Landry’s posts 4Q profit, but sales slow

HOUSTON Landry’s Restaurants Inc. swung to a fourth-quarter profit from a year-earlier net loss on gains from insurance proceeds that helped offset sluggish sales at the casual-dining and gaming company.

For the quarter ended Dec. 31, Landry’s earned $4.6 million, or 30 cents per share, compared with a net loss of $6.6 million, or 41 cents per share, in the same quarter a year earlier. Latest-quarter results included $11.5 million in after-tax proceeds from insu

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish