Morton's 4Q loss grows on charges, slow sales

CHICAGO Morton’s Restaurant Group reported a wider net loss in the fourth quarter on impairment charges and declining sales at its high-end steakhouse chain.

For the Jan. 3-ended quarter, Morton's recorded a net loss of $66.9 million, or $4.21 per share, which reflected charges related to impaired assets, the settlement of wage-and-hour claims, and severance for former chief executive Thomas J. Baldwin, who resigned Feb. 2. In last year's fourth quarter, Morton's

Register to view the full article

Register to view this article

TAGS: Archive
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.