Del Frisco's (NASDAQ: DFRG) reported Q2 EPS of $0.16, $0.03 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $73.8 million versus the consensus estimate of $75.35 million.

• Comparable restaurant sales increased 1.0% at Del Frisco's Double Eagle and represented the concept's 22nd consecutive quarter of positive comparable restaurant sales.
• Comparable restaurant sales decreased 3.0% at Sullivan's Steakhouse.
• Comparable restaurant sales decreased 6.3% at Del Frisco's Grille.

Outlook

The following statements are not guarantees of future performance, and therefore, undue reliance should not be placed upon them. We refer all of you to our recent filings with the SEC for a more detailed discussion of the risks that could impact future operating results and financial conditions.

Based upon current information, we are making several updates to our guidance for the 52-week fiscal year 2015, which ends on December 29, 2015.

• Consolidated revenue growth of 10% to 13%.
• Total comparable restaurant sales increase of 0.5% to 1.5% (previously 2% to 3%).
• One Del Frisco's Double Eagle Steak House and six Del Frisco's Grille openings.
• One Sullivan's Steakhouse closing.
• Cost of sales of 28.8% to 29.8% of consolidated revenues (previously 29.8% to 30.3%)
• Restaurant-level EBITDA** of 21.8% to 22.2% of consolidated revenues (previously 22.0% to 22.4%).
• General and Administrative expenses of approximately $24.0 million to $24.5 million.
• Pre-opening expenses of approximately $5.0 million to $5.5 million.
• Effective tax rate of approximately 30% to 32%.
• Gross capital expenditures (before tenant allowances) of $40 million to $45 million.
• Annual adjusted earnings per diluted share growth between 5% and 9% (previously 15% to 18%).

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