Carrols Restaurant Group (TAST) Misses Q1 EPS by 13c, Revenues Miss, Comp. Sales Up 2.4%; Offers FY19 Revenue Views

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Go back to Carrols Restaurant Group (TAST) Misses Q1 EPS by 13c, Revenues Miss, Comp. Sales Up 2.4%; Offers FY19 Revenue Views

Carrols Restaurant Group, Inc. Reports Financial Results For the First Quarter 2019

May 8, 2019 7:00 AM EDT

Raises Guidance for Cambridge Merger

SYRACUSE, N.Y.--(BUSINESS WIRE)-- Carrols Restaurant Group, Inc. (Carrols or the Company) (Nasdaq: TAST) today reported financial results for the first quarter ended March 31, 2019.

Carrols owned and operated 845 Burger King® restaurants on March 31, 2019. On April 30, 2019, the Company completed its previously announced merger with Cambridge Franchise Holdings, LLC (Cambridge) which resulted in Carrols acquiring 165 additional Burger King® and 55 Popeyes® restaurants in 10 Southeastern states. The Company currently operates 1,010 Burger King® and 55 Popeyes® restaurants in 23 states following the acquisition and is the largest franchisee of Restaurant Brands International, Inc. (the franchisor of... More