| |
| | Business Wire: Piccadilly Cafeterias, Inc. Announces Fiscal 19... @ HighBeam Research (Site not responding. Last check: 2007-11-07) |
 | | This writedown included certain Piccadilly units expected to close in connection with the acquisition of Morrison Restaurants, Inc. Excluding the writedown, income for fiscal 1998 was $10,079,000, or $0.96 per share, an increase of 7% over the prior year. |
 | | During fiscal 1998, Piccadilly opened five cafeterias, one of which was a replacement unit, completed the conversion of 17 Piccadilly Express take-out shops, and closed three underperforming units. |
 | | Piccadilly currently operates a total of 265 cafeterias in 17 states, 134 under the Morrison's name and 131 under the Piccadilly name. |
| www.highbeam.com /library/doc0.asp?DOCID=1G1:50202639&refid=ip_encyclopedia_hf (671 words) |
|