Charges, weak environment slash O’Charley’s 4-Q income

NASHVILLE Tenn. O’Charley’s Inc., operator or franchisor of 365 restaurants under three brand names, said on Thursday its fourth-quarter and full-year profits were slashed from a year ago by impairment and other charges as well as weak sales.

The company was able to eke out a net profit of $727,000, or 3 cents per share, for the quarter ended Dec. 30, on revenues of $215.2 million. In the year-earlier fourth quarter, O’Charley’s posted net income of $5.2 million,

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