Sbarro Inc. released numbers for their 2009 third quarter ended Sept. 27. The company said large income losses were primarily due to low comparable unit sales.
 
While the company didn't release exact comp sales figures, it reported a 5.2 perent decrease in company-owned comparable-unit sales, which it primarily attributed to reduced mall traffic. Domestic franchise comparable-unit sales declined 7.1 percent while international franchise comparable-unit sales declined 27.3 percent, which the company attributed to the strengthening of the U.S. dollar relative to virtually all foreign currencies. 
 
Revenues for the third quarter were down 7 percent: $85.5 million for the quarter ended Sept. 27, 2009, as compared to revenues of $91.9 million for the quarter ended Sept. 28, 2008. 
 
Revenues were $245.2 million for the nine months, compared to revenues of $260.5 million for the nine months ended Sept. 28, 2008, a 6 percent decrease. The decrease in revenues was primarily due to a decrease in company-owned comparable-unit sales and lost sales from stores strategically closed, offset by revenues generated by new company-owned stores opened in 2008 and 2009.
 
Net loss attributable to Sbarro Inc. for the quarter ended Sept. 27 was $24.5 million as compared to a net loss of $1.2 million for the same period last year, a 1,942 percent loss increase.  
 
Net loss attributable to Sbarro, Inc. was $36.7 million for the first nine months of 2009 as compared to a net loss of $8.9 million for the first nine months of 2008, a 312 percent increase in loss. This increase in net loss was primarily the result of a decrease in comparable-unit sales and royalties on franchise sales, partially offset by cost savings initiatives and reduced commodity costs.

Related Content

User Comments – Give us your opinion!
Products & Services

Digital Menu Boards

http://global.networldalliance.com/new/images/products/6681.png

6681/Digital-Menu-Boards

Nationwide Criminal Records

http://global.networldalliance.com/new/images/products/Criminal_Search_iix.gif

1427/Nationwide-Criminal-Records

Can you prove your restaurant POS is PCI-compliant?

http://global.networldalliance.com/new/images/products/1292.png

1292/Can-you-prove-your-restaurant-POS-is-PCI-compliant

Dual Core Menu Board Media Player - $99

http://global.networldalliance.com/new/images/products/6677.png

6677/Dual-Core-Menu-Board-Media-Player-99

Sourcing

http://global.networldalliance.com/new/images/products/6407.png

6407/Sourcing

Quad Core Menu Board Media Player - $199

http://global.networldalliance.com/new/images/products/6679.png

6679/Quad-Core-Menu-Board-Media-Player-199

Online Ordering

http://global.networldalliance.com/new/images/products/4285.png

4285/Online-Ordering

Food Cost Management

http://global.networldalliance.com/new/images/products/6401.png

6401/Food-Cost-Management

Solutions

http://global.networldalliance.com/new/images/products/4551.png

4551/Solutions

Mobile Ordering

http://global.networldalliance.com/new/images/products/5933.png

5933/Mobile-Ordering

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.