Morton's Restaurant Group, Inc. (MRG) is engaged in the business of owning and operating restaurants under the names Morton's The Steakhouse (Morton's), Trevi (Trevi) and Bertolini's Authentic Trattorias (Bertolini's). As of January 4, 2009, the Company owned and operated 83 restaurants (80 Morton’s and three Italian restaurants (one Trevi and two Bertolini’s)). Morton’s are upscale steakhouse restaurants. Morton’s and the Company’s Italian restaurants appeal to a broad spectrum of consumer tastes and target separate price points and dining experiences.
Quick Financial Synopsis
BRIEF: For the twenty six weeks ended 5 July 2009, Morton's Restaurant Group, Inc.'s revenues decreased 19% to $143M. Net loss from cont. ops. totaled $7.8M vs. an income of $4.6M. Revenues reflect lower sales due to uncertain macroeconomic environment, particularly in the United States. Net loss reflects the presence of operating loss vs. an income and the presence of write-off of deferred financing costs.
Company Address
Morton's Restaurant Group, Inc.
325 North LaSalle Street Suite 500 Chicago IL 60610
P: +1312.9230030