Latest news with #TexMex
Daily Record
21-05-2025
- Business
- Daily Record
Widow of Falkirk restaurant owner determined to carry on late husband's business
Mohan Karki had hoped to expand his Tex Mex restaurant before his death earlier this year. The widow of a Falkirk restaurant owner is "determined to carry on" with her husband's plans for the business, following his death at the age of 52. Mohan Karki, owner of Mexican Tex Mex and Grill, had applied to Falkirk Council's licensing board for permission to expand his restaurant on Graham's Road from 35 covers to 50. In February, Mr Karki had tried to attend a meeting of the board in February online, but technical difficulties meant he was not able get connected and the matter was continued. However, at a board meeting the following month, members heard that he had sadly passed away. Today (Wednesday), the board members heard that his wife has now taken over the running of Mr Karki's businesses and she intends to carry on the expansion that he had hoped to see. Gordon Emslie, representing Mrs Karki, told the board: "The change is to accommodate the growing number of customers that frequent the premises which is a really positive sign at a testing time for hospitality generally in Falkirk. "Mrs Karki is on a very steep learning curve to manage the three businesses her husband ran. "She had limited involvement in the day to day operations, however, I'm glad to report that with the support of her family, Mrs Karki is determined to carry on the growing of the business in the manner her husband would have done." Mr Emslie said that Mrs Karki wanted to thank Falkirk Council's licensing team for their assistance at a very difficult time for her. Mr Karki was a former Vice President of the Non-Resident Nepali Association (NRNA), United Kingdom (UK) and an active member of Forth Valley Napalese Association. A tribute in Nepali newspaper, Nepal Khabar, said he had made significant contributions to various charities and appeals over the years. It added: "He was popular among the Nepali community in the UK for his straightforwardness, helpful nature, and active involvement." Last year, the Mexican Tex-Mex Bar and Grill was named as Mexican Restaurant of the Year in the Scottish Restaurant Awards.
Yahoo
16-05-2025
- Business
- Yahoo
The Beloved American Fast Food Chain Opening Its First Location In The Emerald Isle
There are plenty of iconic American chains our neighbors across the pond wish they could get their hands on, and vice versa. The United States can boast the beginnings of Subway and McDonald's, while the United Kingdom can brag about Greggs and Pret A Manger (our number one ranked most popular sandwich chain). Finally, it seems like the luck of the Irish is working in the Emerald Isle's favor, as the citizens of Ireland are about to receive their very first Taco Bell location and all of the glory that comes along with it. That's right, a taste of Tex Mex is coming to the home of Guinness later this summer, with plans for even more Taco Bell restaurants opening around the country over the next five years. There's no official word about where the fast food chain will open, but customers can expect to find it at one of the 200 various Applegreen service stations, as the two recently signed a partnership agreement. The expansion of the popular chain is just one step in Applegreen's €1 billion plan to grow business throughout the U.K., Ireland, and the U.S. Read more: 11 Mexican Restaurant Chains, Ranked Worst To Best There are currently no other Taco Bell locations in Ireland, but there are over 100 locations scattered around the U.K. The British didn't start seeing Crunchwrap Supremes until the 2010s, when the first restaurant opened at Lakeside Shopping Center in Essex. Before this, Taco Bells were introduced to the U.K. in the 1980s, but the few locations that opened all shut down simultaneously after a few years. The chain currently operates over 8,700 locations across 26 countries around the globe, though the mega-popular Mexican-inspired restaurant has its roots back in sunny Downey, California (and in case you're curious, here's everything that was on Taco Bell's opening day menu). It's been an exciting year for the Irish public when it comes to trying American foods, seeing as Applegreen also recently opened Ireland's first Chick-fil-A location in County Down a few months ago. There are other quick service Mexican chains in Ireland — such as Chipotle, Boojum, and Zambrero — but many Irish citizens have yet to taste a Taco Bell Crispalupa or a Mountain Blast Baja Blast Freeze for themselves. Pretty soon, Irish citizens won't have to stare longingly at a screen dreaming of the day when they can try a Beefy 5-layer Burrito. They'll be able to hop in their cars and head to an Applegreen to grab one any time. Read the original article on Tasting Table.
