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Published on 10/31/2011 in the Prospect News Distressed Debt Daily.

Perkins & Marie reports $2.17 million net income for Sept. 5 to Oct. 2

By Caroline Salls

Pittsburgh, Oct. 31 - Perkins & Marie Callender's Inc. reported $2.17 million of net income for the period of Sept. 5 to Oct. 2 on $19.89 million in total revenues, according to its monthly operating report filed Oct. 31 with the U.S. Bankruptcy Court for the District of Delaware.

During the period of Aug. 8 to Sept. 4, Perkins & Marie posted a $4.06 million net loss on $20.36 million in total revenues.

Perkins had $5.77 million in cash and cash equivalents at Oct. 2, and Marie Callender's had $390,000, the report said.

Perkins & Marie Callender's, a Memphis-based operator and franchiser of full-service restaurants, filed for bankruptcy on June 13. The Chapter 11 case number is 11-11795.


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