CARLSBAD Calif. Rubioâ€™s Restaurants Inc., operator or franchisor of 106 namesake Baja-inspired restaurants, swung to a loss in the first quarter as increased costs and reduced guest traffic hurt the growing chain. For the quarter ended March 30, Rubioâ€™s recorded a net loss of $745,000, or 7 cents per share, compared with a year-ago profit of $196,000, or 2 cents per share. Revenue rose 2.9 percent to $42.2 million, aided by the opening of seven restaurants so far this year.To help ...
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Contact: Desiree Torres Desiree.Torres@penton.com