WICHITA, Kan., June 19, 2002 (PRIMEZONE) -- Lone Star Steakhouse & Saloon, Inc. ("Lone Star") (Nasdaq:STAR) reaffirms its guidance given in its May 6, 2002 press release of sales ranging from $596 million to $606 million, adjusted EBITDA of $95 million to $100 million and Earnings per Share of $1.56 to $1.63 for the fiscal year ending December 31, 2002.
Company officials indicated that they believed Earnings per Share should grow at a rate of 15-20% in fiscal years 2003 and 2004.
Lone Star Steakhouse & Saloon, Inc. owns and operates a chain of 249 domestic and 25 international Lone Star Steakhouse & Saloon restaurants. The Company also owns and operates five Del Frisco's Double Eagle Steak Houses and 15 Sullivan's Steakhouses.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements contained in the press release will prove to be accurate.