Earnings

Record sales and pretax income were recorded by Los Angeles-based Collins Foods International for the second quarter and first half of fiscal 1987. However, adjustments related to the recently passed Tax Reform Act of 1986 caused net income and earnings per share to decrease. The impact of the tax legislation in the third and fourth quarters will be less severe than in the second quarter and it is anticipated that in future years reduced corporate taxes will benefit the company, a spokesman said. All of the firms principal operating divisions--Kentucky Fried Chicken, Sizzler, Naugles and Collins Foodservice--posted operating-income increases over the prior year, the spokesman added.

For detailed data and results of other companies, please see accompanying tables.