That was an improvement from the $96 million loss or 88 cents a share on sales of $80.4 million the chain posted in the comparable 1999 period. Restaurants at least a year old continue to show a sales decline. The quarter's drop was 17%.
Planet Hollywood continues to close unprofitable locations as it struggles to reorganize itself after emerging from Chapter 11 bankruptcy protection in May. The stock is trading in the $2.40 per share range.
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