Buffets posts $3 million earnings from operations for Jan. 15-Feb. 11

By Caroline Salls

Pittsburgh, March 3 - Buffets Holdings, Inc. reported $3 million in earnings from operations for the period of Jan. 15 to Feb. 11 on $101.48 million in total sales, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.

The figures showed improvement from the $853,852 loss from operations posted for the period of Dec. 18 to Jan. 14 on $89.34 million in total sales.

The net loss for the latest period was $3.82 million, narrowing from a $10.2 million net loss for the previous period.

The company had $21.75 million in cash and cash equivalents at Feb. 11, compared with $12.54 million at Jan. 14.

Buffets Holdings, a steak-buffet restaurant company based in Eagan, Minn., operates restaurants under the names Old Country Buffet, HomeTown Buffet, Ryan's and Fire Mountain. The company filed for bankruptcy on Jan. 22, 2008 in the U.S. Bankruptcy Court for the District of Delaware, and its Chapter 11 case number is 08-10141.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.