Fiesta Restaurant Group, Inc. Reports First Quarter 2017 Results

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Go back to Fiesta Restaurant Group, Inc. Reports First Quarter 2017 Results

Fiesta Restaurant (FRGI) Misses Q1 EPS by 4c

May 8, 2017 4:28 PM EDT

Fiesta Restaurant (NASDAQ: FRGI) reported Q1 EPS of $0.25, $0.04 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $175.6 million versus the consensus estimate of $178.12 million.

Total revenues decreased 0.6% to $175.6 million;Comparable restaurant sales at Pollo Tropical decreased 6.7% and comparable restaurant transactions decreased 8.9%. Sales cannibalization negatively impacted comparable restaurant transactions by approximately 0.7%;Comparable restaurant... More