LRI Holdings earnings fall 65% in 4Q

Logan’s Roadhouse parent plans to grow units by 10 percent annually

LRI Holdings Inc., the parent company of Logan’s Roadhouse, said higher commodity costs and weakening traffic contributed to a steep drop in profits in the fourth quarter.

The steakhouse chain reported a 65.3-percent drop in net income to $1.7 million from $4.9 million in the same quarter last year.

For the quarter ended July 31, Logan’s revenue rose 7 percent to $151.5 million from $141.5 million in the year-ago period.

The chain reported that

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish