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Carrols Restaurant: Q4 Earnings Snapshot

Associated Press
Updated ·1-min read

SYRACUSE, N.Y. (AP) _ Carrols Restaurant Group Inc. (TAST) on Wednesday reported a loss of $18.6 million in its fourth quarter.

On a per-share basis, the Syracuse, New York-based company said it had a loss of 37 cents. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The average estimate of three analysts surveyed by Zacks Investment Research was also breakeven on a per-share basis.

The restaurant operator posted revenue of $420.5 million in the period, also matching Street forecasts.

For the year, the company reported that its loss narrowed to $29.5 million, or 58 cents per share. Revenue was reported as $1.55 billion.

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Carrols Restaurant shares have risen slightly more than 4% since the beginning of the year. The stock has risen 74% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAST at https://www.zacks.com/ap/TAST