Key Points
BENGALURU, Nov 6 (Reuters) - India's Barbeque-Nation Hospitality (BARQ.NS) on Monday reported a loss for a second straight quarter, hurt by slowing demand and rising expenses...
The restaurant chain posted a consolidated net loss of 123.7 million rupees ($1.5 million) for the three months ended Sept. 30, compared to a loss of 43.1 million rupees last quarter...
The company had posted a profit of 70.9 million rupees in the year-ago period...
Barbeque-Nation's expenses rose 2%, dragged higher employee benefit expenses and occupancy costs, which more than offset a 2.5% decline in cost of food and beverages...
Rivals Westlife Foodworld (WEST.NS) and Sapphire Foods India (SAPI.NS) previously posted fall in profits, while Dominos Pizza franchisee Jubilant FoodWorks (JUBI.NS) beat Q2 profit estimates as cheaper pizzas helped demand...
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