>J. ALEXANDER’S CORPORATION REPORTS RESULTS

Share Button

>NASHVILLE, TN., July 28, 2009 ‐‐ J. Alexander’ Corporation (NASDAQ: JAX) today
reported operating results for the second quarter and first half of 2009.
A summary of the second quarter of 2009 compared to the second period of 2008
follows:
• Net sales were $34,710,000 as compared to $34,767,000 recorded in the
second quarter of 2008.
• Average weekly same store sales per restaurant declined by 7%.
• The loss before income taxes was $1,431,000 compared to income before
income taxes of $950,000 in the second quarter of 2008.
• An income tax benefit of $635,000 was recorded for the second quarter of
2009 compared to a tax benefit of $273,000 for the second quarter of 2008.
The benefit for the second quarter of 2008 was due to the effect of lowering
the estimated annual effective tax rate for 2008 during that quarter primarily
because of lower estimates of pre‐tax income for the year.
• The net loss was $796,000 compared to net income of $1,223,000 in the
second period of 2008, and the loss per share was $ .13 compared to diluted
earnings per share of $ .18 in the second quarter of 2008.

Read more:
http://www.jalexanders.com/investor/reports/July_28_09.pdf

About the Author