Why Fiesta Restaurant Group Inc. Stock Surged Today [The Motley Fool]
Fiesta Restaurant Group, Inc. (FRGI)
Last fiesta restaurant group, inc. earnings: 2/26 04:05 pm
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Source: The Motley Fool
Shares of the fast-casual restaurant operator were moving higher on a strong earnings report. Jeremy Bowman ( TMFHobo ) May 8, 2018 at 12:54PM What happened Shares of Fiesta Restaurant Group Inc. ( NASDAQ:FRGI ) were moving higher today after the parent of fast-casual chains Pollo Tropical and Taco Cabana posted better-than-expected results in its first-quarter earnings report. Margins improved at Pollo Tropical, and comparable sales increased at both chains in April after the quarter ended. As a result, the stock was up 10.8% as of 12:16. p.m. EDT. Image source: Pollo Tropical. So what The Fiesta Group said same-stores sales increased 1.1% at Pollo Tropical, but fell 1.7% at Taco Cabana in the period. Still, that was a considerable improvement from the year before. Due to the declines at Taco Cabana and the closing of unprofitable re
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