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Buffets sees net loss widen to $3.24 million in month ended Aug. 3
By Caroline Salls
Pittsburgh, Aug. 24 – Buffets, LLC reported a $3.24 million net loss for the period of June 30 to Aug. 3 on $274,805 in revenue, according to its monthly operating report filed Aug. 23 with the U.S. Bankruptcy Court for the Western District of Texas.
In comparison, Buffets posted a $2.59 million net loss for the period of June 2 to June 29 on $313,539 of revenue.
The company had $7.89 million in cash as of Aug. 3, down from $10.18 million at June 29.
Based in Hollywood Park, Texas, Buffets operates a chain of buffet-style restaurants. The company re-entered Chapter 11 bankruptcy on March 7 under the case number 16-50557.
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