Brief: Fiesta Restaurant Group, Says Pollo Tropical, Taco Cabana Adjusted EBITDA Margins For Q3 Expected To Be Above Same Period Last Year

Fiesta Restaurant

06/10/2020 01:38

Oct 5 (Reuters) - Fiesta Restaurant Group Inc  FRGI.O :
    * FIESTA RESTAURANT GROUP, INC. REPORTS THIRD QUARTER 2020
COMPARABLE RESTAURANT SALES
    * POLLO TROPICAL AND TACO CABANA ADJUSTED EBITDA MARGINS FOR
Q3
EXPECTED TO BE ABOVE SAME PERIOD LAST YEAR
    * TOTAL DEBT REDUCED FROM $56 MILLION ON JULY 31 TO $42
MILLION ON
SEPTEMBER 27
    * POLLO TROPICAL'S COMP SALES ACCELERATION WAS MOST
SIGNIFICANT,
IMPROVING FROM -31.6% IN Q2 TO -11.1% IN Q3
    * TACO CABANA'S COMP SALES INCREASED 500 BASIS POINTS FROM
Q2 TO
-14.2% IN THIRD QUARTER

Source text for Eikon:  ID:nBw5RfFzha 
Further company coverage:  FRGI.O 

 ((Reuters.Briefs@thomsonreuters.com;))