J. ALEXANDER’S WARNS OF FUTURE DWINDLING SALES

J. Alexander's reported a 34% rise in net income and a 4.2% growth in revenues for the second quarter, but warned of softer sales at the beginning of the third quarter. The casual chain restaurant raised its menu prices by 1% during the first half of 2007, bringing prices about 4% above July 2006. Prices will not be raised again for awhile, said the company, due to rising costs for consumers, although restaurant margins continue to be squeezed by its