Main St. & Main posts 15.5% decline in 1st Q – Finance – Brief Article
PHOENIX — Main Street and Main Inc., which is the largest T.G.I. Friday’s franchisee, said net income for the first quarter fell 15.5 percent to $1.1 million, and diluted earnings per share fell to 8 cents from 9 cents. Revenue of $57.6 million rose 4.1 percent, while same-store sales were 1.2 percent lower, compared with year-ago results. The company operates 60 T.G.I. Friday’s, five Redfish, 10 Bamboo Club and one Alice Cooper’stown restaurants.
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