Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $10.52 USD
Change Today +0.11 / 1.06%
Volume 113.2K
TAST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

carrols restaurant group inc (TAST) Snapshot

Open
$10.45
Previous Close
$10.41
Day High
$10.55
Day Low
$10.29
52 Week High
06/22/15 - $10.91
52 Week Low
08/20/14 - $6.49
Market Cap
373.5M
Average Volume 10 Days
246.9K
EPS TTM
$-1.05
Shares Outstanding
35.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARROLS RESTAURANT GROUP INC (TAST)

Related News

No related news articles were found.

carrols restaurant group inc (TAST) Related Businessweek News

View More BusinessWeek News

carrols restaurant group inc (TAST) Details

Carrols Restaurant Group, Inc., through its subsidiaries, operates as a Burger King restaurants franchisee in the United States. As of March 29, 2015, it owned and operated 659 BURGER KING restaurants. The company was founded in 1960 and is headquartered in Syracuse, New York.

20,400 Employees
Last Reported Date: 03/4/15
Founded in 1960

carrols restaurant group inc (TAST) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $577.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $329.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $206.0K
Vice President and Controller
Total Annual Compensation: $222.0K
Vice President of Real Estate
Total Annual Compensation: $201.0K
Compensation as of Fiscal Year 2014.

carrols restaurant group inc (TAST) Key Developments

Carrols Restaurant Group, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 09:00 AM

Carrols Restaurant Group, Inc. Presents at Stephens Spring Investment Conference 2015, Jun-03-2015 09:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: Paul R. Flanders, Chief Financial Officer, Vice President and Treasurer.

Carrols Restaurant Group, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Revises Earnings Guidance for the Year 2015; Expects 15 to 20 Restaurant Closures for the Year 2015; Announces Impairment Charges for the First Quarter Ended March 31, 2015

Carrols Restaurant Group, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s restaurant sales were $193,170,000 compared to $151,453,000 a year ago. Loss from operations was $4,462,000 compared to $6,484,000 a year ago. Loss before income taxes was $9,276,000 compared to $11,187,000 a year ago. Net loss was $9,276,000 or $0.27 per basic and diluted share compared to $7,429,000 or $0.32 per basic and diluted share a year ago. Adjusted EBITDA was $7,725,000 compared to $3,312,000 a year ago. EBITDA was $5,543,000 compared to $2,274,000 a year ago. Total capital expenditures during the first quarter were $12.1 million and included $8.8 million for remodeling 10 restaurants. Loss from operations included $1.6 million of impairment and other lease charges and $0.2 million of acquisition and integration costs in the first quarter of 2015. Impairment and other lease charges were $0.6 million and acquisition and integration costs were $0.1 million in the prior year period. The overall increase in sales reflected a solid 6.3% increase in customer traffic and a 2.1% increase in average check. The company provided the updated guidance and expectations for 2015 which is a 53-week fiscal period: Total restaurant sales of $815 million to $830 million against $810 million to $830 million previously estimated; A comparable restaurant sales increase of 3% to 5% on a comparable 52-week basis against 2% to 4% previously estimated; Adjusted EBITDA of $48 million to $52 million against $44 million to $48 million previously estimated; The company does not anticipate any income tax expense or benefit for 2015 as a result of it currently being in a full net deferred tax asset valuation allowance position; Capital expenditures of $45 million to $50 million, which includes remodeling a total of 80 to 90 restaurants against $37 million to $44 million previously estimated, which included remodeling a total of 60 to 70 restaurants. For the year 2015, the company expects 20 to 25 restaurant closures. Impairment and other lease charges totaled $1.6 million in the first quarter ended March 31, 2015. Of this amount, impairment charges were approximately $450,000 and were primarily due to maintenance capital expenditures required at a number of restaurants than had been previously impaired.

Carrols Restaurant Group, Inc. Receives the Requisite Consents Pursuant to its Tender Offer and Consent Solicitation for its Outstanding 11.25% Senior Secured Second Lien Notes Due 2018

Carrols Restaurant Group, Inc. announced that the company has received the requisite tenders and consents from holders of its 11.25% Senior Secured Second Lien Notes due 2018 to amend the indenture governing such notes and certain security documents entered into with respect to the notes. On April 15, 2015, the company commenced its cash tender offer and consent solicitation relating to the notes pursuant to an offer to purchase and consent solicitation statement, dated April 15, 2015, and a related Consent and Letter of Transmittal, the terms and conditions of the tender offer and consent solicitation. The consent solicitation expired at 5:00 p.m., New York City time, April 28, 2015. Tenders may no longer be withdrawn and consents may no longer be revoked. Holders who tender after 5:00 p.m. New York City time, on April 28, 2015 will not be entitled to the consent payment. As of the expiration of the consent solicitation, holders of $145,500,000 of notes, representing 97% of the outstanding principal amount of the notes, had tendered their notes and consented to the proposed amendments to the indenture governing the notes and certain security documents entered into with respect to the notes. Carrols and The Bank of New York Mellon Trust Company, N.A., the trustee under the indenture governing the notes, have entered into a supplemental indenture that amends the indenture and certain security documents. The supplemental indenture became effective upon execution by Carrols and The Bank of New York Mellon Trust Company, N.A. on April 29, 2015. The amendments became operative when the Notes that had been validly tendered on or prior to the expiration of the consent solicitation were accepted for payment and paid for by Carrols pursuant to the terms of the tender offer on April 29, 2015. The amendments, among other things, eliminate a significant portion of the restrictive covenants, eliminate certain events of default, release all of the collateral securing the obligations of Carrols and the guarantors under the notes and amend the number of days prior to any redemption date that Carrols must send a notice of redemption. The amendments to the indenture are binding upon the holders of notes not tendered into the tender offer. The tender offer and consent solicitation expires at 11:59 p.m., New York City time, on May 12, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TAST:US $10.52 USD +0.11

TAST Competitors

Market data is delayed at least 15 minutes.

Company Last Change
McDonald's Corp $96.17 USD +0.41
Wendy's Co/The $10.79 USD -0.09
View Industry Companies
 

Industry Analysis

TAST

Industry Average

Valuation TAST Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 3.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CARROLS RESTAURANT GROUP INC, please visit www.carrols.com. Company data is provided by Capital IQ. 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.