O’Charley’s lowers outlook on 3rd-Q loss

NASHVILLE Tenn. O’Charley’s Inc., operator or franchisor of 363 restaurants under three brands, swung to a third-quarter net loss from a year-ago profit as impairment and other charges ate into a revenue uptick of 0.9 percent to $220.9 million. The company also revised downward by between 24 cents and 26 cents its annual per-share earnings outlook. It was the company’s second downward revision, which it has blamed on weak same-store sales and the competitive yet suffering

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