SWRG widens 4th-Q net loss

NEW YORK The Smith & Wollensky Restaurant Group Inc., operator of 13 upscale restaurants including nine namesake steakhouse locations, widened its net loss for the fourth quarter and for the full year ended Jan. 1, mainly because of impairment charges for now closed restaurants, the company reported.

For the fourth quarter, Smith & Wollensky posted a loss of $3.5 million, or 40 cents per share, versus a net loss of $397,000, or 4 cents per share, a year-earlier.

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