October 1, 2007
Buffets Holdings, Inc. NAICS 722211
1460 Buffet Way Eagan, MN 55121 Description Restaurants
(651) 994-8608 Employees 38000
http://www.buffet.com Revenue (mil) 1387.4900
  Income (mil) 105.5200
  Assets (mil) 952.3000
  Liability (mil) 1140.8400
  (for the year ended 2007-06-27)
Category: Loss/Deficit
Event: Buffets Holdings Inc. posted a net loss of $105,523,000 on $1,387,489,000 of total restaurant sales for the year ended June 27, 2007, as compared with a net loss of $4,772,000 on $928,624,000 of total restaurant sales for the year ended June 28, 2007. The company's consolidated balance sheet at June 27, 2007, showed $952,299,000 in total assets and $1,140,838,000 in total liabilities, resulting in a $188,539,000 total stockholders' deficit. The Company's balance sheet also showed strained liquidity with $107,659,000 in total current assets available to pay $237,782,000 in total current liabilities.
Intellectual Property: The Company has restaurants operating under trademarks or service marks that are registered with the United States Patent and Trademark Office, including Old Country Buffet®, HomeTown Buffet®, Country Buffet®, Granny’s Buffet®, Fire Mountain®, Ryan’s®, Tahoe Joe’s Famous Steakhouse®. [SEC Filing 10-K 09-25-07]
Description: The Company operates buffet restaurants mostly under the Old Country Buffet and HomeTown Buffet brands. The Company's locations are self-service buffets featurng entrees, sides, and desserts for an all-inclusive price.
Officers: Frederick J. Iseman (Chair); Roe H. Hatlen (Vice Chair); R. Michael Andrews, Jr. (CEO); Mario O. Lee (EVP); A. Keith Wall (EVP& CFO); Karlin A. Linhardt (EVP); Fred P. Williams (EVP); H. Thomas Mitchell (EVP, Gen. Counsel & Sec.); Jane L. Binzak (EVP); Linda J. Allison (EVP); Ankur A. Vora (Dir.); Steven M. Lefkowitz (Dir.); Robert A. Ferris (Dir.); David S. Lobel (Dir.); Robert M. Rosenberg (Dir.)
Auditor: Deloitte & Touche LLP
Securities: 3,104,510 common shares outstanding as of Sept. 25, 2007. 11.25% senior subordinated notes due July 15, 2010.
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