Categories Earnings, Retail

Del Taco Restaurants (TACO): Q3 2019 Earnings Snapshot

— Del Taco Restaurants, Inc. (NASDAQ: TACO) reported Q3 2019 earnings of $0.10 per share, vs. $0.14 per share expected.

— Revenues grew 2% to $120.2 million, vs. $119.2 million expected.

— System-wide comparable restaurant sales increased 1%.

— Company-operated restaurant sales rose 1.4% to $111.1 million.

— There were two company-operated restaurant openings, two franchised restaurant openings, and one company-operated restaurant closure.

— For FY19, total revenue is expected to be $512 million to $515 million.  

— FY19 adjusted EPS is expected to be approx. $0.44-0.47.

— FY19 system-wide comparable restaurant sales growth is expected to be approx. 1%.

— Shares fell 9% following the announcement.

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