McCormick & Schmick (MSSR) Q3 Comps Sales Down 5.5%

October 14, 2008 7:11 AM EDT

McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) reported preliminary revenues for the third quarter of 2008 of approximately $99.9 million, versus the consensus of $101.2 million.

Comparable restaurant sales decrease of approximately 5.5%.

Douglas Schmick, Chairman and Chief Executive Officer, said, "Our third quarter comparable sales are indicative of the extremely challenging economic environment, and in particular, the historic financial market volatility in September. The U.S. consumer continues to be impacted by high gas prices and general economic conditions, but we are continuing to reach out to the strongest and most loyal segments of our customer base with targeted messaging to mitigate the macro impact to our business. We will provide additional details regarding our third quarter financial results during our upcoming third quarter earnings conference call."

Related Categories

Guidance
Retail Sales

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?