- Del Frisco's Restaurant (NASDAQ:DFRG) reports total comparable restaurant sales fell 1.9% in Q3, consisting of a 5.5% decrease in customer counts.
- Comp declined 2.4% at Del Frisco's Double Eagle Steak House, 7% at bartaco and 0.4% at Del Friscos Grille.
- Comp grew 2.5% at Barcelona.
- Del Frisco's Double Eagle Steak House revenue rose 9.7% to $38.11M.
- Del Frisco's Grille revenues advanced 5.6% to $27.32M.
- Restaurant-level EBITDA margin increased 210 bps to 17.7%.
- G&A expense rate +80 bps to 11.2%.
- The company completed the sale of Sullivan’s Steakhouse for total proceeds of $32M.
- FY2018 Guidance: Comparable restaurant sales: -1.5% to +0.5%; Restaurant-level EBITDA margin: 19.5% to 20.5%; G&A: ~$39M to $42M; Gross capex: $75M to $80M; Adjusted EBITDA: $34M to $38M.
- Previously: Del Frisco's Restaurant EPS of -$1.49 (Nov. 11)
Del Frisco's updates FY2018 guidance to reflect sale of Sullivan’s Steakhouse
Recommended For You
More Trending News
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
DFRG | - | - |
Del Frisco's Restaurant Group, Inc. |