Perkins & Marie Callender's Q2 revenue declines 6.3%
Perkins & Marie Callender's, an operator of dining restaurant concepts in the US, has reported revenues of $114.2m for the second quarter of fiscal 2010, a decrease of 6.3% compared to $121.9m in the same quarter last year.
The decrease resulted from a $5.5m decrease in sales in the restaurant segment, a $2m decrease in the Foxtail segment and a $0.2m decrease in licensing and other revenues.
Company-owned Perkins comparable restaurant sales decreased by 5.1% and company-owned Marie Callender's comparable restaurant sales decreased by 5.6% in the second quarter of 2010 as compared to the second quarter of 2009.
Perkins & Marie Callender's president and CEO J Trungale said the company has passed through difficult economy which continues to negatively impact away-from-home dining trends, increased franchise activity since the second quarter of 2009 at Perkins is encouraging, as are overall steady sales margins and improved pie manufacturing efficiencies at Foxtail.
“We will continue our efforts to hold margins and improve store level execution for the Perkins and Marie Callender's brands, while simultaneously focusing on the strategic development of both concepts,” Trungale said.
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