September 3, 2004 |
Worldwide Restaurant Concepts Inc. said Thursday that its fiscal first-quarter earnings plunged 83% as it continued to feel the effects of last year's E. coli outbreak at its Pat & Oscar's chain. The Sherman Oaks-based company earned $595,000, or 2 cents a share, in the period that ended July 25, down from $3.6 million, or 12 cents, a year earlier. Revenue grew 5% to $82 million. Worldwide operates 23 Pat & Oscar's eateries in California, 312 Sizzler steak outlets in the U.S.
February 9, 2008 |
Sizzler, the steak restaurant chain mainly located in the western U.S., was put up for sale by the Australian buyout firm that purchased it in 2005. Pacific Equity Partners, a Sydney-based private equity firm, hired investment bank Houlihan Lokey Howard & Zukin to find a buyer, Sizzler said. Pacific Equity Partners acquired Worldwide Restaurant Concepts Inc., Sizzler's owner, for $208 million.
September 23, 2005
* FPL Group Inc., AES Corp. and other owners of wind-power facilities in the Altamont Pass near San Francisco were ordered by the Alameda County Board of Supervisors to shut down some wind turbines and replace the remainder within 13 years to curb bird fatalities. * New York property owner Hudson Waterfront Associates agreed to pay $1.05 billion to purchase the Bank of America building in San Francisco from 555 California Owners. * 7-Eleven Inc. rejected as too low Seven-Eleven Japan Co.'s $32.
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.
December 9, 2004 |
Worldwide Restaurant Concepts Inc., operator of the Sizzler steakhouse chain, said Wednesday that it had hired an advisor to weigh options including a sale or merger. The struggling Sherman Oaks company retained investment banker Houlihan Lokey Howard & Zukin to develop strategies that could include a complete or partial sale. Worldwide operates or franchises 22 Pat & Oscar's restaurants, 306 Sizzlers in the U.S. and Australia and 112 franchised KFC units, mostly in Australia.