Benihana Inc. Reports Fiscal First Quarter 2010 Results

Aug 31st, 2009

MIAMI CRWENewswire.com is pleased to announce a stock highlight on Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation’s largest chain of Japanese theme and sushi restaurants, today reported results for its 16-week fiscal first quarter ended July 19, 2009.

Fiscal First Quarter 2010 Results

Richard C. Stockinger, Chief Executive Officer, said, “We are operating our business in perhaps the most difficult environment we have seen in decades, and the economic downturn continues to take its toll on our industry.”

“As previously announced, we have formulated a comprehensive strategy to rebuild sales momentum through the Benihana Renewal Program and are confident that over time, we can improve guest perceptions of Benihana Teppanyaki as it relates to five key attributes of the dining experience: image, value, quality, consistency, and lack of Japan. We are improving the quality of the food and beverages, raising the level of our service standards, and creating more awareness and closer relationships with our guests so that they will celebrate their special occasions as well as their more routine ‘dining-out’ experiences with us. With the successful implementation of these initiatives, we are confident that we will pull through and emerge with a much stronger Benihana brand.”

“We are pleased with the recent performance of RA Sushi, which has turned in positive comparable sales during the quarter, and was also able to expand its restaurant operating margins.”
tions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company’s actual results to differ materially from those indicated in any forward-looking statements.

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