TAST News and Press, Carrols Restaurant Group Inc. From 01/03/23

Anthony E. Hull Appointed Interim President and CEO Joseph Hoffman Appointed Chief Restaurant Officer SYRACUSE, N.Y., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced the passin...

Summary Carrols Restaurant which is the largest franchisee of Burger King in the US has seen its stock price fall 75% in the past 18 months. The company has been hit hard by inflation which has led expense growth to outpace revenue causing EBITDA to plummet. To make matters worse, t...

Summary Despite stock market turmoil in 2022, Restaurant Brands shares have increased nearly 12% year-to-date. While inflation has negatively impacted franchisees, as a franchisor, Restaurant Brands has thus far been insulated from rising costs. However, continued pressure on franch...

Summary Carrols Restaurant has been under pressure amid high costs impacting earnings. Solid trends in comparable restaurant sales support a more positive outlook with an expectation for improving margins in 2023. We believe the company has room for a financial turnaround as a bulli...

Carrols Restaurant Group, Inc. (TAST) Q3 2022 Results Conference Call November 9, 2022 08:30 AM ET Company Participants Gretta Miles - Controller Paulo Pena - CEO, President & Director Tony Hull - VP, CFO & Treasurer Conference Call Participants ...

Carrols Restaurant press release ( NASDAQ: TAST ): Q3 GAAP EPS of -$0.17 beats by $0.03 . Revenue of $443.96M (+5.3% Y/Y) beats by $4.2M . Shares +3.43% PM. For further details see: Carrols Restaurant GAAP EPS of -$0.17 beats by $0.03, revenue of ...

SYRACUSE, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the third quarter ended October&#...

Carrols Restaurant ( NASDAQ: TAST ) is scheduled to announce Q3 earnings results on Wednesday, November 9th, before market open. The consensus EPS Estimate is -$0.20 (-25.0% Y/Y) and the consensus Revenue Estimate is $439.76M (+4.3% Y/Y). Over the last 2 years, TAST ...

SYRACUSE, N.Y., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Paulo A. Pena, President and Chief Executive Officer,...

Summary Carrols Restaurant Group is down 80% from its 2021 highs, with the recent leg down attributed to a sharp decline in profitability in Q2. However, it's possible that Q2 marked the trough for margins if beef costs continue declining, and while traffic is down in the industry...