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.
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