Carrols Restaurant Non-GAAP EPS of $0.00 beats by $0.26, revenue of $445.2M beats by $21.77M
- Carrols Restaurant press release (NASDAQ:TAST): Q1 Non-GAAP EPS of $0.00 beats by $0.26.
- Revenue of $445.2M (+11.4% Y/Y) beats by $21.77M.
- Comparable restaurant sales for the Company's Burger King® restaurants increased 11.7%.
- Comparable restaurant sales for the Company’s Popeyes® restaurants increased 9.5%.
- Adjusted EBITDA(1) totaled $30.7 million compared to $4.3 million in the prior year quarter.
- Adjusted Restaurant-Level EBITDA totaled $54.5 million compared to $22.5 million in the prior year quarter.
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Comments (4)
So far, my RBI Tri-Fecta is working out to theory. Faster than anticipated, as noted and time-stamped here:----------------------February 23, 2023 9:03:06 PM-------------------------1,300 shares long of QSR and 15,200 shares long TAST, and 2,000 shares long THCHTotal investment as of this time stamp of 2-23-23 is approximately $111,000 at a current market valuation of $125,443 ($85,423 QSR + $29,640 TAST + $10,380 THCH)investorshub.advfn.com/...5. TAST is a *booster* to turbo-charge this already great investment in my opinion.
Burger King's largest franchisee, which always outperforms US comps as a whole is Carrols (TAST), so they should be a beneficiary from QSR's renewed focus in rejuvenating the brand. From a contrarian perspective, it will inflate the returns on QSR dramatically when the two are tied together in a portfolio like this one with significant weight. Since TAST's units are over 90% BK units, which are the one sore spot for QSR domestically speaking, an improvement in gross margins there would be dramatic. So, the alignment of interests are there to turn this around, and both have good management.-------------------------------------------------------------------------------UPDATE: That total investment of $111,000 is now worth $158,000 as of May 13, 2023 -- 3 months later. And counting...
Burger King's largest franchisee, which always outperforms US comps as a whole is Carrols (TAST), so they should be a beneficiary from QSR's renewed focus in rejuvenating the brand. From a contrarian perspective, it will inflate the returns on QSR dramatically when the two are tied together in a portfolio like this one with significant weight. Since TAST's units are over 90% BK units, which are the one sore spot for QSR domestically speaking, an improvement in gross margins there would be dramatic. So, the alignment of interests are there to turn this around, and both have good management.-------------------------------------------------------------------------------UPDATE: That total investment of $111,000 is now worth $158,000 as of May 13, 2023 -- 3 months later. And counting...
Thank you for your corroboration today:Stephens remains bullish on Carrols Restaurant, raises price target to $6Read more at:
thefly.com/...Don't everybody speak up at once!There is only one Yahooligan praising the Whopper today. Mr. Sup:finance.yahoo.com/...I'm glad somebody's paying attention around here. Kudos to you, Mr. Sup!We have a MEME jingle on the Whopper. We should have a MEME stock. But, their loss. That's what happens when you daydream. You miss the boat.
thefly.com/...Don't everybody speak up at once!There is only one Yahooligan praising the Whopper today. Mr. Sup:finance.yahoo.com/...I'm glad somebody's paying attention around here. Kudos to you, Mr. Sup!We have a MEME jingle on the Whopper. We should have a MEME stock. But, their loss. That's what happens when you daydream. You miss the boat.
That's a Whopper of a beat! 4-Wall EBITDA blowing the doors off the building too! :) It's good to be the King! Or in this case, as top BK operator, the King of Kings!
Good Press for Burger King on this release:www.restaurantbusinessonline.com/..."Has Burger King turned a corner? It sure appears that way, judging by the performance of the chain’s largest franchisee, Carrols Restaurant Group."