Web & Data Editor/Reporter
Newport Beach’s Chipotle Mexican Grill Inc. (NYSE: CMG) reported second quarter revenue and adjusted profit that beat analysts’ consensus estimates.
Five Point Holdings LLC plans to issue via two of its units $100 million in senior notes paying 7.875%.
San Clemente-based Glaukos Corp. (NYSE: GKOS) licensed technology from Intratus Inc. in San Diego to develop and sell new eye care drugs.
FOOD: Juice bar near $100M sales, 150 units
People may not always want to eat their fruits and veggies, but they’re increasingly drinking them.
RESTAURANTS: Looking to double in size
A danger of doing well at one thing is doing well at one thing.
Chipotle, Gains, Newbies Spark Restaurant Surge
Orange County-based restaurants saw its best-ever year for cumulative sales in 2018, thanks to improving same-store sales, expansions, and one very high-profile relocation here.
Santa Ana-based Iteris Inc. (Nasdaq: ITI) received $2.95 million, part of a five-year, $19.5 million contract to help build “intelligent transportation systems” for the Federal Highway Administration.
Blizzard Entertainment’s eSports league, based on its Overwatch franchise, will expand its travel schedule next year, its third season, to include two weekends of homebased gaming competitions each of its 20 teams in six countries.
Former U.S. Congresswoman Mimi Walters has been named to the board of B. Riley Financial Inc.
RETAIL: Philz, Urth Latest of 20 Java Options in Orange
The country may need a good 5-cent cigar, but what the county really needs—based on activity in the city of Orange—is more $5 cups of coffee.
Irvine-based Home Franchise Concepts was purchased by JM Family Enterprises Inc. in Deerfield, Fla., on undisclosed terms.
Yogurtland signed a multiunit deal with a franchisee to enter Indonesia; the frozen dessert chain already has locations in the region in Australia, Myanmar, Singapore and Thailand.
ECONOMY: $102B of sales for largest operators
The large are getting larger—sometimes much larger—in this year’s snapshot of the biggest private companies in Orange County.
Henry and Susan Samueli have given more than $100 million to their namesake school of engineering—the school’s biggest donation ever—at University of California-Los Angeles.
Irvine-based Taco Bell Corp. plans to add franchising in Portugal and Indonesia “in the coming year” a press release said. No franchisers for the new territories were named.
Taco Bell Corp.’s next marketing zinger is a “Tacoasis” in Palm Springs for five days in August.
Taco Bell Corp. expanded its franchising deal with India-based Burman Hospitality Pvt. Ltd., which plans to open 600 locations in its home country over the next 10 years.
Indexes recovered in midday trading Tuesday following yesterday’s broad market decline on tariff concerns.
Costa Mesa-based Lazy Dog Restaurant & Bar plans to open a location next year in Florida, a new market.
The Argyros Family is donating $1.5 million to Boys & Girls Clubs of Central Orange Coast, which covers Irvine, Newport Beach, Costa Mesa, Santa Ana and Orange.
Six people with OC connections were named 2019 Ellis Island Medal of Honor recipients.
Del Taco Restaurants Inc. (Nasdaq: TACO) in Lake Forest was down about 2% after missing quarterly earnings expectations.
Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) hired Denver-based Cypress Group to refranchise company-operated locations in four unnamed, “non-core” Western markets by next summer.
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) in Costa Mesa reported first quarter revenue and adjusted profit that missed analyst consensus estimates.
Five shareholders of Irvine-based ShiftPixy Inc. (Nasdaq: PIXY) that participated in company offerings of notes and warrants have registered to sell most of their holdings in the tech-based temp agency.
Huntington Beach-based BJ’s Restaurants Inc. reported first quarter revenue and adjusted profit that surpassed analyst expectations.
Santa Ana-based Nékter Juice Bar Inc. will open a location in a Whole Foods Market in Porter Ranch, Calif., May 22 and plans more sites in the grocery store chain, which has 500 locations in the U.S., Canada and the U.K. and is owned by Amazon.
Karma Automotive LLC in Irvine appointed Ashoka Achuthan chief financial officer, replacing Cameron Adamson, who had held the post about five years.
Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Miguel Lozano chief operating officer. He joins the company April 1.
Markets initiated a rebound after the Federal Reserve indicated it won’t raises rates again this year. The S&P 500, which was down 0.5% earlier in midday trading, rose to flat at 2,832.24.
Framroze “Fram” Virjee, who has been president of California State University-Fullerton under a temporary posting for about 15 months, was named to “the permanent presidency” by California State University’s Board of Trustees.