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May 22, 2015 11:30 AM 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 27, 2015, it operated approximately 46 restaurants in 20 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

4,745 Employees

Phone:

817-601-3421

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

Chief Executive Officer
Age: 57
Total Annual Compensation: $400.0K
Chief Financial Officer
Age: 46
Total Annual Compensation: $330.0K
Chief Operating Officer
Age: 44
Total Annual Compensation: $293.2K
Compensation as of Fiscal Year 2014.

Del Frisco's Restaurant Group, Inc. Key Developments

Del Frisco's Restaurant Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 24, 2015; Provides Earnings Guidance for the Fiscal Year Ending December 29, 2015

Del Frisco's Restaurant Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 24, 2015. For the quarter, the company reported revenues of $75,102,000 compared to $66,622,000 a year ago. Operating income was $7,800,000 compared to $6,749,000 a year ago. The company top line growth was a result of 72 additional operating weeks and a blended 2.2% increase in comparable restaurant sales. Income before income taxes was $7,686,000 compared to $6,717,000 a year ago. Net income was $5,394,000 or $0.23 per basic and diluted share compared to $4,522,000 or $0.19 per basic and diluted share a year ago. Adjusted net income was $5,362,000 or $0.23 per basic and diluted share compared to $4,638,000 or $0.19 per diluted share a year ago. Restaurant-level EBITDA increased $2.3 million, or 15.9%, to $17.1 million in the first quarter of 2015 from $14.8 million in the first quarter of 2014. The company provided earnings guidance for the fiscal year ending December 29, 2015. For the year, the company expects total comparable restaurant sales increase of 2% to 3%, restaurant-level EBITDA of 22.0% to 22.4% of consolidated revenues, effective tax rate of approximately 30% to 32%, gross capital expenditures (before tenant allowances) of $40 million to $45 million and annual earnings per diluted share growth between 15% and 18%.

Del Frisco's Restaurant Group Closing Sullivan's Steakhouse in LoDo; to Open New Eatery in Cherry Creek

Del Frisco's Restaurant Group announced that Sullivan's Steakhouse, the restaurant located in LoDo a few blocks from Coors Field, will close its doors on May 30, 2015 as the lease term comes to an end. The company also announced that it will open a more casual-concept eatery called Del Frisco's Grille in Cherry Creek. The company also announced that it has plans to look for another Denver location for a Sullivan's Steakhouse in the future.

Del Frisco's Restaurant Group, Inc. to Report Q1, 2015 Results on Apr 28, 2015

Del Frisco's Restaurant Group, Inc. announced that they will report Q1, 2015 results at 7:30 AM, Central Standard Time on Apr 28, 2015

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