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O’Charley’s swings to 4Q loss

NASHVILLE Tenn. O’Charley’s Inc., operator or franchisor to 370 restaurants under three casual-dining brands, swung to a loss of $63.1 million in its fourth quarter on declining sales and millions in asset impairment charges.

The company reported Thursday a net loss of $68.2 million, or $3.34 per share, for the fourth quarter ended Dec. 28, versus earnings of $727,000, or 3 cents per share, in the same quarter a year earlier.

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