June 26, 2014
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Results show declines shrinking as quarter went on.
Del Taco Restaurants sold all eight company-owned locations in the Reno, Nev., market to franchisee Mark Miller, a partner in Portland, Ore.-based 3 Brothers Restaurants. The franchisee operates a dozen restaurants in the Pacific Northwest and has agreed to open 10 more in that region over the next seven years.
Del Taco Restaurants Inc. (Nasdaq: TACO) shares fell 8% after reporting second quarter same store sales that missed analysts’ expectations.
Del Taco Restaurants Inc. (Nasdaq: TACO) in Lake Forest was down about 2% after missing quarterly earnings expectations.
Del Taco Restaurants Inc. (Nasdaq: TACO) lowered full-year guidance in its most-recent quarterly report. Revenue and net income grew on a 1.4% increase in systemwide same-store sales, with franchised restaurant comps growing faster than company-owned locations.
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.
Del Taco Restaurants Inc. (Nasdaq: TACO) in Lake Forest said revenue increased about 7% to $113 million and net income fell 24% to $3.2 million in its most recent quarter.
Shares in Del Taco Restaurants Inc. (Nasdaq: TACO) in Lake Forest fell about 10% in Thursday trading following yesterday's release of its fourth quarter and full-year results.
Del Taco Restaurants Inc. signed a franchisee to open seven units in Tennessee, a return to that market for the fast food chain, and in Georgia, where Del Taco has recently announced new franchise deals.
Del Taco Restaurants Inc. in Lake Forest said franchisees would open 10 restaurants in West Palm Beach County, Fla., a new market for the fast food chain, and six in Georgia, over the next several years.
Lake Forest-based Del Taco Restaurants Inc. reported net income of about $3.1 million for the first quarter of 2016 compared with a $4.9 million loss year-over-year.
Lake Forest-based Del Taco Restaurants Inc. said its unaudited revenue was about $133 million for the quarter ended Dec. 29.
Three investors that owned the privately held forerunner of Lake Forest-based Del Taco Restaurants Inc. will sell up to 3.87 million shares in a secondary offering, the fast food chain said.
Shares in Lake Forest-based Del Taco Restaurants Inc. rose 13% after markets closed Monday, when the fast food chain said income from operations increased 17% to $10.2 million on revenue of $98.6 million in its most recent quarter.
Lake Forest-based Del Taco Restaurants Inc. reported about $11 million in earnings for its June quarter, a 30% increase over the same period last year.
Shares in the company that plans to buy Lake Forest-based Del Taco Holdings Inc. rose about 5% in early trading today as the Mexican-themed fast food chain reported first quarter earnings up about 33% on revenue up about 9%, compared with the same period last year.
A number of limited partnerships plan to sell four portfolios of land and buildings that house a total of 22 Del Taco fast food restaurants in California, according to Newport Beach-based CBRE, the listing broker for the portfolios.
The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”
A group led by Chicago restaurateur Larry Levy has invested $120 million in Lake Forest-based Del Taco Holdings Inc., the first step in its previously announced acquisition of the fast food chain.
Lake Forest-based Del Taco LLC may be bought as early as this week by Chicago-based Levy Acquisition Corp., according to Reuters.
Lake Forest-based Del Taco LLC is seeking a buyer and could sell for $500 million or more, according to reports.