Sbarro Inc. announced results of operations for the fourth quarter and the fiscal year ended Dec. 27, 2009. The company sustained a 4.6 percent decrease in company-owned comparable-unit sales for the quarter. Domestic franchise comparable-unit sales declined 6.2 percent. Without consideration for foreign currency fluctuations, international franchise comparable-unit sales declined 4.4 percent.
For the year, there was a 4.9 percent decrease in company-owned comparable-unit sales. Domestic franchise comparable-unit sales declined 5.6 percent. Without consideration for foreign
currency fluctuations, international franchise comparable-unit sales declined 7.8 percent. The decrease in company-owned and domestic franchise comparable-unit sales primarily reflects continued reduced mall traffic throughout the United States as a result of the current economic environment, according to a company statement.
Revenues were $94.0 million for the quarter ended Dec. 27, 2009, as compared to revenues of $98.7 million for the quarter ended Dec. 28, 2008, a decrease of 3 percent. Revenues were $339.3 million for the year ended Dec. 27, 2009, as compared to revenues of $359.2 million for the year ended Dec. 28, 2008, a decrease of 6 percent.
Net loss attributable to Sbarro in December 2009 was $499,000 vs. $82 million loss in December '08, an increase of 100 percent. For fiscal year ended Dec. 27, 2009, net loss was $37 million vs. $91 million loss for the fiscal year ended Dec. 27, 2008, an increase of 59 percent.
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