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Worldwide Restaurant Concepts Inc

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BUSINESS
November 24, 2004 | Julie Tamaki, Times Staff Writer
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.
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BUSINESS
December 9, 2004 | Julie Tamaki, Times Staff Writer
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.
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BUSINESS
December 9, 2004 | Julie Tamaki, Times Staff Writer
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.
BUSINESS
November 24, 2004 | Julie Tamaki, Times Staff Writer
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.
BUSINESS
August 31, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
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.
BUSINESS
September 3, 2004 | Julie Tamaki, Times Staff Writer
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.
BUSINESS
February 9, 2008 | From Times Wire Services
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.
BUSINESS
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.
BUSINESS
November 16, 2002 | Karen Robinson-Jacobs, Times Staff Writer
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.
BUSINESS
September 3, 2004 | Julie Tamaki, Times Staff Writer
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.
BUSINESS
August 31, 2001 | JAMES F. PELTZ, TIMES STAFF WRITER
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.
BUSINESS
June 7, 2003 | Karen Robinson-Jacobs, Times Staff Writer
A San Diego County Superior Court judge has ruled that the Sherman Oaks-based parent of Sizzler restaurants did not commit fraud when it purchased the Pat & Oscar's chain from one of its founders three years ago. Michael Green, corporate counsel for Worldwide Restaurant Concepts Inc., said Friday that he believed the ruling by Judge John Meyer cleared the way for Worldwide to obtain the remaining 12.8% of Pat & Oscar's it doesn't already hold.
CALIFORNIA | LOCAL
October 15, 2003 | David Haldane, Times Staff Writer
A lawyer Tuesday filed a class-action lawsuit against a Sherman Oaks-based restaurant chain alleging that it served contaminated lettuce resulting in dozens of E. coli infections in San Diego and Orange counties over the last three weeks. The suit, filed in San Diego by attorney Patrick N. Keegan, names Worldwide Restaurant Concepts Inc., which operates Pat and Oscar's restaurants in Carlsbad, San Diego, El Cajon, Irvine, Orange and Buena Park.
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