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Stock impact report

Carrols Restaurant Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2020

Carrols Restaurant Group, Inc. (TAST) 
Last carrols restaurant group, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.carrols.com/investor-relations
Company Research Source: GlobeNewswire
SYRACUSE, N.Y., March 03, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today reported financial results for the fourth quarter and full year ended January 3, 2021. Highlights for the 14-Week Fourth Quarter of 2020 versus the 13-Week Fourth Quarter of 2019 Total restaurant sales increased 5.8% to $420.5 million compared to $397.6 million in the prior year quarter, with $28.4 million in restaurant sales during the 14th week of the fourth quarter of 2020;Comparable restaurant sales for the Company's Burger King® restaurants decreased 0.9%;Comparable restaurant sales for the Company’s Popeyes® restaurants decreased 12.9%;Adjusted EBITDA(1) increased to $31.8 million from $22.8 million in the prior year quarter, with an estimated $5.3 million contribution from the 14th week of the fourth quarter of 2020;Adjusted Restaurant-Level EBITDA(1) increased to $51.9 million from $42.9 million in the prior year quarter, with an estimated Show less Read more
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