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.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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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., July 08, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that it recently acquired 19 BURGER KING® restaurants in Indiana and Michigan.

Carrols Restaurant Group, Inc. Acquires 19 BURGER KING® Restaurants in Indiana and Michigan

SYRACUSE, N.Y., June 23, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols Restaurant Group”) announced today that it has priced a private offering of $300 million of 5.875% Senior Notes due 2029 (the "Notes"). The Notes will be issued at par. The offering is expected to close on June 28, 2021, subject to customary closing conditions.

Carrols Restaurant Group, Inc. Prices Offering of $300 Million of Senior Notes Due 2029

SYRACUSE, N.Y., June 23, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (NASDAQ: TAST) (“Carrols Restaurant Group”) announced today that it plans to offer, in a private placement, senior notes due 2029 in the aggregate principal amount of $300 million (the “Notes”). Carrols Restaurant Group is the largest U.S. Burger King® franchisee based on the number of restaurants and has owned and operated Burger King restaurants since 1976. As of April 4, 2021, the Company owned and operated 1,010 Burger King restaurants and 65 Popeyes® restaurants. Carrols Restaurant Group intends to use the net proceeds of the private placement of the Notes and $46 million of revolving credit borrowings under its senior credit facility (i) to repay $74.0 million of outstanding term loan B-1 borrowings and $244.0 million of outstanding term loan B borrowings under its senior credit facility, (ii) to pay fees and expenses related to the offering of the Notes and the amendment to its senior credit facility, and (iii) for working capital and general corporate purposes, including for possible future repurchases of its common stock and/or a dividend payment and/or payments on its common stock.

Carrols Restaurant Group, Inc. Announces Offering of Senior Notes

New York, New York--(Newsfile Corp. - May 14, 2021) -  Levi & Korsinsky announces it has commenced an investigation of Carrols Restaurant Group, Inc. (NASDAQ: TAST) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/carrols-restaurant-group-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Carrols Restaurant Group, Inc.- TAST

Carrols Restaurant Group, Inc. (TAST) CEO Dan Accordino on Q1 2021 Results - Earnings Call Transcript

Company's Burger King Restaurants Increased Comparable Restaurant Sales by 14.7%

Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2021

The shares of Carrols Restaurant Group Inc (NASDAQ:TAST) are down roughly 2% at $5.77 at last check.

Checking In With This Restaurant Name Ahead of Earnings

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Carrols Restaurant (TAST) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Strength Seen in Carrols Restaurant (TAST): Can Its 6.8% Jump Turn into More Strength?

SYRACUSE, N.Y., March 12, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that as a material inducement to enter into employment with the Company on February 15, 2021, the Company granted an inducement award of 250,000 restricted shares of the Company's common stock (the “Inducement Award”) to Carl Hauch, Vice President and Chief Operating Officer of the Company on March 12, 2021, which vests as follows: (a) 34% of the Inducement Award will vest on the first anniversary of the date of grant, (b) 33% of the Inducement Award will vest on the second anniversary of the date of grant and (c) 33% of the Inducement Award will vest on the third anniversary of the date of grant. Vesting of the shares of restricted stock is conditioned upon Mr. Hauch's continued employment with the Company and is subject to acceleration upon certain events. The Inducement Award was granted in accordance with NASDAQ Listing Rule 5635(c)(4) and approved by the Compensation Committee of the Company's Board of Directors.

Carrols Restaurant Group, Inc. Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)

Carrols Restaurant Group, Inc. (TAST) CEO Daniel Accordino on Q4 2020 Results - Earnings Call Transcript

New York, New York--(Newsfile Corp. - March 3, 2021) - Levi & Korsinsky announces it has commenced an investigation of Carrols Restaurant Group, Inc. (NASDAQ: TAST) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/carrols-restaurant-group-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Carrols Restaurant Group, Inc.- TAST

SYRACUSE, N.Y., March 03, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today reported financial results for the fourth quarter and full year ended January 3, 2021.

Carrols Restaurant Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2020

SYRACUSE, N.Y., Feb. 17, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. ("Carrols") (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Daniel T. Accordino, Chairman and Chief Executive Officer, and Anthony E. Hull, Chief Financial Officer, will host a conference call to discuss fourth quarter and full year 2020 financial results on Wednesday, March 3, 2021 at 8:30 AM ET. A press release with these financial results will be issued at 7:00 AM ET that same day.

Carrols Restaurant Group, Inc. to Announce Fourth Quarter and Full Year 2020 Financial Results on March 3, 2021

SYRACUSE, N.Y., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that it has appointed Jared L. Landaw as the Company's Vice President and General Counsel, effective February 8, 2021.

Carrols Restaurant Group, Inc. Appoints Jared L. Landaw as Vice President and General Counsel

SYRACUSE, N.Y., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today announced that it has appointed Carl Hauch as the Company's Chief Operating Officer, effective February 15, 2021.

Carrols Restaurant Group, Inc. Appoints Accomplished Industry Leader Carl Hauch as Chief Operating Officer

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Bear of the Day: Carrols Restaurant Group (TAST)

SYRACUSE, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today reported preliminary sales results for the fourth quarter and full year 2020 ended January 3, 2021.

Carrols Restaurant Group, Inc. Reports Preliminary Sales Results for the Fourth Quarter and Full Year 2020

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Carrols Restaurant Group, Inc. (TAST) CEO Daniel Accordino on Q3 2020 Results - Earnings Call Transcript

Carrols Restaurant (TAST) delivered earnings and revenue surprises of -35.71% and 0.46%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Carrols Restaurant Group (TAST) Lags Q3 Earnings Estimates

SYRACUSE, N.Y.--(BUSINESS WIRE)--Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today reported financial results for the third quarter ended September 27, 2020. Highlights for the Third Quarter of 2020 versus the Third Quarter of 2019 Total restaurant sales increased 2.2% to $407.0 million compared to $398.4 million in the prior year quarter; Comparable restaurant sales for the Company's Burger King® restaurants increased 0.8%; Comparable restaurant sales for the Com

Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter 2020

Carrols Restaurant (TAST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carrols Restaurant Group (TAST) Reports Next Week: Wall Street Expects Earnings Growth

SYRACUSE, N.Y.--(BUSINESS WIRE)--Carrols Restaurant Group, Inc. ("Carrols") (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today announced that Daniel T. Accordino, Chairman and Chief Executive Officer, and Anthony E. Hull, Chief Financial Officer, will host a conference call to discuss third quarter 2020 financial results on Thursday, November 5, 2020 at 8:30 AM ET. A press release with third quarter 2020 financial results will be issued at 7:00 AM ET that same day.

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