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Article: Calny Inc. reports earnings for fiscal year ended February 25.
- Article from:
- PR Newswire
- Article date:
- May 21, 1986
CopyrightCOPYRIGHT 1986 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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SAN MATEO, Calif., May 20 /PRNewswire/ -- Calny Inc. (NASDAQ: CLNY), the largest franchisee of Taco Bell restaurants, today reported results for the fiscal year ended Feb. 25, 1986.
For the year, the company reported earnings of 58 cents a share, based on 4,748,861 shares, compared with 68 cents a share for the prior fiscal year, based on 4,531,481 shares. Net income for the year was $2,740,791, compared with $3,079,081 last year. Sales for the year were $67,828,352, versus $54,332,107 for the prior year. Included in this year' results of operations was an $811,000 pre-tax gain from the sale of several restaurants and a $692,000 pre-tax loss from the ...