Carrols Restaurant Group

Carrols Restaurant Group, Inc. engages in the operation of restaurants under the Burger King and Popeyes brands. It serves flame-broiled whopper sandwich, hamburgers, chicken and other specialty sandwiches, fries, salads, breakfast items, smoothies, frappes, and other snacks. The company was founded in 1960 and is headquartered in Syracuse, NY.

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Carrols Restaurant Group posts strong Q4 results and eyes growth

Carrols Restaurant Group delivered a robust performance in Q4 2022, marked by strong financial results, operational enhancements, and strategic initiatives driving growth and profitability.
While facing challenges such as inflation moderation and pricing consistency, the company's focus on efficiency, brand building, and prudent decision-making positions it well for future success and sustainable value creation.
With a clear emphasis on organic growth, operational excellence, and franchisee support, Carrols is poised to capitalize on opportunities for expansion, innovation, and market leadership in the dynamic restaurant landscape.

Carrols Restaurant Group excels in Q1, eyes growth opportunities

Carrols Restaurant Group's Q1 performance reflects strong sales growth, improved profitability, and effective cost management strategies.
While challenges persist in the competitive landscape and operational efficiency, the company is well-positioned to capitalize on growth opportunities.
Optimism about business momentum, strategic initiatives, and financial discipline underpin Carrols Restaurant Group's outlook for the future.

Carrols Restaurant Group achieves record Q2 performance and focuses on sustainable growth

Carrols Restaurant Group's Q2 2023 performance reflects robust financial results, operational improvements, and strategic initiatives aimed at driving growth. Despite anticipated margin moderation, the company's focus on balance sheet strength, organic growth, and customer-centric strategies bodes well for its long-term prospects.

Carrols Restaurant Group reports strong Q3 performance and strategic growth plans

Carrols Restaurant Group's Q3 2023 performance showcased robust sales growth, margin expansion, and improved profitability. The company's strategic focus on operational efficiencies, digital initiatives, and restaurant modernization positions it well for future growth. While facing challenges in a competitive market, Carrols Restaurant Group's strong financial position and dividend declaration underscore its resilience and commitment to shareholder value.

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SYRACUSE, N.Y., April 13, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) announced today that its Board of Directors has appointed Deborah M. Derby as the Company's new President and Chief Executive Officer, effective May 1, 2023. Ms. Derby will succeed Paulo A. Pena, the Company's former President and CEO who passed away unexpectedly on December 31, 2022, and Anthony Hull, the Company's Interim President and Chief Executive Officer, who will continue to serve as the Company's Vice President, Chief Financial Officer and Treasurer. Ms. Derby, who has served as an independent member of the Company's Board of Directors since June 2018, will continue to serve as a director of the Company.

Carrols Restaurant Group, Inc. Appoints Deborah M. Derby as Chief Executive Officer

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TAST reported its Q4 earnings which beat expectations. Shares have rallied in recent months based on an improving financial outlook while we see more upside ahead.

Carrols Restaurant Group: Financial Turnaround Just Getting Started

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Carrols Restaurant Group, Inc. (NASDAQ:TAST ) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Jeremy Watchus – Senior Director-Finance Tony Hull – Interim President and Chief Executive Officer Gretta Miles – Controller and Assistant Treasurer Joe Hoffman – Chief Restaurant Officer Conference Call Participants Jake Bartlett – Truist Securities Joshua Long – Stephens Inc Mary Gresla – Bank of America Fred Wightman – Wolfe Research Joseph Farricielli – Cantor Fitzgerald Operator Welcome to Carrols Restaurant Group, Inc.'s Fourth Quarter and Full Year 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carrols Restaurant Group, Inc. (TAST) Q4 2022 Earnings Call Transcript

Carrols Restaurant (TAST) delivered earnings and revenue surprises of 77.27% and 0.01%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Carrols Restaurant Group (TAST) Reports Q4 Loss, Misses Revenue Estimates

SYRACUSE, N.Y., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the fourth quarter and full year ended January 1, 2023.

Carrols Restaurant Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2022

SYRACUSE, N.Y., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Anthony E. Hull, Interim President and CEO, and Gretta Miles, Controller and Assistant Treasurer, will host a conference call to discuss the Company's fourth quarter and full year 2022 financial results on Tuesday, February 28, 2023 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the quarter and full year 2022 will be issued at 7:00 a.m. (ET) that same day.

Carrols Restaurant Group, Inc. to Announce Fourth Quarter and Full Year 2022 Financial Results on February 28, 2023

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Carrols Restaurant Group, Inc. Reports Preliminary Sales Results for the Fourth Quarter and Full Year 2022

Carrols Restaurant which is the largest franchisee of Burger King in the US has seen its stock price fall 75% in the past 18 months. The company has been hit hard by inflation which has led expense growth to outpace revenue causing EBITDA to plummet.

