Brief: Carrols Restaurant Group Reports Q4 Adj EPS Of $0.05

Carrols Restaurant

27/02/2019 12:09

Feb 27 (Reuters) - Carrols Restaurant Group Inc  TAST.O :
    * CARROLS RESTAURANT GROUP, INC. REPORTS FINANCIAL RESULTS
FOR THE
FOURTH QUARTER AND FULL YEAR 2018
    * Q4 ADJUSTED EARNINGS PER SHARE $0.05
    * Q4 EARNINGS PER SHARE $0.04
    * Q4 SALES $307.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$305.9
MILLION
    * Q4 EARNINGS PER SHARE ESTIMATE $0.10 -- REFINITIV IBES
DATA
    * CARROLS RESTAURANT GROUP - TOTAL RESTAURANT SALES EXPECTED
TO BE
$1.25 BILLION TO $1.28 BILLION WITH COMP RESTAURANT SALES GROWTH
OF 2.0% TO 3.5% FOR 2019
    * COMMODITY COSTS ARE EXPECTED TO INCREASE APPROXIMATELY 1%
TO 2%
INCLUDING A 2% TO 3% INCREASE IN BEEF COSTS IN FY 2019
    * ADJUSTED EBITDA IS EXPECTED TO BE $100 MILLION TO $110
MILLION
FOR FY 2019
    * COMPANY EXPECTS TO CLOSE 10 TO 15 RESTAURANTS IN FY 2019
    * CAPITAL EXPENDITURES ARE EXPECTED TO BE $75 MILLION TO $95
MILLION FOR FY 2019

Source text for Eikon:  ID:nBw2Vlhqta 
Further company coverage:  TAST.O 

 (Reuters.Briefs@thomsonreuters.com)