Del Frisco’s Restaurant Group, Inc. Reports First Quarter 2019 Results
DEL FRISCOS RESTAURANT (DFRG)
Last del friscos restaurant earnings: 8/6 07:00 am
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Source: GlobeNewswire
IRVING, Texas, May 07, 2019 (GLOBE NEWSWIRE) -- Del Frisco’s Restaurant Group, Inc. (“Del Frisco’s”) (NASDAQ: DFRG) today reported financial results for the first quarter ended March 26, 2019. We also reiterated guidance for the fiscal year 2019, which is a 53-week period ending on December 31, 2019. Given the sale of Sullivan’s Steakhouse during fiscal 2018, operating results for Sullivan’s Steakhouse are included in discontinued operations for the 13 weeks ended March 27, 2018. Numbers below for the 13 weeks ended March 27, 2018, are therefore for continuing operations unless otherwise stated. Key Highlights from the 13-Week First Quarter 2019 Compared to the 13-Week First Quarter 2018 Include: Consolidated revenues increased 64.1% to $120.4 million from $73.3 million due primarily to $17.4 million in contributions from Barcelona Wine Bar and $20.6 million in contributions from bartaco.Total comparable restaurant sales increased 1.3%.GAAP net loss of $18.3 million, or $0.
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