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Article: McCormick & Schmick's Seafood Restaurants, Inc. Reports Third Quarter 2009 Financial Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) reported financial results for its third quarter ended September 26, 2009. Financial results for the third quarter 2009 compared to the third quarter 2008: Revenues decreased 13.6% to $86.3 million from $99.9 million
Comparable restaurant sales decreased 18.8%
Comparable restaurant traffic decreased 14.2%
Total operating expenses were 87.1% of revenues compared to 87.5% last year
Net income of $1.3 million, or $0.09 per diluted share, compared to net income of $1.4 million, or $0.09 per diluted share
Revenues for the third quarter of 2009 decreased 13.6% to $86.3 ...