Comparing the current results to its competitors, Carrols Restaurant Group Inc reported Revenue increase in the 1 quarter 2024 by 1.58 % year on year. The revenue growth was below Carrols Restaurant Group Inc 's competitors' average revenue growth of 2.72 %, achieved in the same quarter.
Carrols Restaurant Group Inc Net Income in the 1 quarter 2024 grew year on year by 324.07%, while most of its competitors have experienced a contraction in net income by -6.91 %.
Carrols Restaurant Group Inc 's Comment on Competition and Industry Peers
The company operates as a franchisee of the Burger King and Popeyes brands, utilizing Restaurant Brands International's (RBI) marketing, advertising, and product development resources. The restaurant industry is highly competitive, with competition from national and regional chains, locally owned restaurants, and non-restaurant operators such as convenience stores and supermarkets. Competitors employ strategies including price discounting, frequent promotions, and value menus. Key competitive factors include product quality and taste, brand recognition, location convenience, speed of service, menu variety, price, and ambiance. The company's primary competitors for Burger King restaurants are McDonald's and Wendy's, while for Popeyes restaurants, the main competitors are KFC and Chick-fil-A.
Publicly Traded Peers of Carrols Restaurant Group Inc
Bloomin Brands Inc Share Performance
-9.97%
Over The Past 5 Days
Bloomin Brands Inc
Profile
Bloomin Brands Inc operates as a restaurant holding company that owns and operates casual dining restaurants. Its business model focuses on acquiring and managing a portfolio of recognized brands, such as Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill, and Fleming's Prime Steakhouse & Wine Bar, to deliver high-quality dining experiences and generate revenue through customer visits and food sales. The company also franchises its brands to expand its market reach and increase profitability.
Cracker Barrel Old Country Store inc Share Performance
+108.90%
This Year
Cracker Barrel Old Country Store inc
Profile
Cracker Barrel Old Country Store Inc operates a retail and restaurant chain that combines dining and shopping in a rustic, Southern-themed environment.
Darden Restaurants Inc operates as a casual dining restaurant company with a diverse portfolio of popular brands, aiming to provide quality food and an inviting atmosphere for customers.
Restaurant Brands International Inc Share Performance
-4.52%
Over The Past 5 Days
Restaurant Brands International Inc
Profile
Restaurant Brands International Inc is a multinational fast food holding company that operates three well-known brands: Burger King, Tim Hortons, and Popeyes. The company's business model revolves around franchising these popular brands and expanding their presence globally while focusing on cost savings and operational efficiency. It generates revenue through franchise fees, royalties, and sales from both company-owned and franchised locations.
Yum Brands Inc operates as a franchisor and licensor of quick-service restaurants (QSRs) globally. The company earns revenue by granting franchise rights and receiving royalties and fees from its franchisees, who operate restaurants under brands like KFC, Pizza Hut, and Taco Bell.
Sources:
Carrols Restaurant Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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