May 26, 2017 8:58 PM ET

Hotels, Restaurants and Leisure

Company Overview of Del Frisco's Restaurant Group, Inc.

Company Overview

Del Frisco's Restaurant Group, Inc. develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse, and Del Frisco’s Grille brand names. The company offers steaks, as well as other menu selections, such as chops and fresh seafood. As of February 24, 2017, it operated 53 restaurants in 24 states and Washington, D.C. The company was founded in 1981 and is headquartered in Southlake, Texas.

930 South Kimball Avenue

Suite 100

Southlake, TX 76092

United States

Founded in 1981

4,809 Employees

Phone:

817-601-3421

Key Executives for Del Frisco's Restaurant Group, Inc.

Chief Executive Officer, President and Director
Age: 53
Total Annual Compensation: $62.3K
President of Double Eagle Steak House
Age: 50
Total Annual Compensation: $230.0K
Executive Officer
Age: 48
Total Annual Compensation: $300.0K
Vice President of Culinary and Corporate Executive Chef
Age: 45
Total Annual Compensation: $216.0K
Compensation as of Fiscal Year 2016.

Del Frisco's Restaurant Group, Inc. Key Developments

Del Frisco's Restaurant Group, Inc. Announces Executive Changes

Del Frisco's Restaurant Group, Inc. announced the resignation of Mr. Tom Pennison as the company's Chief Financial Officer and the hiring of Mr. Neil Thomson to serve as the company's new Chief Financial Officer, with Mr. Thomsons employment to begin on May 22, 2017. Mr. Pennison, who delivered his notice of resignation on May 3, 2017, will remain with the company through the end of May to assist in the transition process and will be eligible to receive certain benefits set forth in his previously-disclosed employment agreement. Mr. Thomson will serve as Chief Financial Officer pursuant to an Executive Employment Agreement, dated May 5, 2017. Before agreeing to join the company, Mr. Thomson, age 46, spent the last 15 years with Yum! Brands, Inc. Mr. Thomson most recently served as the Chief Growth Officer for Pizza Hut Asia Pacific where he was responsible for finance, development and supply chain functions across Asia Pacific, a position he held since January 2017.

Del Frisco's Restaurant Group, Inc. Opens Del Frisco’s Double Eagle Steak House in Plano, TX

Del Frisco's Restaurant Group, Inc. announced the opening of its Del Frisco’s Double Eagle Steak House at the Legacy West development in Plano, TX. The new restaurant, located on the northwest corner of Dallas North Tollway and Legacy Drive, marks the 13th Del Frisco’s Double Eagle and the third in the Dallas-Fort Worth area. The restaurant opened on May 3 with a ribbon cutting ceremony. The two-story steakhouse at Legacy West designed by Aria Group Architects is a modern, bold and dramatic space perfect for dining, drinks and socializing. Focal points of the restaurant include the circular first-floor bar, wine walls that hold nearly 9,000, a grand staircase with custom metal screen railings and a two-story chandelier. The restaurant has seating for 446 guests across two bars, five dining areas and four private dining rooms, and a robust second-story bar with impressive views of Legacy West. The uniquely designed restaurant provides a luxurious and warm atmosphere that is great for lunch, dinner and special occasions. Del Frisco’s Double Eagle Steak House at Legacy West serves bold, chef-driven cuisine, under the direction of Executive Chef Craig Walter. The menu includes a selection of new 45-day dry-aged steaks, signature 28-day wet-aged filets, and bone-in steaks the concept is known for as well as market fresh and seasonal seafood favorites. To accompany the impeccable menu, the location also offers a diverse wine list of more than 1,000 labels including a mix of California and global wines from a variety of new and old world producers.

Del Frisco's Restaurant Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 21, 2017; Reiterates Earnings Guidance for the 52-Week Ending December 26, 2017

Del Frisco's Restaurant Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 21, 2017. For the quarter, the company reported revenues of $83,890,000 compared to $81,194,000 a year ago. Operating income was $4,408,000 compared to $7,879,000 a year ago. Income before income taxes was $4,396,000 compared to $7,848,000 a year ago. Net income was $3,310,000 or $0.14 per basic and diluted share compared to $5,411,000 or $0.23 per basic and diluted share a year ago. Adjusted net income was $4,567,000 or $0.20 per diluted share compared to $5,411,000 or $0.23 per diluted share a year ago. Restaurant-level EBITDA was $17,958,000 against $18,029,000 a year ago. Adjusted pre-tax income was $6,432,000 compared to $7,848,000 a year ago. The company reiterates earnings guidance for the 52-week ending December 26, 2017. For the period, the company expects total comparable restaurant sales of negative 0.5% to 0.5%. Restaurant-level EBITDA of 21.1% to 21.4% of consolidated revenues. Effective tax rate of approximately 29% to 31%. Gross capital expenditures (before tenant allowances and inclusive of remodels and expenditures related to 2018 openings) of $32.8 million to $33.8 million. Annual adjusted net income per diluted share between $0.82 and $0.86, increased from between $0.80 and $0.84 related to stock repurchases made during the first quarter.

Similar Private Companies By Industry

Company Name Region
1 Hotel South Beach, Inc. United States
1001 Marquette LLC United States
11 East 1st St. LLC United States
11 Howard Hotel United States
110 Gourmet, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 29, 2016
Double Eagle Steak House North Dallas Location
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Del Friscos Restaurant Group, Inc., please visit www.dfrg.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.