SCOTTSDALE Ariz. Star Buffet Inc. reported Wednesday a third-quarter net loss that widened on closed restaurants, sales drops and impairment charges.For the third quarter ended Nov. 2, Star Buffet posted a net loss of $866,000, or 27 cents per share, compared with a year-ago loss of $18,000, or one cent a share. Revenue fell 25.1 percent to $15.6 million in the third quarter, which the company blamed on a $2.1 million decrease in sales from eight closed restaurants and a $3.4 million drop in ...
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Contact: Desiree Torres Desiree.Torres@penton.com