Mexican Restaurants posts 4Q loss on charges

HOUSTON Mexican Restaurants Inc., which operates 79 restaurants under such names as Casa Ole and Monterey’s Tex-Mex Cafe, swung to a loss in its fourth quarter on heavy impairment charges, the company said Tuesday.

For the fourth quarter ended Dec. 28, the company reported a net loss of $3.9 million, or $1.20 per share, compared with profit of $199,686, or 6 cents a share, in the year-ago quarter. The latest quarter included a $5.1 million goodwill impairment

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