Carrols Restaurant (TAST) Posts Wider than Expected Q4 Loss; Guides FY13 Sales

Carrols Restaurant Group, Inc. (NASDAQ: TAST) reported Q4 EPS of ($0.28), $0.15 worse than the analyst estimate of ($0.13). Revenue for the quarter came in at $162.6 million versus the consensus estimate of $166.76 million.

Comparable restaurant sales at legacy restaurants were strong and increased 7.3%, including customer traffic growth of 1.1% and an average check increase of 6.2%.

Carrols Restaurant Group, Inc. sees FY2013 revenue of $670-$700 million, versus the consensus of $693.24 million.

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

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