Real Mex Restaurants, Inc. Files 2nd Quarter 2009 10-Q
Real Mex Restaurants, Inc. filed its 2009 Form 10-Q for the second quarterly period ended June 28, 2009 on Wednesday, August 12, 2009. The results indicate that total revenues decreased $16.6 million or 10.9% to $135.9 million in the second quarter of 2009, from $152.5 million in the second quarter of 2008.
Operating Income before impairment charges, depreciation and amortization decreased $1.2 million or 8.2% in the second quarter of 2009, to $13.0 million, from the second quarter of 2008. The Company is required under its new loan agreements, described more fully in the filed 10-Q, to maintain no less than $32.0 million in consolidated cash flow, as defined in the new loan agreements, for the most recent four fiscal quarters. The Company anticipates that its consolidated cash flow for 2009 will be in the $36 to $38 million range.
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