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Thursday, Mar 28, 2024
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Rubio’s Wraps Up Year With Income of $1.2M

Carlsbad-based Rubio’s Restaurants Inc., traded on Nasdaq as RUBO, reported a fourth-quarter loss of 2 cents per share compared with a loss of 48 cents a share in the like year-ago quarter.

Net loss for the quarter was $242,000 versus a loss of $4.7 million for the same quarter last year. Revenues were up 1 percent to $41.7 million from $41.3 million, while comparable store sales increased 1.7 percent.

For the year as a whole, net income was $1.2 million compared with a net loss of $3.5 million in 2006.

At the close of trading March 27, the day the corporation reported its fourth-quarter and annual results, Rubio’s stock sold for $6.38 a share, down 12 cents from the day before. In the last 52 weeks, Rubio’s shares have traded as high as $12.98 and as low as $5.88.

, Connie Lewis

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