Roadhouse Grill Loses $12.8M in Nine Months

MIAMI-Striving to restructure its 73-unit portfolio, Pompano Beach, Fl-based Roadhouse Grill Inc. is reducing its losses but still posted a net loss of $12.8 million for the first nine months of fiscal 2002 that ended Jan. 27. The firm lost $13.8 million in the same period a year ago.

Nine-month revenue was down 2.9% to $119.1 million compared to $122.6 million. Diluted earnings per share showed a loss of $1.32 compared to a loss of $1.42 in 2001.

For the third quarter, however, Roadhouse was showing improvement with a net loss of only $1.6 million versus a net loss of $10.8 million in third quarter 2001. But revenue for the quarter was down 12.7% to $36.5 million, compared to $41.8 million a year ago.