O’Charley’s Inc. blamed severe weather and falling sales at its three chains as it recorded a net loss for its first quarter. For the quarter ended April 18, O'Charley's had a net loss of $4.3 million, or 21 cents per share, compared with year-ago profit of $6.9 million, or 34 cents per share. The latest quarter included $5.6 million in impairment charges related to four O'Charley's restaurants, which remain open, the company said. First-quarter revenue fell 6.9 percent to $271.5 ...
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Contact: Desiree Torres Desiree.Torres@penton.com