Figures disclosed by Hard Rock's parent, Rank Group Plc of London, show the restaurant chain's operating profit of $21.4 million was down 37% in the first six months from the same period a year ago.
Sales of $176.2 million were off 5%. Company-owned restaurants were down 6.3% in same-store sales. Merchandise revenue was off 12.3%. Much of the total lowered sales volume was at restaurants in Orlando, New York, Washington, DC and Hollywood, CA.
Total North American sales for the company, however, were down only 1.5% in the first half. European Hard Rock restaurants were down 11.9% with tourist-dependent markets of Paris, London and Rome showing the steepest declines, the company reports.
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