J. Alexander’s Holdings, Inc. Reports Results for Fourth Quarter and Full Year Ended January 3, 2021; Sales Recovery Continues in Fiscal 2021; Fourth Quarter Operating Cash Flows Beats Pri...
J. Alexander's Holdings, Inc. (JAX)
US:NASDAQ Investor Relations:
investor.jalexandersholdings.com
Company Research
Source: Business Wire
NASHVILLE, Tenn.--(BUSINESS WIRE)--J. Alexander’s Holdings, Inc. (NYSE: JAX) (the “Company”), owner and operator of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill and other restaurants, today provided a business update and reported results for the fourth quarter and year ended January 3, 2021. Fiscal 2020 included 53 weeks as compared to 52 weeks in fiscal 2019, and the fourth quarter of fiscal 2020 included 14 weeks as compared to 13 weeks in the corresponding period of fiscal 2019.Mark A. Parkey, Chief Executive Officer of J. Alexander’s Holdings, Inc., stated, “As we approach the one-year anniversary of the mid-March 2020 mandated dining room closures after the onset of the novel coronavirus (COVID-19) pandemic, I want to take this opportunity to reflect on the resilience and perseverance that our restaurant management and hourly teams have demonstrated over the last twelve months- all while adapting to a new business model that includes carry-out, restricted
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