J Alexanders restaurant

J. Alexander’s execs attribute 1Q declines to weak economy

Same-store sales fell 3 percent at flagship casual-dining chain

J. Alexander’s Holdings Inc. said Tuesday that same-store sales fell 3 percent at its flagship J. Alexander’s chain in the first quarter ended April 3. 

Company president and CEO Lonnie Stout had a simple explanation for the results: The economy.

“I think the economy stunk in many markets,” Stout said during the company’s earnings call Wednesday. 

He then referred to the federal government’s recent report that GDP inc

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