McCormick & Schmick's Seafood Restaurants Inc. announced the appointment of Michelle Lantow as its Chief Financial Officer, effective January 6, 2010. Ms. Lantow brings 25 years of experience in corporate financial management and leadership to the Company, having most recently served as the president and chief financial officer of Lucy Activewear Inc.

McCormick & Schmick's Seafood Restaurants Inc. reported unaudited consolidated financial results for the third quarter and nine months ended September 26, 2009. Revenues for the third quarter of 2009 decreased 13.6% to $86.3 million from $99.9 million in the third quarter of 2008. The decrease in revenues is primarily attributable to the decline in comparable restaurant sales, partially offset by revenue from new restaurants not in the comparable restaurant base. The decrease in comparable restaurant sales of 18.8% was a result of a 14.2% decrease in traffic, which was coupled with a decrease in net pricing and product mix of 4.6%. Net income for the period was $1.36 million or $0.09 per basic and diluted share compared to net income of $1.31 million or $0.09 per basic and diluted share for the same period previous year. Operating income for the period was $1.87 million and income before tax was $1.65 million compared to operating income of $1.94 million and income before tax of $1.51 million for the same period previous year. For the nine months ended September 30, 2009, the company reported net income of $3.83 million or $0.26 per basic and diluted share on revenue of $291.93 million compared to net income of $3.83 million or $0.26 per basic and diluted share on revenue of $270.94 million for the same period previous year. Operating income for the period was $5.25 million and income before tax was $4.86 million compared to operating income of $2.76 million and income before tax of $1.46 million for the same period previous year. The company reaffirms earnings guidance for the full year 2009. Based upon the company's revenue performance through the first nine months of 2009 and expectations for the fourth quarter, the company has revised its annual revenue guidance to $360.0 million to $365.0 million, compared to its previous expectations of approximately $370.0 million. The company has reaffirmed its annual earnings guidance of $0.25-$0.30 per fully diluted share. The company's 2009 guidance also includes capital expenditures of approximately $8.0 million. The company has completed its 2009 development schedule, and opened two of the 2009 planned restaurants earlier this year. In 2010, the company expects to open a total of three restaurants: West Palm Beach, Florida in the first quarter; Houston, Texas in the second quarter; and Richmond Virginia late in fiscal 2010.

McCormick & Schmick's Seafood Restaurants, Inc. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 4, 2009).