CHICAGO Morton’s Restaurant Group reported a wider net loss in the fourth quarter on impairment charges and declining sales at its high-end steakhouse chain. For the Jan. 3-ended quarter, Morton's recorded a net loss of $66.9 million, or $4.21 per share, which reflected charges related to impaired assets, the settlement of wage-and-hour claims, and severance for former chief executive Thomas J. Baldwin, who resigned Feb. 2. In last year's fourth quarter, Morton's posted a net loss of $7.6 ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?