Morton’s price plummets as losses deepen

CHICAGO The price for shares of Morton’s Restaurant Group Inc. fell to an annual low Thursday after the steakhouse company reported that slowed sales and a large impairment charge against corporate assets had led to a deeper net loss for the third quarter. Because of current market conditions and the company’s reduction in market capitalization, it reviewed its carrying value for goodwill and other intangible assets, which typically refer to a company’s brand, intellectual property ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!

Already registered? here

Please or Register to post comments.

Free eNewsletters! 
Want the latest in the world of foodservice news & trends? 
Check out our e-newsletters