Del Taco Restaurants (NASDAQ: TACO) reported Q2 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $100 million versus the consensus estimate of $100.06 million.

System-wide comparable restaurant sales growth of 3.3%.

Paul J.B. Murphy, III, President and Chief Executive Officer of Del Taco, commented, “Effective execution resulted in solid second quarter performance that was in line with our expectations and characterized by system-wide comparable restaurant sales growth, restaurant contribution margin expansion, and increases in both adjusted EBITDA and net income.”

Murphy added, “Del Taco’s brand equity and unique barbell menu strategy supported favorable menu mix shifts driven by premium category use while our expanded Buck & Under platform provided guests compelling every day value without discounting. At company restaurants, effective menu price increases and favorable menu mix combined with modest commodity deflation helped offset the California minimum wage increase to $10/hour and led to meaningful restaurant contribution margin expansion.”

Murphy continued, “In late June, we launched Fresh Combined Solutions, the next phase of our Combined Solutions strategy. The goal is to build upon our successful repositioning by putting a finer point on our brand positioning to further differentiate Del Taco. In addition to a number of operational enhancement initiatives designed to drive quality, speed, and service, we launched several brand catalysts to drive demand. We are delighted with how 2016 is shaping up for our business, confident that we can achieve our annual guidance, and are excited by what we have yet to accomplish this fiscal year.”

GUIDANCE:

Del Taco Restaurants sees FY2016 EPS of $0.53-$0.56, versus the consensus of $0.55. Del Taco Restaurants sees FY2016 revenue of $439-449 million.

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