NOTE 9 – INCOME TAXES

The Company’s effective tax rate for the thirteen weeks ended November 27, 2015 was 39.2% compared to 54.2% for the thirteen weeks ended November 28, 2014. The Company’s effective tax rate for the twenty-six weeks ended November 27, 2015 was 38.9% and 38.2% for the comparable period last year. The decrease in the effective tax rate for the thirteen weeks ended November 27, 2015 compared to November 28, 2014 was due to the permanent non-deductibility of certain expenses for income tax purposes in relation to the income before income taxes for the respective thirteen week period.