August 2, 2010 / 1:27 PM / 7 years ago

UPDATE 1-Benihana reports Q1 sales above Street

* Q1 total sales $100.2 mln vs est $96.9 mln

* Q1 same-restaurant sales rise 2.4 pct

Aug 2 (Reuters) - Benihana Inc BNHN.O, an operator of Japanese-themed restaurants, reported better-than-expected quarterly sales, helped by higher traffic at its flagship Benihana teppanyaki brand.

For the first quarter, Benihana, which runs teppanyaki and sushi restaurants, said total sales rose 5 percent to $100.2 million. Same-restaurant sales increased 2.4 percent, the company said.

Benihana teppanyaki, which accounted for 65 percent of total restaurant sales, saw a 3.4 percent increase in guest count.

Analysts on average expected sales of $96.9 million, according to Thomson Reuters I/B/E/S.

Last month, Benihana said it was considering a sale of the company after unhappy shareholders threatened to seek board seats to change how the restaurant chain conducts its business. [ID:nSGE66C0IL]

Shares of the Miami-based company closed at $6.75 Friday on Nasdaq. (Reporting by Swati Chitnis in Bangalore; Editing by Anne Pallivathuckal)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below