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Article: RARE Hospitality International Announces 41.7% Growth in Fourth-Quarter Earnings Per Diluted Share To $0.34.
- Article from:
- Business Wire
- Article date:
- February 11, 2004
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Business Editors
ATLANTA--(BUSINESS WIRE)--Feb. 11, 2004
Adjusted Earnings Per Diluted Share Increase 25.9% for the Fourth
Quarter
RARE Hospitality International, Inc. (Nasdaq: RARE), today announced financial results for the fourth quarter and year ended December 28, 2003. For the fourth quarter, total revenues increased 18.2% to $181,816,000 from $153,878,000 for the fourth quarter of 2002. Net income was $11,957,000 for the fourth quarter of 2003, up 46.8% from $8,147,000 for the comparable period in 2002. Earnings per diluted share increased 41.7% to $0.34 for the fourth quarter of 2003 from $0.24 for the fourth quarter of 2002. ...