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O.C. BUSINESS PLUS | O.C. EARNINGS

Barbecue Chain Reports a 58% Profit Decrease

March 15, 2001

Barbeques Galore Ltd., an Irvine chain of specialty retail stores, posted fourth-quarter net income of $1.4 million, or 30 cents a share, down nearly 58% from $3.3 million, or 71 cents a share, for the 1999 fourth quarter. Sales for the quarter ended Jan. 31 declined 4% to $52 million. For the fiscal year, net income fell 38% to $2.5 million, or 52 cents a share, from $4 million, or 87 cents a share, the previous year. Sales rose 4% to a record $172.4 million.

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