The Spectra Group of Great Restaurants Inc.
TSX : SPA
TSX : SPA.A

The Spectra Group of Great Restaurants Inc.

July 19, 2005 13:27 ET

The Spectra Group of Great Restaurants Inc.: First Quarter Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 19, 2005) - The Spectra Group of Great Restaurants Inc. (TSX:SPA)(TSX:SPA.A) announces its financial results for the first quarter ended June 19, 2005.

For the twelve weeks ended June 19, 2005 Earnings Before Interest, Income Taxes, Depreciation and Amortization (EBITDA) from continuing operations were $0.06 per share ($0.10 in 2004). Earnings per share from continuing operations were $0.00 ($0.02 in 2004) for the same period.



Summary of Financial Results ($000's)

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12 Weeks Ended
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June 19, June 20,
2005 2004

Total sales, from continuing
operations 10,143 10,350
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Earnings before interest, taxes
and depreciation, from continuing operations 414 697
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EBITDA per share 0.06 0.10
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Earnings (loss) from continuing operations (9) 168

Earnings (loss) from discontinued operations,
net of income taxes 17 (32)
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Net earnings 8 136
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Net earnings per share from continuing
operations $0.00 $0.02

Net earnings (loss) per share $0.00 $0.02

Weighted average shares outstanding (000's) 7,366 7,307
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The Spectra Group of Great Restaurants is a multi-concept restaurant group currently operating in British Columbia and Washington State. Headquartered in Vancouver, Spectra has a system total of 27 restaurants and 82 express locations, including the Bread Garden, the Boathouse, Yankee Grill and Roaster, and, under license from Brinker International, Romano's Macaroni Grill.

Spectra's shares trade on the Toronto Stock Exchange under the symbols "SPA" and "SPA.A".

ON BEHALF OF THE BOARD OF DIRECTORS:

PETER J. BONNER, Chief Executive Officer

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.

Contact Information

  • The Spectra Group of Great Restaurants Inc.
    Richard C. Benmore
    Chief Financial Officer
    (604) 714-6500
    (604) 714-6540 (FAX)
    or
    The Spectra Group of Great Restaurants Inc.
    General Investor Information
    (604) 714-6584