November 25, 2003 |
Higher labor costs and a 6% sales drop at its Pat & Oscar's restaurant chain -- due in part to an outbreak of E. coli that sickened about 40 people -- sent fiscal second-quarter profit at Worldwide Restaurant Concepts Inc. plunging 78%, the company said Monday. The Sherman Oaks company, which also owns the Sizzler steak chain, posted net income of $318,000, or break-even on a per-share basis, for the period ended Oct. 12, compared with $1.4 million, or 5 cents, a year earlier. Revenue rose 18.
March 19, 2003 |
With much of the sizzle gone from its signature Sizzler steakhouses, Sherman Oaks-based Worldwide Restaurant Concepts Inc. is counting on a San Diego import to boost sales and attract investors to a chain whose stock has been trading below $5 since 1995. Acquired by Worldwide nearly three years ago, the Pat & Oscar's chain has been expanded from seven units to 19, including two that opened this month in Los Angeles County.
November 16, 2002 |
Increased sales Down Under helped the parent of the Sizzler steak restaurant chain post a fourfold increase in earnings for its second quarter ended Oct. 13, the parent firm said Friday. Sherman Oaks-based Worldwide Restaurant Concepts Inc. said net income for the quarter was $1.4 million, or 5 cents per share, compared with last year's $355,000, or 1 cent per share. Revenue was $64.4 million, a gain of 7.5% over the $59.9 million posted in the same period last year.
August 31, 2001 |
Sizzler International Inc., in a marketing gambit that hopes to deliver more steak than sizzle, said Thursday that it plans to change its name to Worldwide Restaurant Concepts Inc., effective Tuesday. The Culver City-based company, which has long struggled to lift its profit and stock price, said the name change would better reflect its international presence and its restaurants that aren't part of the Sizzler chain.
March 28, 2001
Sizzler International Inc., the Culver City-based operator and franchiser of Sizzler, KFC and Oscar's restaurants, said Thomas Metzger, president and chief executive of its Sizzler USA subsidiary, resigned. Metzger left the company after his father's death. Sizzler International President and Chief Executive Charles Boppel will assume Metzger's duties until a replacement is found. * Jack in the Box Inc. said longtime Chief Financial Officer Charles W. Duddles will retire from the company.
March 9, 2001 |
Guess Inc. said Thursday it had a fourth-quarter loss as slowed growth in its retail and wholesale businesses limited sales, and as the Los Angeles-based apparel maker and retailer wrote down excess inventory. The firm also said February same-store sales were sharply lower. Guess had a loss of $13.1 million, or 30 cents a share in the quarter ended Dec. 31, compared with net income of $19.2 million, or 44 cents, a year earlier.