Entering text into the input field will update the search result below

Carrols Restaurant Non-GAAP EPS of $0.00 beats by $0.26, revenue of $445.2M beats by $21.77M

May 11, 2023 7:07 AM ETCarrols Restaurant Group, Inc. (TAST)By: Meghavi Singh, SA News Editor4 Comments
  • 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.

Recommended For You

Comments (4)

Have a tip? Submit confidentially to our News team. Found a factual error? Report here.

Racer-X profile picture
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 THCH

Total 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)


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...
Racer-X profile picture
Thank you for your corroboration today:

Stephens remains bullish on Carrols Restaurant, raises price target to $6

Read more at:

Don't everybody speak up at once!

There is only one Yahooligan praising the Whopper today. Mr. Sup:


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.
Racer-X profile picture
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!
Racer-X profile picture
Good Press for Burger King on this release:


"Has Burger King turned a corner? It sure appears that way, judging by the performance of the chain’s largest franchisee, Carrols Restaurant Group."

About TAST

SymbolLast Price% Chg
Market Cap
Yield (TTM)
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
Carrols Restaurant Group, Inc.
Denny's Corporation
El Pollo Loco Holdings, Inc.
Potbelly Corporation
RCI Hospitality Holdings, Inc.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.