Daily Mail
27-04-2025
- Business
- Daily Mail
Chili's makes major change to its most popular burger...but no one noticed
Chili's has made a major change to its most popular burger, yet customers and their own executives could not pinpoint exactly what was different. CEO Kevin Hochman confessed that the restaurant chain made a major alteration to their best-selling cheeseburger, The OldTimer, that's saving them a fortune. 'One of the executives was like, "Oh, the burger is different." Another was like, "Oh, the cheese is different." Another one's like, "The buns are toasted differently." We all got it wrong,' he told the Wall Street Journal. Little did they know, the money-saving trick was actually the pickles. Hochman revealed the company's kitchen staff were fed up with the five-gallon pickle jugs that resembled 'painter's jugs' which required a special tool to pry open. He referred to the process as 'liberating the pickles.' 'It was like a 5-gallon jug that looked like a painter's jug and it had a special tool to pry open the pickles.' Instead, the company swapped the type of pickle they used - opting for a jar that had a twist top that saved employees time and hassle. The simple pickle swap ended up saving the company millions. 'They said, 'Oh by the way, this is over half a million dollars cheaper than the liberated pickles,'' he said. The pickle swap is just one of many cost-cutting measures Chili's has implemented as part of a strategy that appears to be working effectively for the chain. It comes as Chili's pulled off a remarkable comeback, which experts are hailing as the 'best one of all time.' The 49-year-old casual dining restaurant, which is known for its baby back ribs and Tex Mex menu, has seen a surge in customers in the last year. As other restaurant chains are filing for bankruptcy and struggling to get people through the door, foot traffic to Chili's increased 20 percent in the last quarter. Sales at restaurants that have been open for at least a year increased a huge 31 percent last quarter, which was its third consecutive quarter of double-digit growth. These stunning results drove parent company Brinker International's stock up 16 percent on Wednesday to a record high. Analysts said the company's turnaround was 'the best one of all time' for the restaurant industry, while another said Hochman was 'going to write a great book on this some day,' CNN reported. So how has this once-forgotten chain managed to pull this off? Chili's updated its menu, and leant heavily into social media, managing to build up a new younger audience. 'Chili's has been on fire lately and has been significantly boosting traffic to its restaurants,' Neil Saunders, head of retail at GlobalData, told in February. 'There are a whole host of reasons for the success including improved menus and product quality, strong social media activity, and winning over younger diners.' Chili's is also helped by the fact it is good value for money, so it's an affordable indulgence for many Americans who are still feeling pinched by inflation, he said. Hochman, who took over the top role in 2022, simplified the Chili's menu and upgraded its French fry and chicken tender - or chicken 'crisper' - recipes. Brinker International spent more than $400 million on the new menu, plus adding more servers and upgrading outdated restaurants. Now, the menu focuses on four core offerings: burgers, chicken crispers, fajitas and margaritas.
Yahoo
14-04-2025
- Business
- Yahoo
Evolution Petroleum Closes Acquisition of Non-Operated Oil and Natural Gas Assets in New Mexico, Texas, and Louisiana
Transaction Remains Highly Accretive to Both Near and Long-Term Cash Flows HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Evolution Petroleum Corporation (NYSE American: EPM) ("Evolution" or the "Company") today announced the closing of its previously announced acquisition of non-operated oil and natural gas assets located in New Mexico, Texas, and Louisiana (the "Acquisition", or "TexMex"). The total purchase price for the Acquisition is $9.0 million before customary post-closing adjustments, with an effective date of February 1, 2025. The Company funded the Acquisition through a combination of cash on hand and borrowings under its existing credit facility. Strategic Benefits of the Acquisition: Attractive valuation at ~3.4x estimated next 12 months (NTM) Adjusted EBITDA1 based on current strip pricing. Adds ~440 net BOEPD of stable, low-decline production (60% oil and 40% natural gas). Provides enhanced cash flow visibility and strengthens long-term dividend sustainability. Offers low-risk development upside with potential for incremental production growth. $9.0 million purchase price vs. ~$13 million of Proved Developed PV-102.2 Kelly Loyd, President and Chief Executive Officer, commented: "Despite recent commodity price and market volatility, our TexMex transaction remains highly accretive to both near-term and long-term cash flows and directly supports our core objective — preserving and enhancing the long-term sustainability of our dividend. Our negotiated deal represents a significant discount to PV10 at the current strip and, due to its low-decline nature, should only get better if oil prices move back up to a more normalized price range. TexMex is yet another execution of our proven strategy and represents exactly the kind of