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Sizzler Quarterly Profit More Than Doubles

California: News and Insight on Business in the Golden
State | THE STATE / EARNINGS

November 19, 1998|Reuters

Restaurant operator Sizzler International Inc. reported beefed-up profits on strong gains from both its domestic and international restaurants. The Los Angeles-based company said its quarterly net income more than doubled to $1.6 million, or 6 cents a share, compared with $776,000, or 3 cents, in the same period a year earlier. "In the past two years, we have changed from a company with operating losses in our largest market, the U.S., to a company with growing, increasingly profitable domestic and international operations," Chief Executive James Collins said in a statement. Sizzler shares fell 13 cents to close at $2.38.

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