Brief: Carrols Restaurant Group Reports Q1 Loss Per Share $0.09

Carrols Restaurant

08/05/2018 12:15

May 8 (Reuters) - Carrols Restaurant Group Inc  TAST.O :
    * CARROLS RESTAURANT GROUP, INC. REPORTS FINANCIAL RESULTS
FOR THE
FIRST QUARTER 2018
    * Q1 ADJUSTED LOSS PER SHARE $0.08
    * Q1 LOSS PER SHARE $0.09
    * Q1 SALES ROSE 13.2 PERCENT TO $271.6 MILLION
    * Q1 EARNINGS PER SHARE VIEW $-0.18 -- THOMSON REUTERS
I/B/E/S
    * CARROLS RESTAURANT GROUP -2018  TOTAL RESTAURANT SALES
EXPECTED
TO BE $1.15 BILLION - $1.17 BILLION INCLUDING COMPARABLE
RESTAURANT SALES INCREASE OF 3%- 5%
    * ADJUSTED EBITDA IS NOW EXPECTED TO BE $95 MILLION TO $102
MILLION FOR 2018
    * CAPITAL EXPENDITURES BEFORE DISCRETIONARY GROWTH-RELATED
EXPENDITURES ARE EXPECTED TO BE $50 MILLION TO $60 MILLION FOR
2018
    * IN 2018 EXPECTS TO CLOSE 20 TO 25 EXISTING RESTAURANTS,
THREE OF
WHICH WERE CLOSED DURING Q1
    * AT END OF Q1 OF 2018, CARROLS OWNED AND OPERATED 807
BURGER KING
RESTAURANTS
    * QTRLY COMPARABLE RESTAURANT SALES INCREASED 6.2% VERSUS
0.6%
DECREASE IN PRIOR YEAR QUARTER

Source text for Eikon:  ID:nBw2BkdbYa 
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