Categories Consumer, Earnings

Del Taco Restaurants (TACO) Q4 2019 Earnings Snapshot

— Del Taco Restaurants (NASDAQ: TACO) reported Q4 2019 adjusted earnings of $0.18 per share vs. $0.17 per share expected.

— Revenue edged down 0.1% to $157.1 million vs. $157.32 million expected.

— System-wide comparable restaurant sales increased 0.4%.

— During Q4, Del Taco had 13 system-wide openings, including 7 company-operated and 6 franchised restaurants, as well as one company-operated and two franchise closures. 

— For fiscal 2020, Del Taco expects adjusted EPS to be between $0.35 and $0.40.

— Company-operated restaurant sales pegged in the range of $459 million to $469 million and system-wide comparable restaurant sales growth eyed at low single digits for FY20.

— FY20 revenue is targeted to be between $503 million and $513 million.

— TACO stock plunged to a new 52-week low ($4.67) during today’s regular trading session and ended down 10.4% at $4.74.

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Also Read:  American Eagle Outfitters Inc. (AEO) Q2 2020 Earnings Call Transcript

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