TAST - Investors In These 2 Stocks Should Heed a Warning from Burger King Franchisee's Results
On Jan. 13, Carrols Restaurant Group (NASDAQ: TAST), the largest franchisee of Burger King, reported preliminary fourth quarter 2019 results. Not all financial results were given, but it did report full-year 2019 revenue and comparable sales, both of which were in line with full-year guidance given in the third quarter 2019 earnings call.
However, despite hitting guidance, the stock sold off slightly as investors digested weak comp-sales from Burger King. In Q3, Burger King comp-sales were stellar -- rising 5% year over year. And if not for an operator error, comp-sales would have risen over 7%, in large part thanks to the launch of the Impossible Whopper. However, in Q4, comp-sales rose a paltry 2%.
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