Carrols Restaurant Group (TAST) Misses Q4 EPS by 5c, Revenues Beat; Comp. Sales Up 2.7%; Offers FY19 Revenue Guidance Below Consensus
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Carrols Restaurant Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2018
February 27, 2019 7:00 AM ESTSYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today reported financial results for the fourth quarter and full year ended December 30, 2018.
Highlights for the Fourth Quarter of 2018 versus the Fourth Quarter of 2017 Include:
Restaurant sales increased 8.4% to $307.8 million from $284.0 million in the fourth quarter of 2017; Comparable restaurant sales increased 2.7% compared to an 8.9% increase in the prior year quarter; Adjusted EBITDA(1) was $24.3 million compared to $25.8 million in the prior year quarter;... More