O'Charley's lowers outlook after tough 1st-Q

NASHVILLE Tenn. O’Charley’s Inc., operator or franchisor of 364 restaurants under three brands, posted a 34-percent jump in its first-quarter profit as a large income tax benefit and reduced operating costs offset the company’s stalled sales.

For the quarter ended April 20, O’Charley’s earned $10.7 million, or 49 cents per share, compared with year-ago earnings of $8.0 million, or 33 cents per share. Aiding the latest-quarter profit growth was a $6.0 million

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