Restaurant News Resource - McCormick & Schmicks Restaurant Industry News

Looks Forward to Commencing Diligence and Negotiations

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR), parent company of Boathouse Restaurants of Canada, Inc., has announced the opening of a new The Boathouse location at Kitsilano Beach in Vancouver, British Columbia. This is the seventh The Boathouse restaurant for the Company in Canada.

The Company reaffirms its annual revenue guidance for 2010 to be between $355.0 million and $365.0 million, and estimates earnings of $0.40 to $0.45 per fully diluted share.

Revenues decreased 9.7% to $89.2 million from $98.8 million - Comparable restaurant sales decreased 12.9%

McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) today announced the appointment of Michelle Lantow as its Chief Financial Officer, effective January 6, 2010.

A recent nationwide survey* by McCormick & Schmick's Seafood Restaurants [Nasdaq: MSSR] of small business owners, managers and decision makers found that the majority are planning holiday parties for employees this year.

Comparable restaurant sales decreased 18.8%

Revenues decreased 7.0% to $92.7 million from $99.7 million

McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) today announced that the Company has commenced a search for a candidate to fill the position of Chief Financial Officer.

Revenues decreased 0.5% to $91.9 million from $92.3 million, Comparable restaurant sales decreased 13.9%