WOODLAND HILLS Calif. Grill Concepts Inc., operator of 30 upscale restaurants under the Daily Grill and The Grill on the Alley brands, said Monday that higher preopening costs, a legal settlement and negative same-store sales led to the company’s larger loss in the second quarter. For the quarter ended June 29, Grill Concepts posted a loss of $993,000, or 11 cents per share, compared with a year-ago loss of $39,000, or 1 cent per share.Latest-quarter revenue rose 7.6 percent to $24.5 ...
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Contact: Desiree Torres Desiree.Torres@penton.com