Brief: Carrols Restaurant Group Reports Q1 Results

Carrols Restaurant

08/05/2019 12:22

May 8 (Reuters) - Carrols Restaurant Group Inc  TAST.O :
    * CARROLS RESTAURANT GROUP, INC. REPORTS FINANCIAL RESULTS
FOR THE
FIRST QUARTER 2019
    * Q1 ADJUSTED LOSS PER SHARE $0.29
    * Q1 LOSS PER SHARE $0.32
    * Q1 SALES ROSE 7.1 PERCENT TO $290.8 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.16 -- REFINITIV IBES
DATA
    * EXCLUDING CAMBRIDGE, SEES FY 2019 TOTAL RESTAURANT SALES
TO BE
IN RANGE $1.25 BILLION TO $1.28 BILLION
    * CARROLS RESTAURANT GROUP- WITH CAMBRIDGE INCLUDED FOR
ABOUT
EIGHT MONTHS IN 2019, SEES FY 2019 TOTAL RESTAURANT SALESIN
RANGE  $1.45 BILLION TO $1.48 BILLION
    * FY 2019 CAPITAL EXPENDITURES ARE EXPECTED TO BE $120
MILLION TO
$130 MILLION
    * IN FY 2019, CO EXPECTS TO CLOSE 10 TO 15 BURGER KING®
RESTAURANTS, OF WHICH SIX HAVE ALREADY CLOSED DURING Q1 2019
    * FY2019 EARNINGS PER SHARE VIEW $0.28, REVENUE VIEW $1.37
BILLION
-- REFINITIV IBES DATA
    * Q1 EARNINGS PER SHARE VIEW $-0.16, REVENUE VIEW $292.3
MILLION
-- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw5zNnVga 
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 (Reuters.Briefs@thomsonreuters.com)