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Steakhouse operator looks to 4Q holiday bump as 3Q results slump
As Del Frisco’s Restaurant Group Inc. heads into the profitable holiday season, the company’s three steakhouse brands are launching new menus and market campaigns, company executives said Friday.
The fourth quarter, with the winter holidays, historically produces 40 percent of earnings for the Southlake, Texas-based steakhouse operator, which includes the Del Frisco’s Double Eagle, Del Frisco’s Grille and Sullivan’s Steakhouse brands.
For the third quarter ended Sept. 25, Del Frisco’s reported a loss of $1.8 million, or 8 cents a share, compared to a profit of $786,000, or 3 cents a share, in the same period last year. Revenues increased 2.7 percent to $73.3 million from $71.4 million in last year’s quarter.
Del Frisco’s company-wide same-s...
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