 5.1% for the second quarter
of fiscal 2008 as compared to the same period last year. The
Company also announced that preliminary total revenue decreased
6.8% in the second fiscal quarter to approximately $57.9 million as
compared to $62.1 million in the same period of the prior year. The
difference between the comparable restaurant sales decrease and the
preliminary total revenue decrease was due to the closure of three
underperforming restaurants since the beginning of the second
fiscal quarter of 2007. For the first two quarters of fiscal 2008,
Buca di Beppo comparable restaurant sales decreased 3.8% as
compared to the same period last year. The Company also announced
that preliminary total revenue decreased 5.6% in the first two
quarters of fiscal 2008 to approximately $118.0 million as compared
to $124.9 million in the same period of the prior year. The
difference between the comparable restaurant sales decrease and the
preliminary total revenue decrease was due to the closure of four
underperforming restaurants since the beginning of fiscal 2007.
About the Company: BUCA, Inc. owns and operates 89 highly acclaimed
Italian restaurants under the name Buca di Beppo in 25 states and
the District of Columbia.
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