Ignite reports $22.2M loss in 1Q

Ignite reports $22.2M loss in 1Q

Results reflect sale of Romano’s Macaroni Grill

Ignite Restaurant Group Inc. reported Monday a $22.2 million loss for the first quarter ended March 30, reflecting its sale in mid-April of Romano’s Macaroni Grill.

The Houston-based casual-dining company reported a loss of 87 cents a share, which widened from a loss of $265,000, or one cent a share, in the first quarter a year ago. The loss from continuing operations, which excluded Macaroni Grill, was $3.2 million, or 12 cents a share, compared with profit of $145,000, or one

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