 J. Alexander Holdings Inc. said same-restaurant sales sank in the month of March, down 24.8 at the namesake grills and restaurants and down 25.6 at Stoney River Steakhouse and Grill locations. As of March 22, 45 of the companys restaurants have shifted to a carry-out model, with volumes expected to total 10 to 20 of average weekly sales. J. Alexander has drawn down its remaining credit of 17 million, bringing the cash-on-hand total to 26 million. The company thinks that will be sufficient to fund through the end of summer or early fall. Staff personnel will cut steaks and manage the carry-out business, with labor cost averaging about 425,000 per week. The company has furloughed 3,400 workers. Capital expenditures have been reduced. J. Alexanders board has suspended the strategic review of alternatives. J. Alexander stock is down 57.5 for the last 12 months while the SP; 500 index has sunk 20.1 for the period. 