Rubio's Chips Away at Holdings, Slows Growth <b></b>

Dec 5, 2001

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Carlsbad, California-After entering the Colorado, Utahand Nevada markets about two years ago, Rubio's RestaurantsInc. has closed 11 under-performing Rubio's Baja Grillrestaurants in those areas. The company also closed a unit inCalifornia and expects to close a store in Arizona, its coremarkets. Officials at Rubio's, which currently has onefranchised unit in California, said they would attempt torefranchise the remaining nine locations in Colorado, Utah andNevada. -Nation's Restaurant News

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