McCormick & Schmick's Seafood Restaurants, Inc. Reports First Quarter 2010 Financial Results

Financial results for the first quarter 2010 compared to the first quarter 2009:


- Revenues decreased 7.7% to $84.8 million from $91.9 million

- Comparable restaurant sales decreased 9.6%

- Comparable restaurant traffic decreased 6.2%

- Total restaurant operating costs were 89.3% of revenues compared to 89.2%

- Net loss of $0.4 million, or $0.03 per basic and diluted share, compared to net loss of $1.1 million, or $0.08 per basic and diluted share

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