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Prandium Inc

BUSINESS
March 29, 2000 | GREG HERNANDEZ, TIMES STAFF WRITER
Prandium Inc., an Irvine restaurant holding company awash in debt, said Tuesday that it is selling its flagship El Torito restaurant chain for $130 million to a Long Beach investment group that owns the rival Acapulco restaurant chain. Prandium said it is selling the Mexican food chain to help pay $270 million in debt coming due over the next four years. The 101-unit El Torito chain is expected to retain a separate identity from the 49-unit Acapulco chain.
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BUSINESS
February 29, 2000 | Greg Hernandez
Prandium Inc., the Irvine operator of El Torito, Koo Koo Roo, Chi-Chi's and Hamburger Hamlet restaurants, posted a fiscal fourth-quarter loss of $14.1 million, or 8 cents a share, compared with a loss of $41.2 million, or 30 cents a share, for the previous years final three months. Quarterly sales rose 3.1% to $127.7 million. For the year, the company lost $36.5 million, or 20 cents a share, compared with a net loss of $63.1 million loss, or 48 cents a share, the prior year. Sales were up 13.
BUSINESS
January 18, 2000 | GREG HERNANDEZ, Greg Hernandez covers the restaurant industry for The Times. He can be reached at (714) 966-5989 or greg.hernandez@latimes.com
Prandium Inc., parent company to the El Torito and Koo Koo Roo restaurant chains, is going online to sell gift certificates to Internet shoppers. The Irvine-based chains have joined forces with C-TRIBE.com, a private San Francisco Internet start-up that offers its members the opportunity to bid for gift certificates to various businesses for a discounted price.
BUSINESS
October 30, 1999
Prandium Inc., Irvine-based operator of several restaurant chains, posted a third-quarter loss of $9.5 million, or 5 cents a share, up from a loss of $8.9 million, or 7 cents a share, a year ago on fewer shares outstanding. Sales rose 16.5% to $134.3 million. Sales of El Torito and Chi-Chi's restaurants open at least a year, a key industry indicator, were off 1%, the company said. The restaurants account for 84% of the company's total sales.
BUSINESS
July 30, 1999
Prandium Inc., the Irvine operator of El Torito and Koo Koo Roo, said second-quarter operating income nearly tripled, to $3.2 million, from $1.3 million a year earlier. Sales for the period ended June 27 rose 16.8%, to $140.3 million. When interest costs were factored in, Prandium posted a net loss of $4.5 million, or 2 cents a share, down slightly from $4.8 million, or 4 cents a share, a year earlier.
BUSINESS
April 30, 1999 | Greg Hernandez
Prandium Inc., Irvine-based operator of several restaurant chains, posted a first-quarter loss, but sales increased 18.5%. The company, which recently changed its name from Koo Koo Roo Enterprises, lost $8.4 million, or 5 cents a share, for the three months ended March 28, compared with a year-earlier loss of $8.2 million, or 7 cents a share, on a lower number of shares outstanding. Sales totaled $134.3 million, up from $113.3 million.
BUSINESS
April 17, 1999 | GREG HERNANDEZ, TIMES STAFF WRITER
Koo Koo Roo Enterprises Inc., owner of four restaurant chains that combined operate more than 300 eateries, said Friday it is changing its name for the third time in six years. The Irvine-based parent of the Koo Koo Roo, El Torito, Chi-Chi's and Hamburger Hamlet chains said it became known as Prandium Inc. beginning at the end of the business day Friday. The newest name comes from a Latin derivative for the English word "prandial," which means "of or relating to a meal."
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