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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J. Alexander annonces results for second quarter 2010

• Net sales increased 4.7% to $36,336,000 from $34,710,000.

● Average weekly same store sales per restaurant advanced 4.7%.

• The loss before income taxes was $357,000 compared to a loss before income taxes of $1,431,000 in the second quarter of 2009.
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J. ALEXANDER’S CORPORATION REPORTS RESULTS

J. ALEXANDER’S CORPORATION REPORTS RESULTS

NASHVILLE, TN., July 28, 2009 ‐‐ J. Alexander’ Corporation (NASDAQ: JAX) today
reported operating results for the second quarter and first half of 2009.
A summary of the second quarter of 2009 compared to the second period of 2008
follows:
• Net sales were $34,710,000 as compared to $34,767,000 recorded in the
second quarter of 2008.
• Average weekly same store sales per restaurant declined by 7%.
• The loss before income taxes was $1,431,000 compared to income before
income taxes of $950,000 in the second quarter of 2008.
• An income tax benefit of $635,000 was recorded for the second quarter of
2009 compared to a tax benefit of $273,000 for the second quarter of 2008.
The benefit for the second quarter of 2008 was due to the effect of lowering
the estimated annual effective tax rate for 2008 during that quarter primarily
because of lower estimates of pre‐tax income for the year.
• The net loss was $796,000 compared to net income of $1,223,000 in the
second period of 2008, and the loss per share was $ .13 compared to diluted
earnings per share of $ .18 in the second quarter of 2008.

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http://www.jalexanders.com/investor/reports/July_28_09.pdf

J. ALEXANDER’S CORPORATION REPORTS RESULTS

J. Alexander's Corporation is a publicly owned corporation whose stock trades on the NASDAQ Stock Market (symbol JAX). J. Alexander's is the vision of a group of people who have a desire to provide the casual dining restaurant guest with a higher quality dining experience and outstanding professional service. Our concept is uniquely positioned between the heavily themed casual dining restaurants and the fine dining white tablecloth dinnerhouses. The company serves American-style food with a contemporary twist, taking advantage of our rich multi-cultural heritage in the development of items for our classic American menu.

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