Popular Taiwanese restaurant chain Din Tai Fung is expanding its only Orange County location, at South Coast Plaza shopping center in Costa Mesa.
Taco Bell Corp. in Irvine reported lower quarterly operating profit on higher systemwide sales, with same-store sales up, but below expectations and less than the same period a year ago.
El Pollo Loco Holdings Inc. said quarterly revenue increased less than 1% to $106 million and net income fell by a third, to $5.1 million, compared with the same period last year.
Irvine-based marketing firm Advantage Solutions Inc. bought Mill Valley, Calif. agency Beekeeper Marketing on Thursday for an undisclosed sum.
Habit Restaurants Inc. in Irvine reported quarterly income of more than $2 million on revenue topping $103 million, up 90% and 23% respectively. Comparable same-store sales at the casual burger chain grew 1.2%.
Potbelly Corp. looks to finally open in OC with four franchised locations, starting with one in Irvine, early next year.
The local hotel market continued strong in the first six months of the year, compared with the same period last year, with average daily rates of $194; revenue per available room about $156, and occupancy of more than 80%.
Shares of Irvine’s CorVel Corp. surged 4.8% to $57.35 in after hours trading Tuesday after the insurance managed service provider reported first-quarter earnings rose 35% to 62 cents a share. Shares gave back those overnight gains in midday trading Wednesday.
Real estate firm Bixby Land Co. in Newport Beach has given $100,000 to the University of California-Irvine’s Paul Merage School of Business to create an endowment fund at the Center for Real Estate.
BirchStreet Systems Inc. in Newport Beach promoted Stephen Markle to chief executive, succeeding founder Sushil Garg.
BJ’s Restaurants Inc. (Nasdaq: BJRI) in Huntington Beach reported net income of $16.9 million, up 76% year-over-year, on revenue of $287.6 million, up 8%, in its most recent quarter.
Del Taco Restaurants Inc. (Nasdaq: TACO) reported $4.2 million in net income, down 20% year-over-year, on $117.8 million in revenue, up 8.5%, in its most recent quarter.
John Wayne Airport passenger traffic in June rose about 5% to 950,000, compared with the same month last year; year-to-date traffic was 5.24 million.
Newport Beach-based True Family Enterprises acquired the assets of meal kit company Chef’d on undisclosed terms.
About 350,000 passengers moved through Long Beach Airport in June, up 12% compared with the same month last year.