El Torito Net Income Down 14% for Quarter
- Share via
El Torito Restaurants Inc. said net income for the first quarter totaled $1.9 million, down 14% from $2.1 million a year earlier. Revenues of $91.7 million were up 40% from $65.4 million the prior year.
Larry J. Cano, president of the Irvine-based restaurant chain, said the results reflect increased interest expenses stemming from the financing for El Torito’s 1985 acquisitions of the Casa Maria and Casa Gallardo restaurant operations.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
