Landry's profit plummets in 1st-Q

HOUSTON Landry’s Restaurants Inc. reported that its first quarter net income fell more than 93 percent, as its interest expense soared and same-store sales remained flat.

Net income for the first quarter ended March 31 was $1.5 million, or 10 cents a year, compared with income of $22.1 million, or $1.04 a year, said the restaurant and casino-hotel operator. First quarter revenue rose 3.9 percent, to $294.8 million, which included $70.7 million from Leap Day, the

Register to view the full article

Register to view this article

Hide 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.