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Non-Tech : Garden Fresh Restaurant Corp (LTUS)

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To: Raptech who wrote (55)10/13/1998 10:10:00 PM
From: John O'Neill  Read Replies (1) of 78
 
Where did they make the statement that growth is not coming from increase in same store sales. Below is from Q3 report:

Garden Fresh Reports Sales and Higher Earnings Growth

- Continues 10-Quarter Record of Positive Same Store Sales Comparisons -

SAN DIEGO, July 22 /PRNewswire/ -- Garden Fresh Restaurant Corp. (Nasdaq: LTUS - news), operator of the Souplantation and Sweet Tomatoes restaurants, today reported increased sales and earnings for its third fiscal quarter and nine-month periods ended June 30, 1998.

Net sales for the quarter, based on 52 salad buffet restaurants in operation, increased 19 percent to $28.0 million from $23.5 million for the same period a year ago when the company operated 46 restaurants. Same store sales for the quarter increased 7.0 percent, compared with a 5.0 percent increase for the same quarter a year ago. Garden Fresh is in its fifth consecutive year of positive same store sale
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