Morton’s swings to 1Q loss on slow sales

CHICAGO Morton’s Restaurant Group Inc., owner and operator of 81 namesake steakhouses, posted Wednesday a first-quarter net loss as sales fell by double digits, which the company said was a result of the “continuing global recession.”

For the quarter ended April 5, Morton’s recorded a net loss of $2.0 million, or 11 cents per share, compared with earnings of $2.4 million, or 14 cents per share, in the same quarter a year ago.


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