Fiesta Restaurant Group 2Q profit climbs 26.7%

Fiesta Restaurant Group 2Q profit climbs 26.7%

Company singles out Pollo Tropical as its “primary expansion vehicle”

Fiesta Restaurant Group Inc. reported Thursday that net income increased 26.7 percent during its June 30-ended second quarter. The Addison, Texas-based parent to the 134-unit Pollo Tropical chain and 164-unit Taco Cabana chain said it considered Pollo Tropical its “primary expansion vehicle,” with plans for 12 of this year’s 18 new company-owned restaurants to be under that brand.
 

NET INCOME

Result: $5 million, 21 cents per share
% Increase: 26.7% (from $3.9 million, or 17 cents per share)

REVENUE

Result: $140.9 million
% Increase: 9.4% (from $128.8 million)

SAME-STORE SALES

% Increase at Pollo Tropical: 6.4%


% Increase at Taco Cabana: 1.1%


font-size: 12px; font-style: italic;"> Source: Company report



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Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

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