Carrols Restaurant Group (TAST) Misses Q1 EPS by 5c
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Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter of 2015
May 5, 2015 7:00 AM EDTCompany Raises Outlook
SYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today announced financial results for the first quarter ended March 29, 2015. The Company also raised its 2015 outlook for revenues and Adjusted EBITDA.
Highlights for the first quarter of 2015 versus the first quarter of 2014 include:
Restaurant sales increased 27.5% to $193.2 million from $151.5 million in the first quarter of 2014, which included $32.5 million in sales from 123 BURGER KING® restaurants that were acquired in 2014; Comparable restaurant sales increased 8.4% compared to a 2.5% decrease... More