Rises as Burger King comparable sales turn positive

Carrols Restaurant

15/06/2020 18:02

** Burger King franchisee's shares  TAST.O  rise as much as
4.4% to $4.99
    ** TAST says preliminary comparable sales turned positive at
its Burger King restaurants for the week ended June 7, after
declining for at least 11 weeks
    ** In virtually every period, we have outperformed the
bigger Burger King restaurant performance - CFO Anthony Hull at
shareholders meeting
    ** Preliminary comparable restaurant sales at Popeyes rise
14.6% for the same week  urn:newsml:reuters.com:*:nFWN2DS0NE
    ** TAST sees Q2 adj EBITDA to rise to $28 mln-$32 mln from
$23.8 mln a year earlier, helped by lower labor costs
    ** However, TAST expects Q2 restaurant sales to be $355
mln-$365 mln, well below Street est of $366.6 mln, according to
three analysts polled by Refinitiv
    ** Including session's move, stock lost one-third of its
value this year

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@thomsonreuters.com; within U.S. +1 646
223 8780 (Extn. 3478), outside U.S. +91  80 6182 3478;))