* Q4 loss/shr $2.20 vs. EPS $0.28 yr-ago
* Says plans to conserve capital for debt repayment
* Q4 interest expense more than doubles
March 11 Landry's Restaurants Inc LNY.N
reported a quarterly loss, hurt by higher interest expense, and
the seafood restaurant operator said it plans to reduce its
unit growth and conserve capital for debt repayment.
Landry's, which operates the iconic Golden Nugget Hotel &
Casino in Las Vegas and several casual dining outlets including
Landry's Seafood House, said its interest expense more than
doubled to $67.8 million in the fourth quarter.
For the quarter, Landry's reported a net loss from
continuing operations of $32.3 million, or $2.20 a share,
compared with a profit of $4.8 million, or 28 cents a share, a
Revenue fell 3 percent to $245.3 million. Same-store sales
fell 5 percent at the company's restaurants segment and 8
percent at its gaming operations.
Shares of the Houston-based company closed at $20.82
Wednesday on the New York Stock Exchange.
(Reporting by Renju Jose in Bangalore; Editing by Unnikrishnan