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  Lone Star Stays Strong   
   
Despite a broad slowdown for many casual-dining chains, Lone Star Steakhouse (Nasdaq: STAR) appears to be getting back on track.

Yesterday, the Wichita, Kan.-based red-meat specialist posted quarterly net income of $4.5 million ($0.18), 23% higher than the $3.6 million earned last year and a penny ahead of estimates. Sales jumped 13.6% for the period and have improved 14% year to date to reach $464.1 million.

As everyone knows, most dads enjoy a steak on Father's Day, and Lone Star's third-quarter sales benefited by the inclusion of that holiday, which added $1.8 million to the top line. Last year's Father's Day receipts were identical but were booked in the second quarter. The calendar shift boosted yesterday's year-over-year comparisons, offsetting the shortfall from three months ago.

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Date Listed: 2004-10-07

More news about: 
 Industry: Restaurants 
 Category: Financial 
 Lone Star Steakhouse

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Lone Star Steakhouse News
 ·  Lone Star Stays Strong
 ·  Lone Star CFO Randy Pierce to retire Sept. 1
 ·  Second Chance on Lone Star
 ·  Lone Star's Medium-Rare Disease
 ·  Lone Star Steakhouse & Saloon, Inc. Second Quarter Update
 

Financial
 ·  Worldwide Restaurant Concepts, Inc. Announces Second Quarter Fiscal 2005 Results
 ·  Krispy Kreme Posts Loss, Stock Off 16 Pct
 ·  Krispy Kreme Clams Up
 ·  CBRL Group 1Q Profit Up on Price Hike
 ·  Jack in the Box Quarterly Earnings Up

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