CARLSBAD Calif. Third-quarter profit fell 38 percent for the parent of the fast-casual Rubio‚Äôs Fresh Mexican Grill chain, as labor, occupancy and advertising costs rose, along with charges for store closures. For the quarter ended Sept. 27, Rubio‚Äôs 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