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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 12, 2000
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FRISCH'S RESTAURANTS, INC.
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(Exact name of registrant as specified in its charter)
OHIO
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(State or other jurisdiction of incorporation or organization)
1-7323 31-0523213
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(Commission File Number) (I.R.S. Employer Identification No.)
2800 GILBERT AVENUE, CINCINNATI, OHIO 45206
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 513-961-2660
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Item 5. Other Events.
The Registrant wishes to report quarterly financial data for its
fiscal year that ended May 28, 2000 that will be presented as prior year data in
Forms 10-Q during fiscal year 2001. (See the page following the signature page.)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
FRISCH'S RESTAURANTS, INC.
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(registrant)
DATE July 12, 2000
BY /s/ DONALD H. WALKER
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Donald H. Walker
Vice President - Finance and
Principal Financial Officer
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FRISCH'S RESTAURANTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF EARNINGS
(UNAUDITED)
<TABLE>
<CAPTION>
Quarterly Quarterly Quarterly Quarterly
(16 weeks) (12 weeks) (12 weeks) (12 weeks)
September 19, December 12, March 5, May 28,
1999 1999 2000 2000
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<S> <C> <C> <C> <C>
REVENUE
Sales $48,522,690 $39,320,205 $37,215,596 $40,788,014
Other 399,621 302,848 297,414 353,412
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Total revenue 48,922,311 39,623,053 37,513,010 41,141,426
COSTS AND EXPENSES
Cost of sales
Food and paper 15,819,885 12,926,656 12,312,158 13,562,756
Payroll and related 16,663,553 13,611,417 13,092,185 13,919,433
Other operating costs 10,488,625 8,367,638 7,653,550 7,720,448
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42,972,063 34,905,711 33,057,893 35,202,637
Administrative and advertising 2,840,590 2,061,973 2,003,134 2,319,281
Interest 642,955 497,404 620,599 649,485
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Total costs and expenses 46,455,608 37,465,088 35,681,626 38,171,403
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Earnings from continuing operations
before income tax 2,466,703 2,157,965 1,831,384 2,970,023
Income taxes 839,000 733,000 623,000 1,155,929
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EARNINGS FROM CONTINUING OPERATIONS 1,627,703 1,424,965 1,208,384 1,814,094
INCOME (LOSS) FROM DISCONTINUED OPERATIONS
(NET OF APPLICABLE TAX) 123,030 23,353 (353,699) 277,711
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NET EARNINGS $ 1,750,733 $ 1,448,318 $ 854,685 $ 2,091,805
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Basic and diluted net earnings per share of common stock:
Continuing operations $ .27 $ .25 $ .22 $ .34
Discontinued operations $ .03 $ .00 -$.06 $ .04
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$ .30 $ .25 $ .16 $ .38
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