Sunday, November 7, 2010

Einstein Noah Restaurant Group Reports Third Quarter 2010 Financial Results

Total revenues increased 1.3% to $101.4 million. System-wide comparable restaurant sales and comparable transactions increased 0.7%. Total gross margin improved 120 basis points to 19.8% from 18.6%. Adjusted EBITDA improved to $10.9 million from $10.5 million. (*) Adjusted net income improved to $3.4 million, or $0.20 in adjusted diluted EPS, from $2.5 million, or $0.15 in adjusted diluted EPS. (*) Free cash flow for the third quarter increased by $3 million, or 45%, to $9.6 million. (*)

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