Del Frisco's (DFRG) Misses Q3 EPS by 1c; Guides FY16 EPS Below Consensus

Del Frisco's (NASDAQ: DFRG) reported Q3 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $71.4 million versus the consensus estimate of $73.15 million.

Total comparable restaurant sales decreased 3.0%.

• Comparable restaurant sales decreased 3.7% at Del Frisco’s Double Eagle Steak House comprised of a 3.1% increase in average check and 6.8% decrease in customer counts.
• Comparable restaurant sales decreased 3.2% at Sullivan’s Steakhouse comprised of a 0.4% increase in average check and 3.6% decrease in customer counts.
• Comparable restaurant sales decreased 1.4% at Del Frisco’s Grille comprised of a 0.3% increase in average check and 1.7% decrease in customer counts.

GUIDANCE:

Del Frisco's sees FY2016 EPS of $0.79-$0.81, versus the consensus of $0.83. Total comparable restaurant sales of minus 1.0% to minus 0.5%. This represents a positive comparable restaurant sales expectation during the fourth quarter.

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

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