HOUSTON Mexican Restaurants Inc. said increased commodity and utility costs, as well as slowed sales momentum because of "shrinking consumer discretionary spending," led to a fourth-quarter loss versus a year-earlier profit and an almost 51-percent drop in full-year earnings. For the fourth quarter ended Dec. 31, the company reported a net loss of $1.0 million, or 30 cents per share, compared with a profit of $1.1 million, or 30 cents per share, for the same quarter a year ...
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Contact: Desiree Torres Desiree.Torres@penton.com