| Business Summary | | Shells
Seafood
Restaurants,
Inc.,
is
a
seafood
restaurant
that
offers
a
wide
selection
of
seafood
items.
The
Shells
concept
is
designed
to
appeal
to
a
broad
range
of
customers,
particularly
families
and
young
adults,
by
serving
generous
portions
of
high-
quality
seafood
and
offering
friendly
and
efficient
service
at
an
attractive
price
point.
As
of
December
31,
2000,
the
Company
owned
40
Shells
restaurants,
owned
a
51%
ownership
interest
in
one
Shells
restaurant
and
managed
four
additional
Shells
restaurants
pursuant
to
contractual
arrangements.
Of
these
45
Shells
restaurants,
31
were
located
in
Florida,
eight
were
located
in
Ohio,
three
were
located
in
Illinois,
two
were
located
in
Indiana
and
one
was
located
in
Kentucky. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Shells
Seafood
Restuarants
manages
and
operates
45
full
service,
casual
dining
seafood
restaurants
in
FL,
IL,
IN,
KY,
and
OH
under
the
name
Shells.
For
the
13
weeks
ended
4/1/01,
revenues
decreased
16%
to
$21.7
million.
Net
loss
totaled
$3
million
vs.
an
income
of
$986
thousand.
Revenues
reflect
a
decrease
in
same
store
sales
and
the
closing
of
ten
restaurants.
Net
loss
also
reflects
increased
cost
of
restaurant
sales
as
a
percentage
of
revenues
due
to
higher
shrimp
costs. Recent Earnings Announcement For
the
13
weeks
ended
07/01/2001,
revenues
were
14,998;
after
tax
earnings
were
107. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Philip Chapman, 39 Chairman | -- | David Head, 44 Pres,
CEO | -- | Warren Nelson, 49 CFO,
Exec. VP, Treasurer, Sec. | $134K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|