The Steak n Shake Company Reports Fiscal Second Quarter 2009 Results

The Steak n Shake Company (NYSE: SNS) today announced its results for its second fiscal quarter 2009, which ended April 8, 2009.

Fiscal Second Quarter 2009 Results

Net earnings for the second quarter of fiscal year 2009 were $2.3 million, or $0.08 per diluted share, contrasted to a net loss of ($2.8 million), or ($0.10) per diluted share in the second quarter of fiscal year 2008. Quarterly same-store sales increased 2.4% due to an increase in guest traffic of 7.8%, offset by a 5.4% contraction in the average guest check.

The Cheesecake Factory Reports Results for First Quarter of Fiscal 2009

The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2009, which ended on March 31, 2009.

Total revenues were $392.8 million in the first quarter of fiscal 2009 as compared to $393.8 million in the prior year first quarter. Net income and diluted net income per share were $10.0 million and $0.17, respectively.

Kona Grill Releases Preliminary First Quarter 2009 Results

Kona Grill, Inc. (Nasdaq: KONA), an American grill and sushi bar, today released preliminary results for its first quarter ended March 31, 2009.

For the first quarter of 2009, preliminary restaurant sales increased 7.5% to $19.5 million from $18.1 million a year-ago. The growth in restaurant sales reflects additional revenues from four restaurants opened since June 2008. Comparable restaurant sales decreased approximately 9.6% compared to a 2.4% decrease in the prior year period. The Company had previously guided to restaurant sales of $18.3 million to $19.3 million for the three-month period.

Darden Restaurants Reports Third Quarter Diluted Net Earnings Per Share; Announces Quarterly Dividend of 20 Cents Per Share and More Favorable Fiscal 2009 Earnings Outlook

Darden Restaurants, Inc. (NYSE: DRI - News) today reported sales and diluted net earnings per share for the third quarter ended February 22, 2009. In the third quarter, diluted net earnings per share from continuing operations were 78 cents, a decrease of 2.5%, versus 80 cents in the prior year. The Company estimates that integration costs and purchase accounting adjustments related to the October 2007 acquisition of RARE Hospitality International, Inc. (RARE) reduced diluted net earnings per share by approximately two cents in the third quarter of the current fiscal year. Excluding the estimated integration costs and purchase accounting adjustments of approximately two cents, net earnings from continuing operations were 80 cents per diluted share in the third quarter. This compares to net earnings from continuing operations of 85 cents per diluted share in the third quarter of last year excluding estimated integration costs and purchase accounting adjustments of approximately five cents.