CARLSBAD Calif. Third-quarter profit fell 38 percent for the parent of the fast-casual Rubioâ€™s Fresh Mexican Grill chain, as labor, occupancy and advertising costs rose, along with charges for store closures. For the quarter ended Sept. 27, Rubioâ€™s Restaurants Inc. reported net income of $487,000, or 5 cents per share, compared with earnings of $789,000, or 8 cents per share, in the same year-ago quarter.The company said that labor costs increased 1.3 percent, as a percent of sales, and ...
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Contact: Desiree Torres Desiree.Torres@penton.com