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Quotes & Info
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| BAGL > SEC Filings for BAGL > Form 8-K on 7-Nov-2008 | All Recent SEC Filings |
7-Nov-2008
Regulation FD Disclosure
The Company held a conference call which is archived on the Company's website at www.einsteinnoah.com, and in response to questions stated the following:
† Per our debt covenants as defined in our loan agreement, we are required to maintain a debt to consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) ratio of 2.75 or less. The Company's ratio was below 2.2 as of September 30, 2008.
† The Company also stated that comparable store sales leveled out in September 2008 and remained approximately 2.6 percent down for the month of October 2008.
† Finally, the Company responded that the reduction in hours affected comparable store sales by well over 1% and that our comparable store sales would have been close to flat had we not changed these hours.
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