August 3, 2007
Friendly dips into loss
By Matthew L. Brown
The Friendly Ice Cream Corp. of Wilbraham reported a second-quarter net loss of $288,000 on revenue that actually grew by 0.5 percent to $142.2 million.
Sales at company operated restaurants were flat during the quarter, and posted a 0.3 percent sales decrease, the company said. Three new Friendly's franchises were opened during the quarter.
Franchise restaurant sales fell 2.7 percent during the quarter, according to the company.
Sales at company operated restaurants were flat during the quarter, and posted a 0.3 percent sales decrease, the company said. Three new Friendly's franchises were opened during the quarter.
Franchise restaurant sales fell 2.7 percent during the quarter, according to the company.
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