More Resources

Check amounts increase, Rubio's earnings tick up.(Rubio's Restaurants Inc.'s financial news)(Financial report)(Brief article)


San Diego-based Rubio's Restaurants, traded on Nasdaq as RUBO, reported net income of $512,000. or 5 cents a share in the second quarter, an increase of 53 percent from $335,000, or 3 cents per share in the same quarter a year ago.

Rubio's reported its earnings Aug. 3.

Revenue during the recent quarter totaled $48.7 million, up 8 percent from $45.1 million reported in the second quarter of 2008.

Comparable stores sales--for those operating more than 15 months--was up 0.9 percent versus a decrease of 3.9 percent in the second quarter of 2008. According to the Mexican food chain, which counts more than 180 locations, the "impact of increased check amounts per person more than offset a decline in customer visits."

Shares of Rubio's have ranged from $2.16 to $6.54 over the past 52 weeks.

COPYRIGHT 2009 CBJ, L.P. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


Marketplace

Learn how to distribute a press release

Try our new online printing. theupsstore.com/print
Today on Entrepreneur

Sign Up for the Latest in:
Online Business
Franchise News
Starting a Business
Sales & Marketing
Growing a Business

E-mail*

Zip Code*