Carrols Restaurant Group (TAST) Misses Q1 EPS by 7c

Carrols Restaurant Group (NASDAQ: TAST) reported Q1 EPS of ($0.14), $0.07 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $239.9 million versus the consensus estimate of $234.29 million.

• Restaurant sales increased 7.8% to $239.9 million from $222.5 million in the first quarter of 2016, including $37.7 million in sales from the 154 BURGER KING® restaurants acquired from 2015 to 2017(1);
• Comparable restaurant sales decreased 0.6% compared to a 5.7% increase in the prior year period;
• Adjusted EBITDA(2) was $13.9 million compared to $18.5 million in the prior year period;
• Net loss was $5.6 million, or $0.16 per diluted share, compared to net income of $2.1 million, or $0.05 per diluted share, in the prior year period.
• Adjusted net loss(2) was $4.8 million, or $0.14 per diluted share, compared to adjusted net income of $2.3 million, or $0.05 per diluted share, in the prior year period.

For earnings history and earnings-related data on Carrols Restaurant Group (TAST) click here.

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