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SUMMIT FAMILY LOSES $678,000 FOR QUARTER

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Summit Family Restaurants Inc., formerly JB's Restaurants Inc., lost $678,000 or 14 cents per share on revenues of $27.1 million in the quarter ending March 31 compared with a net loss of $290,000 or six cents per share on revenue of $25.7 million in the same quarter a year ago.

Don M. McComas, president and chief executive officer, said for the six months ending March 31, the company lost $1.6 million or 32 cents per share on revenue of $54.3 million compared with a net loss of $827,000 or 17 cents per share on revenue of $49.9 million in the same period a year ago.He said revenue increased because the company added HomeTown Buffet Restaurants. Earn-ings were adversely affected by soft sales in the company's JB's Restaurants as food and labor costs as a percentage of sales were up.