Boston Chicken Reports 115% Increase in Second Quarter Net Income; Earnings Per Share of $.24; Einstein/Noah Bagel Corp. Reports its First Profitable Quarter.

Extract


Boston Chicken Reports 115% Increase in Second Quarter Net Income; Earnings Per Share of $.24; Einstein/Noah Bagel Corp. Reports its First Profitable Quarter.

GOLDEN, Colo.--(BUSINESS WIRE)--Aug. 13, 1996--Boston Chicken, Inc. (NASDAQ-NMS:BOST) today reported financial results for its second quarter and year-to-date ended July 14, 1996, compared with results for the second quarter ended July 9, 1995. Highlights include:

Second Quarter -- Company revenue increased 86% to $64,561,000 from $34,800,000. -- Operating income increased 107% to $29,860,000 from $14,412,000. -- Net income increased 115% to $15,916,000 from $7,420,000. -- Earnings per share increased 60% to $.24 from $.15. -- Boston Market(R) systemwide gross revenue increased 52% to

$260,472,000 from $171,374,000.

Year-to-date -- Company ...

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