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Article: BUCA, Inc. Announces Fourth Quarter Results and Non-Cash Asset Impairment Charge.
- Article from:
- PR Newswire
- Article date:
- February 9, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BUCA, Inc. today announced that comparable restaurant sales for the thirteen weeks ended December 28, 2003 declined approximately 7% at Buca di Beppo and declined approximately 4% at Vinny T's of Boston, compared with the same period last year. The net loss for the thirteen weeks ended December 28, 2003 was $11,734,000, or 70 cents per share, including the effects of a $12,247,000 tax effected, non-cash, asset impairment charge. Net income for the thirteen weeks ended December 30, 2002 was $1,793,000, or eleven cents per share. Total sales for the thirteen weeks ended December 28, 2003 increased 6.5% to $67,617,000 from $63,518,000 in the same period last year.
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