Chuck E. Cheese's posts loss in 4th Q

IRVING Texas CEC Entertainment Inc., parent to the 534-unit Chuck E. Cheese’s pizza and entertainment brand, said that its fourth-quarter results plunged into negative territory on asset impairment charges and tax adjustments.

The company also said on Tuesday that “pressures on consumer disposable income” negatively affected sales, which remained about flat from a year ago, as new store development offset a quarterly same-store sales drop of 2.7 percent.

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