Rare Hospitality's 4th-Q net income dips 5.2%

ATLANTA Rare Hospitality International Inc. posted a 5.2-percent drop in fourth-quarter net income to $12.2 million, or 36 cents per share, on revenues that rose 17 percent to $259.9 million.

Rare is the operator or franchisor of 275 LongHorn Steakhouse restaurants, 26 Capital Grille restaurants and 31 Bugaboo Creek Steak House units. The company has agreed to exit the Bugaboo concept and classified the chain as discontinued operations.

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