Green Burrito Parent Firm Posts Loss for 2nd Quarter

GB Foods Corp., the Anaheim-based food company and parent of the Green Burrito restaurant chain, said it lost $46,176, or 1 cent a share, for the second quarter.

That compared to a loss of $242,006, or 6 cents a share, for the same period a year earlier. Revenue declined 13% to $1.3 million from $1.5 million. The company said the revenue drop was due primarily to the sale of one company restaurant and the closure of another.