upbeat earnings forecast

135
Preliminary Results for Fiscal 2020 Second Quarter

upbeat earnings forecast amid the coronavirus outbreak.

predicted second-quarter earnings per share of 52 cents to 54 cents for the period ended June 28, compared with breakeven EPS last year.

preliminary results for revenues, which dropped 5.4% to $228 million, and comps, which declined 4.2%. Although same-store sales fell 28.2% in the first half of the quarter, the gradual reopening of its locations across the country have resulted in a 15.5% improvement in the second half of that period.

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