On Thursday, Shares of Navistar International Corp (NYSE:NAV), gained 2.73% to $17.30.
Navistar International Corporation declared that Bill McMenamin, president of Navistar Financial Corporation (NFC), will add responsibilities as senior vice president and treasurer of the company. McMenamin replaces Jim Moran, who is leaving Navistar to pursue other career opportunities.
McMenamin joined Navistar in 2001 as director of corporate finance and has held roles of increasing responsibility at NFC, Navistar’s wholly owned finance partner, counting vice president of strategy, vice president of credit, chief financial officer and treasurer, in addition to president of NFC. Preceding to joining Navistar, McMenamin served as the chief financial officer of the Advanced Group, a privately held human resources services company. Earlier in his career, McMenamin worked at Continental Bank and Ernst & Whinney.
Moran joined Navistar in 2005 following a 16-year career at R.R. Donnelley & Sons Company. Moran held roles of increasing responsibility at Navistar counting director of corporate finance, vice president and assistant treasurer, and senior vice president and treasurer.
Navistar International Corporation manufactures and sells commercial and military trucks, diesel engines, and school and commercial buses; and provides service parts for trucks and diesel engines worldwide.
Shares of El Pollo LoCo Holdings Inc (NASDAQ:LOCO), inclined 7.04% to $12.62, during its last trading session.
El Pollo Loco Holdings, declared financial results for the 13-week period ended July 1, 2015.
Highlights for the second quarter ended July 1, 2015, contrast to the second quarter ended June 25, 2014 were as follows:
- Total revenue rose to $89.5 million contrast to $86.9 million.
- System-wide comparable restaurant sales grew 1.3%, counting a 0.5% decrease for company-operated restaurants, and a 2.6% enhance for franchised restaurants.
- Net income was $7.2 million, or $0.18 per diluted share, contrast to net income of $6.6 million, or $0.22 per diluted share.
- Pro forma net income (1) raised 21.4% to $7.4 million, or $0.19 per diluted share, contrast to $6.1 million, or $0.16 per diluted share.
- Adjusted EBITDA (1) raised 2.6% to $17.0 million.
Second Quarter 2015 Financial Results
Company-operated restaurant revenue in the second quarter of 2015 raised 2.7% to $83.6 million, from $81.4 million in the same period last year. The growth in company-operated restaurant revenue was driven largely by 13 new units opened during and subsequent to the second quarter of 2014 offset by loss of sales from six units sold to a franchisee and one company-operated unit closed in fiscal year 2014.
Comparable company-operated restaurant sales in the second quarter reduced 0.5%, driven by a 3.9% decrease in traffic, partially offset by a 3.4% enhance in average check.
Franchise revenue in the second quarter of 2015 raised 6.0% to $5.9 million, from $5.5 million in the second quarter of 2014. Franchised comparable restaurant sales raised 2.6% during the quarter.
Restaurant contribution was $18.0 million, contrast to $18.4 million in the second quarter of 2014. As a percent of company-operated restaurant revenue, restaurant contribution margin reduced 100 basis points to 21.6%. The decrease in restaurant contribution margin was primarily the result of raised medical and workers compensation claims and higher food costs due to alternative proteins marketed during the quarter.
El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States.
At the end of Thursday’s trade, Shares of International Game Technology PLC (NYSE:IGT), gained 1.58% to $16.76.
International Game Technology PLC, Wheel of Fortune slots propelled its millionaire-minting momentum when a lucky player won $1,554,472 playing Wheel of Fortune 5X Pay at Mohegan Sun in Connecticut on Aug. 8, 2015. The winner wished to remain anonymous.
No one pays jackpots like IGT. IGT launched Wheel of Fortune slots in 1996 and solidified the Company’s leadership in Wide Area Progressive technology. Known as the most successful slot title of all-time, the fan-favorite theme has minted nearly 1,000 millionaires and delivered over $3 billion in jackpots throughout its illustrious history. IGT has created more than 200 variations of the game that can be found on casino floors in more than 20 countries worldwide.
International Game Technology PLC operates and provides a range of services and technology products across lotteries, machine gaming, sports betting, and interactive gaming markets in North America, Asia, and Europe.
Finally, Hancock Holding Company (NASDAQ:HBHC), ended its last trade with 3.26% gain, and closed at $27.25.
JTS Capital Group declared that Carl J. Chaney has joined the firm as Vice Chairman focused on new loan acquisition sourcing and portfolio administration. Mr. Chaney, 53, has 29 years of planned business leadership experience and a proven track record of building businesses in the financial services sector. Most recently, he was Chief Executive Officer, President and Director of Hancock Holding Company (HBHC), the 32nd largest U.S.-based bank holding company and the parent company of Hancock Bank and Whitney Bank.
Jim Sartain, Chief Executive Officer of JTS, said, “We are thrilled to welcome Carl to the JTS team. Having led noteworthy growth at Hancock, particularly during the 2008 credit crisis and through the acquisition of Whitney Holding Corp., he possesses invaluable experience in the financial services sector. Carl will play a key planned role at JTS, identifying new investment opportunities in addition to funding strategies. His expertise will assist enable us to continue building on the success of our credit investing franchise.”
Hancock Holding Company operates as the bank holding company for Whitney Bank that provides a range of community banking services to commercial, small business, and retail customers. The company offers various deposit products, counting noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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