May 20, 2018 8:24 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 May 02, 2018, it operated 53 restaurants in 23 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

4,890 Employees

Phone:

817-601-3421

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

Del Frisco's Restaurant Group, Inc. does not have any Key Executives recorded.

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 27, 2018; Reports Impairment for the First Quarter Ended March 27, 2018; Reiterates Earnings Guidance for the Fiscal Year Ending December 25, 2018

Del Frisco's Restaurant Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 27, 2018. For the quarter, the company reported revenues of $89,303,000 compared to $83,890,000 a year ago. Operating income was $761,000 compared to $4,408,000 a year ago. Income before income taxes was $459,000 compared to $4,396,000 a year ago. Net income was $400,000 or $0.02 per basic and diluted share compared to $3,310,000 or $0.14 per basic and diluted share a year ago. Adjusted pre-tax income was $2,120,000 compared to $6,432,000 a year ago. Adjusted net income was $2,035,000 or $0.10 per basic and diluted share compared to $4,567,000 or $0.20 per basic and diluted share a year ago. Restaurant-level EBITDA was $16,915,000 against $17,958,000 a year ago. For the quarter, the company reported impairment charges of $84,000. For the fiscal year ending December 25, 2018, the company is reiterating the guidance for total comparable restaurant sales growth of 0% to 2%. Restaurant-level EBITDA of 20.0% to 21.0% of consolidated revenues. General and administrative costs of approximately $30 million to $33 million. Reduction of effective tax rate guidance to 0% to 5% from 10% to 15%. Gross capital expenditures (before tenant allowances) of $55 million to $60 million. Annual adjusted net income per diluted share of $0.66 to $0.76.

Del Frisco's Restaurant Group Announces Opening of Del Friscos Double Eagle Steakhouses in Pittsburgh and Santa Clara

Del Frisco's Restaurant Group announced that the company is opening two new Del Friscos Double Eagle Steakhouse locations, one at the Union Trust Building in downtown Pittsburgh and the other at the Valley Fair Mall in Santa Clara. The openings will mark the 18th & 19th locations for the Del Friscos Double Eagle Steakhouse concept.  The new Pittsburgh location is located right in the heart of downtown in the historic Union Trust Building. The restaurant is anticipated to open Third Quarter 2019 and feature unique characteristics such as a dramatic staircase that will connect the upper and lower dining spaces. Boston-based, The Davis Companies is led by Pittsburgh native, Jonathan Davis. As part of his commitment to the local marketplace, the company has meticulously restored the 100-year-old Union Trust Building, upgraded the buildings amenities and attracted a prestigious tenant roster with national law firms and technology firms. The new Del Friscos Double Eagle Steakhouse in Santa Clara is located at the Valley Fair Mall, which is one of the highest-performing malls in the U.S. The new location, also expected to open in Third Quarter 2019, will feature two floors with a bar and outdoor patio on each level, providing guests with the ability to enjoy both an indoor and outdoor experience. The location also features multiple private dining rooms, access to parking systems and private shopping areas to enhance guest experiences.

Del Frisco's Restaurant Group, Inc. to Report Q1, 2018 Results on May 07, 2018

Del Frisco's Restaurant Group, Inc. announced that they will report Q1, 2018 results at 7:30 AM, Central Standard Time on May 07, 2018

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