Fiesta Restaurant Group, Inc. Reports Third Quarter 2019 Results
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Fiesta Restaurant (FRGI) Misses Q3 EPS by 9c
November 5, 2019 4:20 PM ESTFiesta Restaurant (NASDAQ: FRGI) reported Q3 EPS of $0.01, $0.09 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $164.2 million versus the consensus estimate of $163.53 million. Comparable restaurant sales at Pollo Tropical decreased 3.8%; Comparable restaurant sales at Taco Cabana decreased 4.8%.
Fiesta President and Chief Executive Officer Richard Stockinger said, "Although quarterly comparable restaurant sales declined, we experienced sequential improvement at both brands as a result of our everyday value platform, LTO promotions and growing sales traction from our investments in off premise channels. In addition, third quarter comparable restaurant sales at... More
