Del Taco Restaurants (TACO) Tops Q4 EPS by 1c, Offers Guidance

Del Taco Restaurants (NASDAQ: TACO) reported Q4 EPS of $0.18, $0.01 better than the analyst estimate of $0.17. Revenue for the quarter came in at $157.1 million versus the consensus estimate of $157.32 million.

• System-wide comparable restaurant sales increased 0.4%

GUIDANCE:

Del Taco Restaurants sees FY2020 EPS of $0.35-$0.40, versus the consensus of $0.47. Del Taco Restaurants sees FY2020 revenue of $503-513 million, versus the consensus of $504.75 million.

• System-wide comparable restaurant sales growth of low single digits;
• Total revenue between $503 million and $513 million;
• Company-operated restaurant sales between $459 million to $469 million;
• Restaurant contribution* margin between 16.2% and 16.7%;
• General and administrative expenses between approximately 8.6% and 8.9% of total revenue;
• Effective tax rate of approximately 27.0% to 27.5%;
• Adjusted diluted earnings per share* of approximately $0.35 to $0.40;
• Adjusted EBITDA* between $57.0 million and $60.0 million;
• 15 to 20 gross system-wide new unit openings, including 5 company-operated restaurants, and an estimated 1% system-wide closure rate; and
• Net capital expenditures between $33 million to $38 million.

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

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