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EARNINGS

 
Published Jan. 31, 2004|Updated Aug. 27, 2005

Shells Seafood Restaurants Inc.

A rough fourth quarter left the Tampa restaurant chain in the red for 2003, compared with a profitable 2002. Same store sales at Shells' 28 restaurants, all in Florida, fell 6.5 percent in the quarter ended Dec. 28 and 5.1 percent in 2003. The company said it expects to refinance $2-million in notes that will come due Jan. 31, 2005, or obtain alternative financing, though acknowledging such options may not be available. Shells' cash balance as of Dec. 28 was $724,000, down from $2.5-million a year earlier.

4th Qtr Year Ago

Revenue $9-mil $9.6-mil

Net Income -$1.2-mil -$303,000

Per Share -27 cents -7 cents

2003 2002

Revenue $44-mil $47.2-mil

Net Income -$1-mil $677,000

Per Share -23 cents 7 cents

Wendy's International Inc.

The third-largest U.S. hamburger chain operator reported fourth-quarter earnings increased 28 percent, helped by new menu items, strong sales and a favorable Canadian exchange rate for its Tim Hortons chain. Earnings were 2 cents a share higher than expected.

4th Qtr Year Ago

Revenue $862.4-mil $711.6-mil

Net Income $64.7-mil $50.7-mil

Per Share 56 cents 44 cents

2003 2002

Revenue $3.1-bil $2.7-bil

Net Income $236-mil $219-mil

Per Share $2.05 $1.89

ChevronTexaco Corp.

ChevronTexaco's fourth quarter profit nearly doubled, capping a year in which the oil giant cashed in on high fuel prices to snap out of a malaise. Results exceeded the $1.59 a share expected.

4th Qtr Year Ago

Revenue $30.5-bil $27.1-bil

Net Income $1.7-bil $904-mil

Per Share $1.63 85 cents

2003 2002

Revenue $120-bil $98.7-bil

Net Income $7.2-bil $1.1-bil

Per Share $6.96 $1.07

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