On Monday, El Pollo LoCo Holdings Inc (NASDAQ:LOCO)’s shares declined -7.26% to $11.37.
El Pollo Loco Holdings, Inc. (LOCO) 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 raised 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.
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. The company offers individual and family-sized chicken meals, Mexican-inspired entrees, sides, and, alternative proteins. As of June 25, 2015, it had about 415 company-owned and franchised restaurants in Arizona, California, Nevada, Texas, and Utah. The company was formerly known as Chicken Acquisition Corp. and changed its name to El Pollo Loco Holdings, Inc. in April 2014.
ImmunoGen, Inc. (NASDAQ:IMGN)’s shares dropped -2.14% to $12.79.
ImmunoGen, Inc. ( IMGN), a biotechnology company that develops novel anticancer therapeutics using its antibody-drug conjugate (ADC) technology, recently declared that investors, journalists and the general public are invited to listen to a live webcast of the Company’s analyst and investor community meeting on September 18, 2015.
ImmunoGen, Inc., a biotechnology company, develops targeted anticancer therapeutics. It develops its products using its antibody-drug conjugates technology. The company offers Kadcyla, an antibody-drug conjugate for the treatment of HER2-positive metastatic breast cancer. Its product candidates comprise IMGN853, which is in Phase I clinical trials for the treatment of ovarian cancer, endometrial cancer, and other cancers; IMGN289 that is in Phase I clinical trials for treating squamous cell carcinoma of head and neck cancer, and non-small cell lung cancer; IMGN529, which is in Phase I clinical trials for the treatment of non-Hodgkin lymphoma and chronic lymphocytic leukemia; and IMGN779 that is in preclinical stage for treating acute myeloid leukemia.
At the end of Monday’s trade, Simon Property Group Inc (NYSE:SPG)‘s shares dipped -4.16% to $182.07.
Simon, a leading global retail real estate company, declared recently that its majority-owned operating partnership partner, Simon Property Group, L.P. (the “Operating Partnership”), has agreed to sell $500 million principal amount of its 2.50% senior notes due September 1, 2020, and $600 million principal amount of its 3.50% senior notes due September 1, 2025. Combined, the new issues of senior notes have a weighted average term of 7.8 years and a weighted average coupon rate of 3.05%. This offering is predictable to close on August 17, 2015, subject to customary closing conditions.
The Operating Partnership intends to use the net proceeds of this offering to fund the redemption of all $366.6 million outstanding principal amount of its 5.75% notes due 2015, and for general corporate purposes.
Citigroup Global Markets Inc., RBC Capital Markets, LLC and UBS Securities LLC are serving as joint book-running managers of the public offering, which is being conducted under the Operating Partnership’s shelf registration statement filed with the Securities and Exchange Commission. Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.
Box Inc (NYSE:BOX), ended its Monday’s trading session with -7.50% loss, and closed at $13.02.
IBM (IBM) and Box (BOX) declared a global partnership that will combine the best-in-class technologies and resources of both companies to transform work in the cloud. Together, the companies plan to integrate their existing products and services and develop new, innovative solutions targeted across industries and professions ranging from medical teams working on complex cases to individuals negotiating consumer loans by mobile phone to engineers and researchers identifying patterns in patents, reports and academic journals.
As companies increasingly seek simple, secure partnership solutions that tap into local data and have global reach, this planned alliance brings together Box’s industry-leading cloud content partnership platform with IBM Analytics and Social solutions, IBM Security technologies and the global footprint of the IBM Cloud. The two companies will jointly deliver these solutions to market internationally, and IBM will also enable builders and developers to integrate Box APIs into enterprise apps and web services.
Box, Inc. provides a cloud-based enterprise content partnership platform that enables organizations of various sizes to access, store, share, and manage their content/information. Its solutions comprise FTP alternative to keep content organized, share files, and manage content access; document administration; an executive boardroom for simplified meeting administration, security and control, and secure mobile access; project administration; a virtual data room; marketing asset administration; a sales portal; secure enterprise mobility; and business applications for enterprise-readiness. It serves advertising, construction, consumer packaged goods, education, energy, financial services and insurance, government, healthcare and life sciences, high tech, legal, manufacturing, media and entertainment, nonprofits, and retail industries. Box, Inc. was formerly known as Box.net, Inc. and changed its name to Box, Inc. in November 2011.
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