Ryan’s deal deepens Buffets’ 2-Q losses to $34.9M

EAGEN Miss. Buffets Inc., the operator or franchisor of 676 mostly buffet-style restaurants under the Old Country Buffet, HomeTown Buffet, Ryan’s and Fire Mountain brands, swung to a larger net loss of $34.9 million in its second quarter ended Dec. 13, versus a loss of $3.9 million in the same quarter a year earlier.

The company said the decrease in net income was due mainly to a $40 million refinancing loss, a $2.5 million loss on sale-leaseback transactions

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