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Non-Tech : KKRO Koo Koo Roo -- Ignore unavailable to you. Want to Upgrade?


To: Pierre-Yves Loriers who wrote (329)2/19/1998 10:16:00 PM
From: Andreas Samson  Read Replies (2) | Respond to of 479
 
KOO KOO ROO said it would report a significant net loss for the
4Q and full year 1997, after giving effect to interest,
depreciation, amortization and dividends on preferred stock. The
company said preliminary results also show break-even EBITDA for
the 4Q, on revenues of about $21.9 million. The company said the
expected EBITDA compares to a cash flow loss of $2.6 million on
revenues of $12.1 million in the 4Q of 1996. It attributed the
turnaround in EBITDA to higher same-store sales volume, improved
store economics, and lower corporate overhead. (Reuters 07:11 AM
ET 02/19/98)