Upper-tier economic recovery and marketing strategy pushed sales
As recovery in the upper tier of the economy continues to increase business travel and convention traffic, fine-dining chain Morton’s Restaurant Group Inc. has maintained its sales growth, logging its sixth consecutive quarter of same-store sales increases in the second quarter of 2011. In the second quarter ended July 3, Chicago-based Morton’s tallied net income of $654,000, or 4 cents per share, compared with a net loss of $516,000, or 3 cents per share, a year earlier. ...
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