USA: American Restaurant Group sees drop in Q2 sales
Los Altos, California-based-restaurant chain American Restaurant Group has announced a US$1.7m drop in sales at its 109 Stuart Anderson's Black Angus Restaurants during its Q2 ended 1 July. Sales fell to US$74.6m from US$76.3m year on year. In the 103 base restaurants, sales decreased by 5.1% in the Q2 2002, year on year, primarily due to four fewer weeks of television advertising in 2002 than in the comparable period of 2001. As a result, operating profit declined to US$5.4m from US$6.5m in the Q2 2001. There were 109 Black Angus restaurants operating at the end of the Q2 2002 and 105 Black Angus restaurants operating as of 25 June 2001.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast