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Carrols 1Q profit rises on lower beef costs

Burger King franchisee plans more acquisitions this year

Lower beef costs were a boon for Carrols Restaurant Group Inc. in the first quarter.

The big Burger King franchisee reported strong earnings growth in the quarter ended April 3, as beef costs declined 23 percent and same-store sales rose 5.7 percent.

Restaurant-level cash flow margin increased 400 basis points, to 13.8 percent of revenue, in the period, executives said during an earnings call Tuesday.

[CHARTBEAT:3]

“We had a good start to the year

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