Net income at the Austin-based quick-service restaurant chainwas $489,000 or seven cents per share on revenues of $15.9 million.That compares with net income of $751,000 or 10 cents per share onrevenues of $16.1 million in the 2001 second quarter.

In an earnings release, the company blamed the drop-off to weakeconomies in key markets, less national advertising and comparisonto a record 2001 second quarter. John Wooley, Schlotzsky'spresident and CEO, said the company will continue to invest in itsbrand, including adapting restaurant layouts. "We're makingimprovements to new restaurant designs, both for franchisees whoprefer shopping center spaces as well as for our company-ownedrestaurants, for which we are developing a larger bakery/cafeformat," he said in the statement.

The company has 671 restaurants in the US and nine foreigncountries. That's down from 701 restaurants in the 2001 secondquarter. The company owns and operates 35 restaurants directly andis due to purchase its largest area developer territory later thismonth.

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