Carrols Restaurant Group (TAST) Tops Q3 EPS by 1c

Carrols Restaurant Group (NASDAQ: TAST) reported Q3 EPS of $0.08, $0.01 better than the analyst estimate of $0.07. Revenue for the quarter came in at $285.2 million versus the consensus estimate of $277.25 million.

• Restaurant sales increased 19.4% to $285.2 million from $238.9 million in the third quarter of 2016, including $59.6 million in sales from the 171 BURGER KING® restaurants acquired from 2015 to 2017(1);
• Comparable restaurant sales increased 7.5% compared to being flat in the prior year period;
• Adjusted EBITDA(2) was $24.2 million compared to $22.7 million in the prior year period;
• Net income was $2.8 million, or $0.06 per diluted share, compared to net income of $4.5 million, or $0.10 per diluted share, in the prior year period;
• Adjusted net income(2) was $3.5 million, or $0.08 per diluted share, compared to adjusted net income of $5.7 million, or $0.13 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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