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

The Spectra Group of Great Restaurants Inc.

October 13, 2005 18:06 ET

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

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2005) - The Spectra Group of Great Restaurants Inc. (TSX:SPA)(TSX:SPA.A) announces its financial results for the Second Quarter ended September 11, 2005. For the twelve weeks ended September 11, 2005 Earnings Before Interest, Income Taxes, Depreciation and Amortization (EBITDA) from continuing operations were $0.15 per share ($0.15 in 2004). Earnings per share from continuing operations were $0.05 ($0.06 in 2004) for the same period.



Summary of Financial Results ($000's)

12 Weeks Ended: 24 Weeks Ended:
---------------- ---------------
Sept. Sept. Sept. Sept.
11/05 12/04 11/05 12/04

Total sales from continuing
operations 11,821 11,370 21,964 21,720
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Earnings from continuing
operations before interest,
taxes, and amortization 1,133 1,105 1,547 1,802
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EBITDA per share $ 0.15 $ 0.15 $ 0.20 $ 0.25
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Earnings from continuing
operations 408 415 399 583

Loss from discontinued
operations, net of income
taxes (4) (92) 13 (124)
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Net earnings 404 323 412 459
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Earnings per share from
continuing operations $ 0.05 $ 0.06 $ 0.05 $ 0.08

Earnings per share $ 0.05 $ 0.04 $ 0.05 $ 0.06

Weighted average shares
outstanding (000's) 7,807 7,307 7,586 7,307


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 23 restaurants and 85 express locations, including the Bread Garden, the Boathouse, Red Door, 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