Del Frisco’s Restaurant Group Inc., the Southlake, Texas-based steakhouse operator, delivered mixed results in the Sept. 3-ended third quarter. The company significantly narrowed its net loss to $400,000 as its upscale Del Frisco’s Double Eagle steakhouse increased traffic and sales, but traffic and same-store sales at its Sullivan’s Steakhouse brand fell more than 5 percent. Del Frisco’s will attempt to turn around flagging sales at the casual-dining Sullivan’s chain by marketing its fixed-price menu on cable TV, bolstering its digital presence and remodeling older restaurants.
NET LOSS
Result: $0.4 million, or (2 cents) per share% Increase: 83.3% (from $2.4 million net loss, or 12 cents per share)
REVENUE
Result: $54.2 million% Increase: 13.2% (from $47.9 million)
SAME-STORE SALES
% Increase at Del Frisco's Double Eagle: 4.4%
% Decrease at Sullivan's Steakhosue: 5.9%
Source: Company report
RELATED:
• Del Frisco’s 2Q profit rises 22%
• Del Frisco’s stock volatile after secondary offering
• Same-store sales at NRN.com
Contact Mark Brandau at [email protected].
Follow him on Twitter: @Mark_from_NRN