Web & Data Editor/Reporter
RESTAURANTS: New name, execs; no debt
The former Real Mex Restaurants Inc. has a new name, chief executive and owner. It also has fewer locations and no significant debt.
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.
Orange Coast College named Kevin Ballinger interim president while it searches for a permanent replacement for retiring President Dennis Harkins.
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.
Newport Beach-based American Vanguard Corp. (NYSE: AVD) reported third quarter sales climbed 24% to $111.8 million while net income jumped 60% to $6.5 million.
Broadcom cofounder Henry Samueli kicked off OCTANe’s 2018 med-tech forum with tales from the early days of the chipmaker you’d likely never heard—and hints on what industry today he believes may be ripe for disruption.
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine added Karin Timpone to its board of directors, which now has eight members.
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.
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.