Benihana Q1 Net Sales Up 5%
Benihana, an operator of Japanese theme and sushi restaurants, has reported sales of $100.2m for the first quarter of fiscal 2011, an increase of 5% compared to $95.5m for the same quarter last year.
For the first fiscal quarter 2011, company-wide comparable restaurant sales improved by 2.4%, including 3.3% at Benihana teppanyaki and 2.4% at Haru. Comparable restaurant sales at RA Sushi were essentially flat.
During the quarter, Benihana teppanyaki represented approximately 65% of consolidated restaurant sales, while RA Sushi and Haru accounted for 25% and 10% of consolidated restaurant sales, respectively. There were a total of 1,552 store-operating weeks in the first fiscal quarter 2011, compared to 1,531
store-operating weeks in the first fiscal quarter 2010.
Richard Stockinger, CEO and president of Benihana, said: “Our improved sales performance is primarily related to our renewal program, which focuses on improving the guest experience at our flagship teppanyaki brand. This has resulted in a 3.4% increase in guest count, with a slight decline in the average guest check. We were also pleased with sales trends at our RA Sushi and Haru concepts in what continues to be a difficult economic environment.”
Benihana operates 97 restaurants including 63 Benihana teppanyaki restaurants, nine Haru sushi restaurants, and 25 RA Sushi Bar restaurants. One Benihana teppanyaki restaurant is under developement. In addition, 22 franchised Benihana teppanyaki restaurants are operating in the US, Latin America and the Caribbean.
Related Insight
Suppliers Directory
Processed Foods Bakery & Cereals Confectionary Pasta & Noodles Savory Snacks Sweets & Desserts
Condiments & Ingredients Ingredients Oil & Fats Sauces & Spreads Soups
Chilled & Deli Food
Special Foods Baby Food Health Foods
Food Technology Process & Production IT & Software Packaging Sustainability
Marketing & Regulatory Regulatory & Food Safety Supply Chain Retail
Retail Intelligence
Until recently, the beverages market was divided simply between alcoholic and non-alcoholic beverages. As consumers’ tastes grew more sophisticated and demand surged for a variety of beverage options catering to lifestyle changes and health concerns, the beverages industry has responded with a dizzying array of options to choose from. This report focuses on the U.S. and world markets for beverages across several broad categories. For the purposes of this study, TriMark Publications has divided the global beverages markets into the following product segments include: 1) alcoholic beverages such as wines, beers and spirits; 2) non-alcoholic beverages such as bottled water and milk; 3) brewed beverages such as coffees and teas; 4) carbonated beverages such as sodas and soft drinks; 5) non-carbonated juice products both fresh and pre-packaged; and 6) energy drinks which are generally caffeinated beverages in both carbonated and non-carbonated forms. For each market segment, this study presents the latest information on size, growth rates, sales projections and factors influencing growth in the U.S. and internationally. Reports Buy online from $449
Comments may be moderated for spam, obscenities or defamation.