Fiesta Restaurant (FRGI) Misses Q1 EPS by 4c
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Fiesta Restaurant Group, Inc. Reports First Quarter 2017 Results
May 8, 2017 4:05 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 13-week first quarter ended on April 2, 2017.
Select first quarter 2017 results as compared to first quarter 2016 results include:
Total revenues decreased 0.6% to $175.6 million; Comparable restaurant sales at Pollo Tropical decreased 6.7% and comparable restaurant transactions decreased 8.9%. Sales cannibalization negatively impacted comparable restaurant transactions by approximately 0.7%; Comparable restaurant sales at Taco Cabana decreased 4.5% and comparable restaurant transactions decreased 4.0%;... More