O’Charley’s posts $1.8M profit in 1Q

O’Charley’s Inc., reported a profit for the first time in six quarters on Tuesday as comparable store sales and guest counts rose in the first quarter of 2011 at all three of the company’s restaurant concepts.

The Nashville, Tenn.-based company — which operates the flagship brand O’Charley’s, Ninety Nine Restaurants and Stoney River Legendary Steaks — generated net income for the quarter ended April 17 of $1.8 million, or $0.08 per share

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