Fiesta Restauran (FRGI) Misses Q2 EPS by 6c
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Fiesta Restaurant Group, Inc. Reports Second Quarter 2016 Results
August 3, 2016 4:06 PM EDTDALLAS--(BUSINESS WIRE)-- Fiesta Restaurant Group, Inc. (Fiesta or the Company) (NASDAQ: FRGI), parent company of the Pollo Tropical® and Taco Cabana® fast casual restaurant brands, today reported results for the second quarter 2016, which ended on July 3, 2016.
Select second quarter 2016 results as compared to the second quarter 2015 include:
Total revenues increased 5.6% to $181.5 million; Comparable restaurant sales at Pollo Tropical decreased 1.4% and comparable guest traffic decreased 2.6%, including the impact of sales cannibalization that negatively impacted comparable restaurant transaction growth by approximately 2.0%; Comparable restaurant sales at Taco Cabana decreased 3.8%... More