McCormick & Schmick’s lowers 3rd-Q outlook

PORTLAND Ore. McCormick & Schmick’s Seafood Restaurants Inc. on Tuesday cut its third-quarter earnings expectations by as much as 7 cents per share on weak traffic results this month, mainly because of fewer visits from the concept’s “aspirational,” or lower-income, guest, the company said.

McCormick & Schmick’s, which operates 72 namesake restaurants, now anticipates third-quarter corporate revenue to total about $88 million, same-store sales to be flat

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