The Steak n Shake Company (Steak n Shake) is engaged in the ownership, operation and franchising of Steak n Shake restaurants. During the fiscal year ended September 24, 2008 (fiscal 2008), Steak n Shake operated 491 Steak n Shake restaurants, including 68 franchised restaurants. Steak n Shake’s menu features items, such as STEAKBURGER sandwiches, thin and crispy fries and hand-dipped milk shakes. Steak n Shake restaurants are open 24 hours a day, seven days a week. In fiscal 2008, lunch and dinner sales accounted for approximately 38% and 45% of total sales, while breakfast and late night sales account for 6% and 11% of total sales, respectively. Counter and dining room sales represent approximately 60% of the sales mix, while sales for off-premises dining represent approximately 40% of the sales mix.
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