Carrols Restaurant Group (TAST) Misses Q3 EPS by 6c; Trims FY16 Revenue Outlook
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Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter of 2016
November 8, 2016 7:00 AM ESTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today announced financial results for the third quarter ended October 2, 2016.
Highlights for third quarter of 2016 versus third quarter of 2015 include:
Restaurant sales increased 9.7% to $238.9 million from $217.7 million in the third quarter of 2015, including $62.7 million in sales from the 207 BURGER KING® restaurants acquired from 2014 to 2016(1); Comparable restaurant sales were flat compared to an increase of 6.5% in the prior year period; Adjusted EBITDA(2) increased 3.2% to $22.7 million from $22.0... More