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Both Brands Generated Positive Adjusted EBITDA during Quarter Company Generated Net Cash Provided by Operations of $24.5 Million during Quarter Sequential Improvement in Comparable Restaurant Sales Trend Extended through July Fiesta Restaurant Group, Inc. ("Fiesta" or the "Co...
There have been few sectors more profoundly reshaped than food service over the past few months as COVID-19 has drastically reoriented consumer behavior. Grocery spending surged over 25% in March on initial stay at home orders, and have remained elevated since. The rules are being made up ...
Restaurant stocks are higher as the sector continues to react to vaccine developments. Earlier today, the U.S. agreed to pay Pfizer and BioNTech SE $1.95B to secure 100M doses of their experimental COVID-19 vaccines. More news on: Potbelly Corporation, Fiesta Restaurant Group, Inc., No...
Fiesta Restaurant Group (NASDAQ: FRGI ) reports comparable restaurant sales for Q2 were -31.6% at its Pollo Tropical chain and -19.2% at the Taco Cabana chain. For the first two weeks in July, Pollo Tropical saw comparable sales fall 12.2% and Taco Cabana posted a 13.4% decline. Mor...
Significant Sequential Improvement in Comparable Restaurant Sales Trend Extended Through the First Two Weeks of July Cash Balance Increases $26.5 Million during the Second Quarter 2020 to $101.6 Million Completes Amendment to Revolving Credit Facility Fiesta Restaurant Group, Inc. ...
47 out of the 52 publicly-traded restaurants stocks are in negative territory today after Starbucks ( SBUX -4.5% ) highlighted its $3.2B coronavirus hit to sales this quarter and with general wariness over a second wave of COVID-19 as hospitalizations in some key U.S. states increase. Mo...
Industries hardest hit by the lockdown have the most potential for recovery. Some still face significant unknowns about their future. Investors looking for signs of life in foodservice have been getting clear positive indications. Demand for dining out is returning, and there has been rene...
SAN ANTONIO , May 26, 2020 /PRNewswire/ -- Taco Cabana is offering kids a free lunch – including a bean and cheese taco, chips and queso and a drink – at all Texas locations through the end of summer. The program is available to kids 12 and under, every weekday from ...
Fiesta Restaurant Group (NASDAQ: FRGI ) says it created the Taco Cabana Pantry concept for guests looking for convenient and affordable Memorial Day celebration options. More news on: Fiesta Restaurant Group, Inc., Consumer stocks news, Read more ...
SAN ANTONIO , May 20, 2020 /PRNewswire/ -- Taco Cabana is offering many of its fresh Tex-Mex ingredients for purchase from the newly created Taco Cabana Pantry for guests looking for convenient and affordable ways to add some sizzle and spice to their Memorial Day celebrations. Th...
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Authentic Restaurant Brands (“ARB”), a portfolio company of Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm, today announced the completion of its previously announced acquisition of Fiesta Restaurant...