SERVICES
Select Interior 3Q Sales Up 35%
Select Interior Concepts Inc., an Anaheim-based building products and services company, reported third quarter sales increased 35% to $127.6 million from the same period a year earlier.
Allied Universal Names CFO
Santa Ana-based Allied Universal, the largest U.S. security firm, named Andrew Vollero incoming chief financial officer to replace Bill Torzolini, who retires next year after 15 years in the role.
Disney Resorts Q4 Revenue Up 9%
Walt Disney Co.’s parks and resorts division, which includes Anaheim’s Disneyland Resort, said fourth quarter profit climbed 11% to $829 million as revenue rose 9% to $5.1 billion from the same period a year earlier.
OCC: Interim In As Harkins Retires
Orange Coast College named Kevin Ballinger interim president while it searches for a permanent replacement for retiring President Dennis Harkins.
OC Hotel Occupancy Dips in September
Several Orange County hotel submarkets in September showed lower average daily rates and revenue per available room year-over-year, and five of seven showed lower occupancy, which also fell countywide to 77% from 80% for the same month last year.
Beacon Pointe Hires UBS Exec
Newport Beach’s Beacon Pointe Advisors, which has more than $9 billion in assets under management, hired Michael Dow, an executive at UBS Global Asset Management, as chief investment officer and chairman of its investment committee.
Habit Names Marriott Creative Exec to Board
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine added Karin Timpone to its board of directors, which now has eight members.
El Pollo Loco 3Q Sales, Profit Rise
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) in Costa Mesa reported third quarter net income of $6.8 million on revenue of $106.7 million, compared with a loss of $4 million on revenue of $101.2 million in the same period a year ago.
Taco Bell Strong; Yum Mixed
Irvine-based Taco Bell Corp. sales rose 8% to $2.6 billion in its most recent quarter, making it the top-performing chain in Louisville-based parent company Yum Brands Inc. (Nasdaq: YUM) portfolio for the period.
Long Beach Air Traffic Down 5%
Long Beach Airport passenger declined 5% year-over-year in September—the first monthly decline this year.
Duck, Duck Donuts
Two down, three to go: Duck Donuts plans five locations in Orange County; two are open, in Huntington Beach and Irvine, the latter at Trade Food Hall.
Habit Revenue, Swings to Loss on Charge
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine reported a $600,000 net loss, including a one-time charge, on revenue of about $105 million in its most recent quarter, compared with $400,000 in net income on revenue of $85 million, year-over-year.
BJ’s Revenue, Income Up
BJ’s Restaurants Inc. (Nasdaq: BJRI) in Huntington Beach earned nearly $9 million in net income on $270 million in revenue in its most recent quarter, up 257% and 10% respectively.
Habit Taps QSR Vet for Brand Post
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine named Iwona Alter chief brand officer; she joins the fast-casual burger chain December 10 from San Diego-based Jack in the Box Inc. (Nasdaq: JACK).
Chipotle Revenue Up
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach said revenue increased nearly 9% to $1.2 billion and adjusted net income was 60% higher to about $60 million in its most recent quarter.
