The Steak n Shake Company (SNS) Reports Strong Fourth Quarter
The Steak n Shake Company reported net income of $3.4 million, or $0.21 per share, in the fourth quarter of fiscal 2009. This was a strong improvement from the net loss of $9.2 million, or $0.32 per share, in the same quarter last year. The Steak n Shake Company also saw a recovery of traffic due to an upturn in the economy. The company reported a same-store sales increase of 10% in the fourth quarter of 2009 over the fourth quarter of fiscal 2008. The Steak n Shake Company reported cash and equivalents of $51.4 million as of 9/30/2009, compared…