Steak n Shake posts $9.8M loss

INDIANAPOLIS The Steak n Shake Co. reported Monday a loss of nearly $10 million for its third quarter as sales fell and impairment charges and restaurant closures eliminated any profit from a year ago.

For the quarter ended July 2, Steak n Shake posted a net loss of $9.8 million, or 35 cents per share, compared with year-ago profit of $124,000, or nil cents per share.

The latest quarter included charges of $14.1 million, or 35 cents per share, related

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