Del Frisco's (DFRG) Misses Q4 EPS by 3c; Explores Strategic Alternatives for Sullivan’s Steakhouse

Del Frisco's (NASDAQ: DFRG) reported Q4 EPS of $0.39, $0.03 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $121.9 million versus the consensus estimate of $123.49 million.

GUIDANCE:

Del Frisco's sees FY2018 EPS of $0.66-$0.76, versus the consensus of $0.86.

• Total comparable restaurant sales growth of 0% to 2%.

Exploration of Strategic Alternatives for Sullivan’s SteakhouseOur Board of Directors has authorized us to explore strategic alternatives for Sullivan’s Steakhouse and we have retained Piper Jaffray as our financial advisor to lead the process. The exploration of strategic alternatives may or may not result in a sale or other transaction. We will not provide any further updates on the review unless and until a definitive course of action has been approved by the Board of Directors.

On February 27, 2018, our Board of Directors provided authority for up to $50 million to be utilized for the repurchase of our common stock. Repurchases are intended to protect existing shareholders and will be made exclusively through the use of excess cash flow. They will have no impact on our ongoing development and growth plans.

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

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