Ignite Restaurant Group Inc. swung to a loss in its first quarter ended March 31, with weather impacting sales at its Joe’s Crab Shack concept, the company reported Wednesday. The Houston-based casual-dining operator said winter weather hit coastal-themed Joe’s especially hard, denting sales by between 5 percent and 6 percent compared with last year. Joe’s revenue was $105.3 million during the first quarter, versus $106.6 million in the prior year. Same-store sales fell ...
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Contact: Desiree Torres Desiree.Torres@penton.com