Del Taco Restaurants (TACO) Reports In-Line Q3 EPS; Trims Top End of EPS Views

Del Taco Restaurants (NASDAQ: TACO) reported Q3 EPS of $0.13, in-line with the analyst estimate of $0.13. Revenue for the quarter came in at $110 million versus the consensus estimate of $110.46 million. System-wide comparable restaurant sales growth of 4.1% and company-operated comparable restaurant sales growth of 3.7%, marking the 16th and 21st consecutive quarter of gains, respectively.

GUIDANCE:

• Del Taco Restaurants sees FY2017 EPS of $0.52-$0.54, versus $0.52 and $0.55 prior and the consensus of $0.55.
• Total FY2017 revenue between $472 million and $475 million (previously $470 million and $476 million.)
• System-wide comparable restaurant sales growth of approximately 4.0% to 4.5% (previously 3.5% to 4.5%)

For earnings history and earnings-related data on Del Taco Restaurants (TACO) click here.

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