Food Blog
FoodWire: McCormick & Schmick's Reports Big Losses
- Jake the crab isn't pleased with the bottom line.
Revenue rose nearly 9 percent over the year but was dragged down by fourth quarter losses of $73.4 million on earning of $98.7 million.According to the article, McCormick & Schmick's will limit new restaurant openings to the St. Louis branch and one other location. Still, the chain expects its struggles to continue through the year.
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