Carrols Restaurant Group Inc   (TAST)
Other Ticker:  
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
Price: $9.4600 $-0.01 -0.106%
Day's High: $9.525 Week Perf: 0.11 %
Day's Low: $ 9.46 30 Day Perf: 0.64 %
Volume (M): 585 52 Wk High: $ 9.54
Volume (M$): $ 5,530 52 Wk Avg: $6.10
Open: $9.49 52 Wk Low: $1.96

 Market Capitalization (Millions $) 594
 Shares Outstanding (Millions) 63
 Employees 1
 Revenues (TTM) (Millions $) 1,851
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) 70
 Capital Exp. (TTM) (Millions $) 82

Carrols Restaurant Group Inc
Carrols Restaurant Group Inc. is the largest Burger King franchisee in the world and one of the largest restaurant companies in the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.

The company operates more than 1,000 Burger King restaurants in 23 states in the United States. Carrols Restaurant Group Inc. also operates several small regional restaurant chains, including Pollo Tropical and Taco Cabana. These brands have a strong presence in the Southern and Western parts of the United States. Additionally, Carrols Restaurant Group Inc. operates BOA Steakhouse in Los Angeles and New York City.

Carrols Restaurant Group Inc. has a workforce of more than 27,000 employees spread across its restaurant chains. The company's mission is to be the "preferred operator of excellent, quick-service restaurants that consistently exceed customer expectations and generate superior returns."

The company's financial performance is quite impressive. The company reported revenues of $1.6 billion in 2020 and has consistently grown its revenues over the past decade. Carrols Restaurant Group Inc.'s net income in 2020 was $9.6 million.

Carrols Restaurant Group Inc. has a strong commitment to sustainability and corporate social responsibility. The company has implemented several initiatives to reduce energy consumption, water usage, and waste production in its restaurants. The company also supports local communities through charitable donations and sponsorships.

In conclusion, Carrols Restaurant Group Inc. is a leading restaurant company with a strong presence in the United States quick-service restaurant industry. The company's commitment to high-quality food, excellent service, and sustainable business practices has helped it maintain its competitive edge in the market.

   Company Address: 968 James Street Syracuse, 13203 NY
   Company Phone Number: 424-0513   Stock Exchange / Ticker: NASDAQ TAST
   TAST is expected to report next financial results on March 08, 2024.


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Carrols Restaurant Group Inc

Carrols Restaurant Group Inc. Reports Robust Revenue Growth in the Third Quarter of 2023

Carrols Restaurant Group Inc, the largest BURGER KING franchisee in the United States, has reported a revenue rise of 7.163% year on year to $475.76 million during the fiscal time-frame of August to October 01, 2023. This increase in revenue has helped the company achieve profitability again, posting earnings per share of $0.20. However, when compared to its industry peers, it falls short, as other Restaurants industries have seen a top-line rise of 9.31% relative to the third quarter of 2022.
In contrast to the previous quarter, Carrols Restaurant Group Inc experienced a decrease in revenue by -1.95% from $485.22 million, and profits fell by -13.04% from $0.23 per share. Despite these declines, the company managed to record a bottom-line of $12.618 million in the August to October 01, 2023 fiscal time-frame, showing an improvement from a net loss of $-8.697 million in the same quarter a year ago. This positive performance is attributed to the company's efforts in improving profit margins, with net margin rising to 2.65% and operating margin edging up to 4.93%.

Carrols Restaurant Group Inc

Carrols Restaurant Group Inc Makes a Turnaround with Positive Earnings and Increased Revenue

Carrols Restaurant Group Inc, a leading operator of Burger King franchises, recently announced their financial results for the 12-month period ending in the first quarter of 2023. The report reveals that the company recorded a cumulative net loss of $-53 million, resulting in a negative return on equity (ROE) of -33.1%. This news comes as a disappointment for shareholders, as Carrols Restaurant Group Inc ranked at the bottom of the quality spectrum within the restaurants industry in terms of ROE, with 35 other companies reporting higher returns.
Despite this poor performance, there is a glimmer of hope, as Carrols Restaurant Group Inc was able to turn around their fortunes in the most recent fiscal period. They reported positive earnings-per-share (EPS) of $0.01, compared to a loss of $-0.33 in the previous year. This has led to an improvement in income per share, which turned positive from $-0.37 per share in the previous reporting season. Revenue also increased by 6.976% from $416.13 million to $445.16 million year-over-year, and sequentially revenue increased slightly by 0.023%.


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