Del Taco Restaurants (TACO) Reports Q3 Loss of $0.06; Offers FY15 Guidance
Del Taco Restaurants (NASDAQ: TACO) reported Q3 EPS of ($0.06), versus $0.23 reported last year. Revenue for the quarter came in at $98.6 million versus the consensus estimate of $97.6 million. Comps increased 5.6%.
Del Taco Restaurants sees FY2015 revenue of $420-423 million, versus the consensus of $421 million.
- Total revenue between $420 million and $423 million;
- System-wide same store sales growth of approximately 5.5% to 6.0%;
- Restaurant contribution margin between 19.5% and 19.7%;
- G&A expenses between $29.9 and $30.4 million, prior to accounting for the management equity incentive plan that is expected to be finalized in the fourth quarter;
- Adjusted EBITDA between $64.2 million and $64.8 million; and
- Thirteen system-wide restaurant openings, including seven company-operated restaurants.
For earnings history and earnings-related data on Del Taco Restaurants (TACO) click here.