Carrols Restaurant: Not Inexpensive But Significant Upside Potential

Carrols Restaurant has been under pressure amid high costs impacting earnings. Solid trends in comparable restaurant sales support a more positive outlook with an expectation for improving margins in 2023.

Carrols Restaurant Group: Tasty Room For A Rebound In 2023

Carrols Restaurant Group, Inc. (NASDAQ:TAST ) Q3 2022 Results Conference Call November 9, 2022 8:30 AM ET Company Participants Gretta Miles - Controller Paulo Pena - CEO, President & Director Tony Hull - VP, CFO & Treasurer Conference Call Participants Jake Bartlett - Truist Securities Jeremy Hamblin - Craig-Hallum Group Mary Gresla - Bank of America Joseph Farricielli - Cantor Fitzgerald Operator Ladies and gentlemen, welcome to Carrols Restaurant Group, Inc., Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carrols Restaurant Group, Inc. (TAST) Q3 2022 Earnings Call Transcript

Carrols Restaurant (TAST) delivered earnings and revenue surprises of 26.32% and 0.61%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Carrols Restaurant Group (TAST) Reports Q3 Loss, Tops Revenue Estimates

SYRACUSE, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the third quarter ended October 2, 2022.

Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter 2022

Carrols Restaurant Group, Inc. (NASDAQ:TAST ) Q2 2022 Earnings Conference Call August 11, 2022 8:30 AM ET Company Participants Gretta Miles - Controller Paulo Pena - CEO, President & Director Anthony Hull - VP, CFO & Treasurer Conference Call Participants Jake Bartlett - Truist Securities Mary Gresla - Bank of America Frederick Wightman - Wolfe Research Jeremy Hamblin - Craig-Hallum Capital Group Operator Welcome to Carrols Restaurant Group, Inc.'s Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carrols Restaurant Group, Inc. (TAST) CEO Paulo Pena on Q2 2022 Results - Earnings Call Transcript

Carrols Restaurant (TAST) delivered earnings and revenue surprises of -500% and 0.85%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Carrols Restaurant Group (TAST) Reports Q2 Loss, Tops Revenue Estimates

SYRACUSE, N.Y., July 28, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Paulo A. Pena, President and Chief Executive Officer, and Anthony E. Hull, Chief Financial Officer, will host a conference call to discuss the Company's second quarter 2022 financial results on Thursday, August 11, 2022 at 8:30 a.m. (ET). A press release reporting the Company's financial results for the quarter will be issued at 7:00 a.m. (ET) that same day.

Carrols Restaurant Group, Inc. to Announce Second Quarter 2022 Financial Results on August 11, 2022

SYRACUSE, N.Y., June 22, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) announced today the appointment of Ahmad Filsoof as Vice President of Strategic Initiatives, a new position, to further the Company's strategic capabilities and commitment to business innovation. Mr. Filsoof comes to Carrols with over 15 years of experience in strategy development and planning, business and consumer insights, performance management, consulting, and technology.

Carrols Restaurant Group, Inc. Appoints Ahmad Filsoof as Vice President of Strategic Initiatives

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Carrols Restaurant Group, Inc. (NASDAQ:TAST ) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET Company Participants Gretta Miles - Controller Paulo Pena - CEO, President & Director Anthony Hull - VP, CFO & Treasurer Conference Call Participants Jack Corrigan - Truist Securities William Reuter - Bank of America Merrill Lynch Jeremy Hamblin - Craig-Hallum Oliver Grossman - Jefferies Carla Casella - JPMorgan Chase & Co. Operator Welcome to Carrols Restaurant Group, Inc.'s First Quarter 2022 Earnings Conference Call. [Operator Instructions].

Carrols Restaurant Group, Inc. (TAST) CEO Paulo Pena on Q1 2022 Results - Earnings Call Transcript

Carrols Restaurant (TAST) delivered earnings and revenue surprises of 5.56% and 0.39%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Carrols Restaurant Group (TAST) Reports Q1 Loss, Misses Revenue Estimates

SYRACUSE, N.Y., May 12, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 3, 2022.

Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2022

SYRACUSE, N.Y., April 28, 2022 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Paulo A. Pena, President and Chief Executive Officer, and Anthony E. Hull, Chief Financial Officer, will host a conference call to discuss the Company's first quarter 2022 financial results on Thursday, May 12, 2022 at 8:00 a.m. (ET). A press release reporting the Company's financial results will be issued at 7:00 a.m. (ET) that same day.

Carrols Restaurant Group, Inc. to Announce First Quarter 2022 Financial Results on May 12, 2022

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