J. Alexander’s Corporation Reports Results for Third Quarter and First Nine Months of 2010 Fiscal Year

A summary of the third quarter of 2010, compared to the third quarter of 2009, follows:

• Net sales increased 8.5% to $35,164,000 from $32,423,000.
• Average weekly same store sales per restaurant advanced 8.6%.
• The loss before income taxes was $1,012,000 compared to a loss before income taxes of $2,608,000 in the third quarter of 2009.
• An income tax benefit of $2,490,000 was recorded for the third quarter of 2010 compared to a benefit of $1,289,000 in the third quarter of 2009.

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