- Del Taco released its Q2 results last month, reporting a sharp increase in revenue year-over-year, and a single-digit increase in revenue on a two-year basis.
- The company has an exciting year ahead, planning two new launches and 13 new store openings, and is also planning the launch of its Del Yeah loyalty program this fall.
- While margin pressures and staffing are a concern for the industry, Del Taco is managing relatively well considering the headwinds, though we should see some margin compression in H2.
- With a better outlook for unit growth beginning in 2022 and 2023, and a more reasonable valuation following the recent correction, Del Taco would become attractive if it dips further to strong support near $7.35.
For further details see:
Del Taco: Pulling Back To Key Support After Solid Q2