Worldwide Restaurant Concepts Inc. reported on Tuesday that profit tripled in the fiscal second quarter as it regained its footing after an E. coli outbreak last year at its Pat & Oscar's chain.
The Sherman Oaks-based company earned $900,000, or 3 cents a share, in the period ended Oct. 17, up from $300,000, or break-even, a year earlier. Revenue rose 4% to $79.4 million.
Worldwide operates or franchises 23 Pat & Oscar's outlets, 306 Sizzler restaurants in the United States and Australia and 112 franchised KFC units, primarily in Australia. The company said it expected two franchised Sizzlers to open in Beijing in the next six months.
Same-store sales increased 6.6% at KFC and 10.1% at Sizzler Australia but declined 1.3% at Pat & Oscar's and 1.4% at company-owned U.S. Sizzler outlets, the company said.