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Article: Fresh Choice Reports a Profit of $1.1 Million for 2001, Fourth Quarter Loss On Lower Sales.
- Article from:
- Business Wire
- Article date:
- February 21, 2002
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Business Editors
MORGAN HILL, Calif.--(BUSINESS WIRE)--Feb. 21, 2002
Fresh Choice, Inc. (Nasdaq:SALD) today reported net income of $1,125,000, or $0.16 per diluted share, for fiscal year 2001 versus net income of $1,675,000, or $0.24 per share, in 2000.
For the fourth quarter, the Company reported a net loss of $907,000 or $0.15 per share, which included store-closure and asset-impairment expenses of $181,000 and restaurant-opening costs of $206,000. This compared to a net loss of $160,000 or $0.03 per share for the fourth quarter of 2000, which included store-closure and asset-impairment expenses of $336,000 and restaurant-opening costs of ...