Carrols Restaurant Group (TAST) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 Revenue Outlook

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Go back to Carrols Restaurant Group (TAST) Tops Q2 EPS by 2c, Revenues Beat; Offers FY18 Revenue Outlook

Carrols Restaurant Group, Inc. Reports Financial Results for the Second Quarter 2018

August 7, 2018 7:00 AM EDT

Raises Full Year 2018 Outlook

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today announced financial results for the second quarter ended July 1, 2018 and raised its full year 2018 outlook.

Highlights for second quarter of 2018 versus second quarter of 2017 include:

Restaurant sales increased 8.4% to $303.0 million from $279.5 million in the second quarter of 2017; Comparable restaurant sales increased a solid 5.0% compared to a 4.6% increase in the prior year quarter; Adjusted EBITDA(1) increased 19.4% to $32.8 million from $27.5... More