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BUSINESS ANALYSIS DECADAL
: ILFO is engaged in restaurant operations and the production and sale of Italian bakery products for the wholesale and retail market. As of 12/99, the Co. owned 21 restaurants & 3 wholesale bakeries. For the 3 months ended 3/26/00, totalled revenues rose 26% to $29.6M. Net income fell 7% to $872K. Results reflect the opening of new restaurants and an increase in comparable restaurant sales, offset by higher salary and related benefits costs.
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