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Published on 3/22/2017 in the Prospect News Distressed Debt Daily.

Buffets reports net loss of $1.57 million for month ended March 1

New York, March 22 – Buffets, LLC reported a net loss of $1.57 million for the month ended March 1 on $158,306 in revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Western District of Texas.

The loss was improved from a loss of $2.17 million for the month ended Feb. 1.

Cash was $61,234 as of March 1, down from $158.412 on Feb. 1.

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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