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VALLEY EARNINGS

Hamburger Hamlets Sales, Earnings Off for Quarter

November 12, 1985

Hamburger Hamlets Inc. reported 21% lower earnings and 7% lower sales for the 13 weeks ended Sept. 29, contrasted with the 14 weeks ended Sept. 30 last year.

Net income for the Sherman Oaks-based company's fiscal second quarter was $284,000, or 39 cents a share, contrasted with $361,000, or 50 cents, for the same period in 1984. Sales were $9.5 million for the most recent quarter, down from $10.1 million last year.

Company President Harry L. Lewis noted that last year's quarter contained an extra week for an accounting adjustment and that one of the company's 22 restaurants nationwide was not operating during the most recent quarter. The Encino eatery was closed for remodeling and expansion.

Paul Brockman, vice president and chief financial officer, added that the company suffered insurance-rate increases this year and that profits during the year-ago quarter were swelled by business from the Olympics.

For detailed data and results of other companies, please see tables, Page 12.

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