Carrols Restaurant Group (TAST) Tops Q1 EPS by 12c
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Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter of 2016
May 10, 2016 7:00 AM EDTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today announced financial results for the first quarter ended April 3, 2016. The Company also moderately raised its 2016 outlook.
For 2016, the Company has modified its groupings of restaurants for reporting and analysis purposes. Acquired restaurants refer to those restaurants acquired from 2014 through 2016. Legacy restaurants include all of the Companys other restaurants including restaurants acquired before 2014.
Highlights for first quarter of 2016 versus first quarter of 2015 include:
Restaurant sales increased 15.2% to $222.5 million from $193.2 million in the first... More