Carrols Restaurant Group (TAST) Reports In-Line Q3 EPS, Slight Miss on Revenues; Offers FY18 Revenue Outlook
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Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter 2018
November 6, 2018 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 September 30, 2018.
Highlights for the Third Quarter of 2018 versus the Third Quarter of 2017 Include:
Restaurant sales increased 4.1% to $296.9 million from $285.2 million in the third quarter of 2017; Comparable restaurant sales increased 1.6% (inclusive of an approximate 0.5% negative impact from Hurricane Florence) compared to a 7.5% increase in the prior year quarter; Adjusted EBITDA(1) increased 8.7% to $26.3 million from $24.2 million in the prior year quarter;... More