When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TAST - Why Carrols Restaurant Stock Hit New Highs Today
Carrols Restaurant Group Inc.
2023-08-10 12:48:26 ET
Shares of Carrols Restaurant Group (NASDAQ: TAST) , the largest Burger King franchisee in the U.S., were up 15% as of 11:47 a.m. ET on Thursday after a better-than-expected earnings report for the second quarter.
Improving revenue and profitability have pushed the stock up 425% year to date, following its slide over the last few years.
Carrols reported one of its best quarters in its history. Revenue hit a quarterly record of $485 million, with comparable-restaurant (comps) sales growth of 10.5%.