Ground Round Restaurants. (Proxy Report Excerpts) (Company Profile)

 
THE BUSINESS 
Headquarters:                Braintree 
Stock symbol:                      GRX 
Market:                            ASE 
Annual revenue:           $226,466,000 
Net income:                     $4,646 
Employees:                       9,700 
Product/service:      Restaurant chain 
Year founded:                     1969 

Fiscal 1992 saw jumps in both revenue and operating income for Ground Round Restaurants. The present owners acquired the restaurant chain in November 1989, and in September 1991 discontinued all non-restaurant operations. That move forced a net loss of $3.1 million in fiscal 1991 and made 1992's gain of $4.6 million appear all the more …