J. Alexander's Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 1, 2012. For the fourth quarter, the company reported net sales increased 5.5% to $40,918,000 compared to $38,793,000 a year ago. Operating income was $1,016,000 compared to $1,132,000 a year ago. Income before income taxes was $655,000 compared to $732,000 a year ago. Net income was $344,000 or $0.06 per basic and diluted share compared to $495,000 or $0.08 per basic and diluted share a year ago. For the full year, the company reported net sales of $157,175,000 compared to $149,018,000 a year ago. Operating income was $2,699,000 compared to $2,262,000 a year ago. Income before income taxes was $1,147,000 compared to $444,000 a year ago. Net income was $857,000 or $0.14 per basic and diluted share compared to $2,796,000 or $0.47 per basic and diluted share a year ago. The company expects first quarter of fiscal 2012 average weekly same store sales to rise between 4% and 5% over the first quarter of 2011. Based on current estimates net income for the first quarter of 2012 is estimated to reach $2,100,000 to $2,400,000 compared to $1,062,000 reported in the first quarter of 2011 with earnings per diluted share improving to between $0.34 and $0.39 compared to $0.18 in the first quarter of 2011.