Shares of restaurant operator Chanticleer Holdings Inc. fell by 5.2 percent in Tuesday morning trading after the company reported a second-quarter loss and a decline in revenue due to the closing of some locations.

The Charlotte-based company reported a net loss of $788,467, or 23 cents per share, compared to a net loss of $1.97 million, or 81 cents per share, in the same quarter a year ago.

Revenue declined to $10.4 million from $10.7 million in the second quarter of 2017.

“We’re pleased to report that revenue trends strengthened across our brands over the past few months,” said Chief Executive Officer Mike Pruitt in a statement.

Chanticleer’s shares fell 15 cents, or 5.26 percent, to $2.70 in Tuesday morning trading.

The company operates several restaurant brands, including American Burger Company, BGR — Burgers Grilled Right, Little Big Buger, Just Fresh and Hooters.

The company said that excluding the closed locations, revenue increased 11.7 percent during the quarter. During the quarter, the company opened three new franchise locations and one company location.

After the end of the quarter, a franchisee opened a Little Big Burger location in Austin, Texas, and construction is underway on six more Little Big Burger locations.

Chanticleer has also struck a deal with Nascar driver Denny Hamlin to open a Little Big Burger location in Cornelius, North Carolina.