Fiesta Restaurant Group, Inc. Reports Second Quarter 2019 Results

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Go back to Fiesta Restaurant Group, Inc. Reports Second Quarter 2019 Results

Fiesta Restaurant (FRGI) Misses Q2 EPS by 2c

August 7, 2019 4:45 PM EDT

Fiesta Restaurant (NASDAQ: FRGI) reported Q2 EPS of $0.21, $0.02 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $171.4 million versus the consensus estimate of $172.73 million.

Fiesta President and Chief Executive Officer Richard Stockinger said, Comparable restaurant sales for the second quarter mirrored the decline of the benchmark index in our Florida and Texas markets. Comparable restaurant transactions, however, exceeded the benchmark index in Florida due in part to the popularity of our everyday value platform 'Pollo Time'. Pollo Tropical comparable restaurant sales were negatively impacted by roughly 120 basis points due to... More