transaction that underpins Evolution's long-standing commitment to deliver a stable and sustainable dividend." About Evolution Petroleum Evolution Petroleum Corporation is an independent energy company focused on maximizing total shareholder returns through the ownership of and investment in onshore oil and natural gas properties in the U.S. The Company aims to build and maintain a diversified portfolio of long-life oil and natural gas properties through acquisitions, selective development opportunities, production enhancements, and other exploitation efforts. Visit for more information. Non-GAAP Disclosure Certain financial information utilized by the Company are not measures of financial performance recognized by accounting principles generally accepted in the United States ('GAAP'). Adjusted EBITDA is a non-GAAP financial measure used as a supplemental financial measure by management and external users of the Company's financial statements, such as investors, commercial banks, and others, to assess our operating performance as compared to that of other companies in our industry. We use these measures to assess our ability to incur and service debt and fund capital expenditures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. The Company defines 'Adjusted EBITDA' as net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion, and accretion (DD&A), stock-based compensation, ceiling test impairment, and other impairments, unrealized loss (gain) on change in fair value of derivatives, and other non-recurring or non-cash expense (income) items. The Company cannot provide a reconciliation of 2025E Adjusted EBITDA without unreasonable efforts because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items required for reconciliation. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results. PV-10 is a non-GAAP financial measure that differs from a financial measure under GAAP known as 'standardized measure of discounted future net cash flows' in that PV-10 is calculated without including future income taxes. The Company believes the presentation of PV-10 provides useful information because it is widely used by investors in evaluating oil and natural gas companies without regard to specific income tax characteristics of such entities. The Company also uses PV-10 when assessing the potential return on investment related to oil and natural gas properties and in evaluating acquisition opportunities. PV-10 is not intended to represent the current market value of the Company's estimated proved reserves. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP. The Company also presents PV-10 at strip pricing, which is PV-10 adjusted for price sensitivities. Since GAAP does not prescribe a comparable GAAP measure for PV-10 of reserves adjusted for pricing sensitivities, it is not practicable for the Company to reconcile PV-10 at strip pricing to a standardized measure or any other GAAP measure. Cautionary Statement All forward-looking statements contained in this press release regarding the Company's current and future expectations, potential results, and plans and objectives involve a wide range of risks and uncertainties. Statements herein using words such as "believe," "expect," "may," "plans," "outlook," "should," "will," and words of similar meaning are forward-looking statements. Although the Company's expectations are based on business, engineering, geological, financial, and operating assumptions that it believes to be reasonable, many factors could cause actual results to differ materially from its expectations. The Company gives no assurance that its goals will be achieved. These factors and others are detailed under the heading "Risk Factors" and elsewhere in our periodic reports filed with the Securities and Exchange Commission ("SEC"). The Company undertakes no obligation to update any forward-looking statement. Contact Investor Relations(713) 935-0122ir@ 1) Adjusted EBITDA is Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization and is a non-GAAP financial measure; see disclosures at the end of this release for more information. NTM Adjusted EBITDA multiple based on Company estimates and NYMEX strip pricing as of 4/11/25.2) PV-10 is based on current NYMEX strip prices as of 4/11/25 and is a non-GAAP financial measure; see disclosures at the end of this release for more information. This press release was published by a CLEAR® Verified individual.
Yahoo
06-03-2025
- Entertainment
- Yahoo
Let's Eat at Frida's House in Gaffney, S.C.
GAFFNEY, S.C. (WSPA) – If you're looking for a restaurant passionate about family, food and Mexican history, you'll find it at Frida's House in Gaffney, S.C. The Mexican restaurant is located on West Floyd Baker Boulevard in Gaffney and is painted in bright colors, inside and out. Sherlyn Vargas manages the restaurant with her family and encourages everyone to visit and try their California-style dishes like TexMex, Quesabirria, a beef taco with flavorful dipping sauce, and the Mocajeta. There's also an extensive salsa bar and regular bar with creative and authentic cocktails. Much of the art and decor is of Mexican feminist and painter Frida Kahlo. The restaurant is open from 11 a.m. to 9 p.m. and open until 10 p.m. on Friday and Saturday at 1014 West Floyd Baker Blvd, Gaffney, S.C., 29314. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
