Brief: Carrols Restaurant Group Sees 2020 Total Restaurant Sales Of $1.64 Bln-$1.69 Bln

Carrols Restaurant

25/02/2020 12:16

Feb 25 (Reuters) - Carrols Restaurant Group
    * EXPECTS TOTAL RESTAURANT SALES OF $1.64 BILLION TO $1.69
BILLION
IN 2020
    * ADJUSTED EBITDA IS EXPECTED TO BE $100 MILLION TO $110
MILLION
IN 2020
    * COMPARABLE RESTAURANT SALES GROWTH FOR BURGER KING
RESTAURANTS
OWNED FOR MORE THAN 12 MONTHS AS OF DEC 29, 2019 IS EXPECTED TO
BE 2% TO 3% IN 2020
    * GROSS CAPITAL EXPENDITURES ARE EXPECTED TO BE $70 MILLION
TO $75
MILLION IN 2020
    * EXPECTS TO GENERATE UP TO $25 MILLION IN FREE CASH FLOW
THIS
YEAR ASSUMING NEUTRAL WORKING CAPITAL CHANGES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBw6RCjpca
    
 Further company coverage: [] 
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))