O'Charley's post 1Q loss on slow sales

O’Charley’s Inc. blamed severe weather and falling sales at its three chains as it recorded a net loss for its first quarter.

For the quarter ended April 18, O'Charley's had a net loss of $4.3 million, or 21 cents per share, compared with year-ago profit of $6.9 million, or 34 cents per share. The latest quarter included $5.6 million in impairment charges related to four O'Charley's restaurants, which remain open, the company said.

First-quarter revenue fell 6.9 perc

Register to view the full article

Register to view this article

TAGS: Finance News
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