Carrols Restaurant Group (TAST) Misses Q1 EPS by 7c
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Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2017
May 9, 2017 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 2017 ended April 2, 2017.
Highlights for first quarter of 2017 versus first quarter of 2016 include:
Restaurant sales increased 7.8% to $239.9 million from $222.5 million in the first quarter of 2016, including $37.7 million in sales from the 154 BURGER KING® restaurants acquired from 2015 to 2017(1); Comparable restaurant sales decreased 0.6% compared to a 5.7% increase in the prior year period; Adjusted EBITDA(2) was $13.9 million compared to $18.5 million in the... More