Revenues for full-year 2006 increased 10.6% to $308.3 million, compared with $278.8 million for the previous year. Schmick pointed out that 2005 contained 53 operating weeks, versus 52 in 2006. Revenues rose 13% in 2006, he said, after adjustments for the extra week in the prior year.

Comp restaurant sales were up 3% on a 52-week to 52-week comparison and up 2% for the fourth quarter. "This is the 14th consecutive quarter of positive same store sales growth," Schmick said.

Operating income rose 15.8% to $19.1 million for 2006, compared with $16.5 million the year before, and net income increased 21.3% to $13.3 million, up from $11 million in 2005. Schmick pointed out that the increases occurred in a "challenging cost environment."

More steaks will be added to the menu, but the overall menu "will be no less seafood centered," he said. A culinary unit (for steak additions) is in place and will be in operation by mid-year.

Banquet sales accounted for 14% of total sales during 2006. The company's customer loyalty program now has 8,500 registered members. "Our goal was 10,000 by April, and we're on track," Schmick said. "In 2007, we'll have a nice library of customers," and the company is developing special offers to bring those customers in more often.

The company expects 1Q 2007 revenues of between $81 million and $82 million and comp-restaurant sales increases of between 2% and 3%. For full-year 2007, including results from Boathouse, it anticipates revenues of between $362 million and $366 million, with comp-unit increases of from 2% to 3%.

Shares of MSSR on the Nasdaq closed at $25.07 a share, down 28 cents, or 1.1% for the day on Feb. 14. This compares with a 52-week low of $16.59 a share and a 52-week high of $28.24 a share.