- Del Taco Restaurants released its Q3 results earlier this year, reporting revenue of $124.3 million, a 3% increase from the year-ago period.
- This was despite lapping its Crispy Chicken launch last year and staffing-related headwinds in some hotspots.
- Unfortunately, we did see some margin pressure, with restaurant contribution margins down on a one-year, two-year, and three-year basis to 16.5%.
- At a share price of $8.50, Del Taco trades at a reasonable valuation of 15x FY2022 earnings, but I see better opportunities elsewhere in the market currently.
For further details see:
Del Taco: Margins Remain Under Pressure In Q3