PORTLAND Ore. McCormick & Schmick’s Seafood Restaurants Inc. on Tuesday cut its third-quarter earnings expectations by as much as 7 cents per share on weak traffic results this month, mainly because of fewer visits from the concept’s “aspirational,” or lower-income, guest, the company said. McCormick & Schmick’s, which operates 72 namesake restaurants, now anticipates third-quarter corporate revenue to total about $88 million, same-store sales to be flat versus a year ago, and ...
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!