HOUSTON Mexican Restaurants Inc. said increased commodity and utility costs, as well as slowed sales momentum because of "shrinking consumer discretionary spending," led to a fourth-quarter loss versus a year-earlier profit and an almost 51-percent drop in full-year earnings. For the fourth quarter ended Dec. 31, the company reported a net loss of $1.0 million, or 30 cents per share, compared with a profit of $1.1 million, or 30 cents per share, for the same quarter a year ...
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!