Perkins & Marie Callender's 1Q loss grows

Perkins & Marie Callender’s Inc. reported a wider first-quarter net loss tied to falling customer traffic at both of its family-dining chains.

For the quarter ended April 18, the company's net loss increased to $14.6 million from a year-ago net loss of $9.8 million.

Latest-quarter revenue declined 7.9 percent to $155.8 million, compared with $169.2 million a year earlier. Same-store sales fell 8.7 percent at corporate Marie Callender’s restaurants

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