MELVILLE N.Y. Sbarro Inc., operator or franchisor of 1,056 Italian quick-service restaurants worldwide, detailed this week a much wider net loss of $24.5 million for the third quarter ended Sept. 27, compared with a net loss of $1.2 million in the same quarter a year ago. The quarterly loss, the Melville-based company said, included goodwill and other asset impairments of $31.5 million, offset by an income tax benefit of $9.8 million. About $22 million of the impairment charge was tied to ...
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Contact: Desiree Torres Desiree.Torres@penton.com