Thursday, November 5, 2009

McCormick & Schmick's Seafood Restaurants, Inc. Reports Third Quarter 2009 Financial Results

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

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