Net reviews alex rodriguez income for texas rangers badge displays fiscal 2009, exclusive of these charges, was $9.5million, or $0.55 in diluted earnings per share. Fiscal Year 2010 GuidanceThe Company is providing the following guidance for fiscal year 2010:* Total restaurant sales of $305 million to $310 million. Total restaurantoperating weeks are estimated to be between 5,000 and 5,075; * The opening of four new restaurants, including one Benihana teppanyaki andthree RA Sushi restaurants, all in the first half of the fiscal year. The RASushi in Atlanta, Georgia and the new Benihana teppanyaki in Orlando, Florida,have already opened; * Cost of sales are expected to remain favorable on a percentage basis with theprior fiscal year through the first quarter of fiscal 2010. However, cost ofsales as a percentage of sales will revert to fiscal 2009 levels with therollout of enhanced menu items at Benihana teppyanyaki, beginning in the secondfiscal quarter; * Capital expenditures of approximately $15 million; * Reduction in outstanding debt by approximately $6 million, resulting in anoutstanding balance of approximately $27.5 million; * Diluted earnings per share of $0.40 to $0.45. Diluted common sharesoutstanding are estimated to be approximately 18.7 million shares.There is currently one additional Benihana teppanyaki restaurant underdevelopment in East Rutherford (Meadowlands), New Jersey.
There is also oneadditional RA Sushi restaurant under development in Orlando, Florida baseball tickets . TheCompany elected to terminate the leases for the Benihana teppanyaki restaurantsthat were planned for Chicago, Illinois and Westwood (Boston), Massachusetts, aswell as the lease for the RA Sushi restaurant that was planned for Westwood(Boston), Massachusetts texas rangers badges . The above discussion contains certain non-GAAP financial measures as definedunder SEC rules, such as net (loss) income and diluted (loss) earnings pershare, adjusted in each case to exclude certain items disclosed above walker texas rangers . TheCompany believes that each of the foregoing non-GAAP financial measures improvesthe transparency of the Company`s disclosure, provides a meaningful presentationof the Company`s results from its ongoing operations excluding the impact ofitems not related to the Company`s ongoing operations, and improves theperiod-to-period comparability of the Company`s results from its ongoingoperations.Conference Call TodayThe Company will hold a conference call to discuss its fiscal fourth quarter andfull year 2009 results today at 5:00 PM ET texas rangers badge . The conference call can be accessed live over the phone by dialing1-888-228-5193, or for international callers, 1-913-981-5526. A replay will beavailable one hour after the call through July 6, 2009 and can be accessed bydialing 1-888-203-1112, or for international callers, 1-719-457-0820; theconference ID is 2672841. The call will also be webcast live from the investorrelations portion of the Company's website at About BenihanaBenihana Inc.
and Subsidiaries Balance Sheet Data (Unaudited) (in thousands) 29-Mar-0930-Mar-08Assets Cash and cash equivalents $3,891$1,718 Other current assets 13,62117,897Total current assets 17,51219,615 Property and equipment, net203,299 184,176 Goodwill 18,02029,900Other assets 18,2967,963$257,127$241,654Liabilities and Stockholders` Equity Other current liabilities $36,566 $35,102Total current liabilities36,56635,102 Long-term debt-bank33,35117,422Other liabilities15,23712,065Total liabilities85,15464,589 Convertible preferred stock19,53619,449Total stockholders` equity 152,437 157,616$257,127$241,654ICRRaphael Gross or Tom Ryan, 203-682-8200 Copyright Business Wire 2009 michael young autograph . and Subsidiaries Restaurant Operating Margins (Unaudited)Thirteen Periods Ended 29-Mar-0930-Mar-08 Restaurant sales 100.00% 100.00% Cost of food and beverage sales23.91 % 23.62 % Gross profit margin76.09 % 76.38 %Restaurant operating expenses: Labor and related costs34.28 % 34.10 % Restaurant supplies2.42% 2.32% Credit card discounts1.90% 1.89% Utilities3.06% 2.69% Occupancy costs6.49% 5.97% Depreciation and amortization5.96% 5.62% Other restaurant operating expenses8.06% 7.75% Total restaurant operating expenses62.17 % 60.33 %Restaurant operating profit margin 13.92 % 16.05 % Benihana Inc texas rangers badges . (Nasdaq: BNHNA) (Nasdaq: BNHN) operates 97 restaurants nationwide,including 65 Benihana teppanyaki restaurants, nine Haru sushi restaurants, and23 RA Sushi Bar restaurants walker texas rangers . and Subsidiaries Restaurant Operating Margins (Unaudited)Three Periods Ended29-Mar-0930-Mar-08 Restaurant sales 100.00% 100.00% Cost of food and beverage sales23.27 % 23.91 % Gross profit margin76.73 % 76.09 %Restaurant operating expenses: Labor and related costs32.53 % 34.67 % Restaurant supplies2.44% 2.40% Credit card discounts1.85% 1.88% Utilities2.96% 2.88% Occupancy costs6.89% 6.07% Depreciation and amortization5.96% 5.90% Other restaurant operating expenses8.56% 8.40% Total restaurant operating expenses61.17 % 62.19 %Restaurant operating profit margin 15.55 % 13.90 %Benihana Inc . Under development at present are four restaurants-- one Benihana teppanyaki restaurants and three RA Sushi restaurants.
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