Brief: Carrols Restaurant Group Q3 Adjusted Earnings Per Share $0.09

Carrols Restaurant

05/11/2020 13:14

Nov 5 (Reuters) - Carrols Restaurant Group Inc  TAST.O :
    * CARROLS RESTAURANT GROUP, INC. REPORTS FINANCIAL RESULTS
FOR THE
THIRD QUARTER 2020
    * Q3 ADJUSTED EARNINGS PER SHARE $0.09
    * Q3 EARNINGS PER SHARE $0.06
    * Q3 SALES $407 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$403.9
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $0.11 -- REFINITIV IBES
DATA
    * QTRLY TOTAL RESTAURANT SALES INCREASED 2.2% TO $407.0
MILLION
    * REAFFIRMS EXPECTATION OF $40 MILLION TO $50 MILLION PER
YEAR IN
CAPITAL EXPENDITURES FOR NEXT THREE YEARS
    * QTRLY COMPARABLE RESTAURANT SALES FOR COMPANY'S BURGER
KING
RESTAURANTS INCREASED 0.8%
    * QTRLY COMPARABLE RESTAURANT SALES FOR COMPANY'S POPEYES
RESTAURANTS INCREASED 5.5%
    * OVER PAST TWO MONTHS, HAVE SEEN MODEST SOFTENING IN
COMPARABLE
SALES AT OUR BURGER KING RESTAURANTS
    * CARROLS RESTAURANT - IN TERMS OF ORGANIC GROWTH, IN
PROCESS OF
NEGOTIATING RESTRUCTURING OF BURGER KING AREA DEVELOPMENT
AGREEMENT WITH OUR FRANCHISOR

Source text for Eikon:  ID:nBw8wK57Da 
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