Del Frisco's (DFRG) Tops Q1 EPS by 2c

Del Frisco's (NASDAQ: DFRG) reported Q1 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $81.2 million versus the consensus estimate of $80.32 million.

• Total comparable restaurant sales* decreased 1.1%.
• Comparable restaurant sales* decreased 0.1% at Del Frisco’s Double Eagle Steak House comprised of a 1.0% decrease in average check partially offset by a 0.9% increase in customer counts.
• Comparable restaurant sales* decreased 1.8% at Sullivan’s Steakhouse comprised of a 4.5% decrease in customer counts partially offset by a 2.7% increase in average check.
• Comparable restaurant sales* decreased 2.8% at Del Frisco’s Grille comprised of a 4.7% decrease in average check partially offset by a 1.9% increase in customer counts.

GUIDANCE:

Del Frisco's sees FY2016 EPS of $0.83-$0.86, versus the consensus of $0.84.

For earnings history and earnings-related data on Del Frisco's (DFRG) click here.

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