STOCK TITAN

Fiesta Restaurant Group, Inc. - FRGI STOCK NEWS

Welcome to our dedicated page for Fiesta Restaurant Group news (Ticker: FRGI), a resource for investors and traders seeking the latest updates and insights on Fiesta Restaurant Group stock.

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) is the parent company of the Pollo Tropical and Taco Cabana restaurant brands. The company specializes in operating fast-casual, ethnic restaurants that offer distinct and unique Caribbean and Mexican inspired flavors. With a focus on providing broad appeal at a compelling value, these brands feature made-from-scratch cooking, fresh salsa bars, and convenient drive-thru service and catering.

Pollo Tropical is renowned for its citrus-marinated chicken, rice bowls, and a variety of tropical sides, while Taco Cabana offers a range of Tex-Mex dishes, including tacos, burritos, and quesadillas, all made with fresh ingredients.

Fiesta Restaurant Group, Inc. continues to innovate and expand its offerings, recently forging strategic partnerships and initiating new projects to enhance customer experience and drive growth. Financially, the company has been focusing on streamlining operations and improving its balance sheet to ensure long-term sustainability and profitability.

For the latest updates and detailed information about the company, visit the corporate website at www.frgi.com.

Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) has appointed Nirmal Kumar (Trip) Tripathy to its Board of Directors effective January 16, 2023. With this addition, the Board now comprises eight members. Tripathy brings extensive financial and leadership experience from roles such as CEO and CFO at prominent retail firms, alongside strong ties to the Florida region. He is currently a Principal at Kaufman Rossin and has a notable background in various senior positions at well-known companies. His expertise is expected to enhance Fiesta's strategic direction and financial oversight.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
management
-
Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) announced the immediate resignation of Richard Stockinger as CEO and President. Dirk Montgomery, previously CFO since 2019, has been appointed as interim CEO during the search for a permanent successor. Stockinger's leadership spanned nearly six years, during which he built a strong management team. Montgomery brings extensive experience in restaurant finance and operations, enhancing the company's growth potential. Tyler Yoesting has been appointed Chief Accounting Officer and acting CFO.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.84%
Tags
management
-
Rhea-AI Summary

Fiesta Restaurant Group (NASDAQ: FRGI) reported a 9.3% growth in comparable restaurant sales for Q3 2022, influenced by a 2.6% negative impact from Hurricane Ian. The company's revenues increased by 7.9% to $95.6 million. Despite operational losses of $3.2 million, the net loss narrowed from the previous year’s $17.3 million profit due to a one-time gain in 2021. Key initiatives, including a successful remodeling program, contributed to traffic growth. October sales improved further to 12.9% year-over-year, emphasizing ongoing recovery efforts and margin enhancement strategies.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.28%
Tags
none
Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) will host a conference call on November 10, 2022, at 4:30 PM ET, to discuss its third quarter 2022 results. The press release with the results will be issued after market close on the same day. Stakeholders can join the call by dialing 412-542-4158, with a replay available until November 17, 2022. The call will also be webcast live on the corporate website under the 'Investor Relations' section. Fiesta operates the Pollo Tropical® brand and previously owned Taco Cabana®.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
Tags
none
-
Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) announced updates regarding its Pollo Tropical restaurants in Florida affected by Hurricane Ian. Select locations were closed from September 27 to October 3, with 38 restaurants impacted. Fortunately, there were no serious injuries or significant property damage reported, and inventory losses due to power outages are being assessed. Most restaurants have reopened, with only four remaining closed. The company is working with insurance providers to assess losses and expects to file claims post-assessment.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.39%
Tags
none
-
Rhea-AI Summary

Fiesta Restaurant Group reported a second quarter 2022 revenue growth of 8.0%, reaching $98.5 million, with comparable restaurant sales increasing 8.4% year-over-year. However, a net loss of $6.5 million was recorded, contrasting with a gain from 2021, attributed to rising costs in labor and food. Despite challenges from inflation, the company expects improved margins in Q3, aiming for restaurant-level adjusted EBITDA margins of 18.0% to 20.0%. Significant advancements in digital platforms and refurbishment efforts are ongoing, contributing to positive sales momentum.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.46%
Tags
none
Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), parent company of Pollo Tropical®, will host a conference call to discuss its second quarter 2022 results on August 11, 2022, at 4:30 P.M. ET. A press release with the results will be issued after market close that day. Interested parties can join the call by dialing 631-891-4304; a replay will be available until August 18, 2022. The call will also be webcast and archived on the company’s website under the Investor Relations section.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
Tags
none
-
Rhea-AI Summary

Fiesta Restaurant Group reported a 8.0% increase in comparable restaurant sales for Q1 2022 compared to Q1 2021, generating revenues of $95.6 million.

Despite improvements, the company faced a net loss of $1.3 million, higher than the $0.7 million loss in Q1 2021. First quarter Restaurant-level Adjusted EBITDA margins also dipped to 16.1% from 21.2% in the previous year. The company is focused on enhancing digital platforms and implementing kitchen redesigns to drive future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.86%
Tags
none
-
Rhea-AI Summary

Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) will host a conference call to discuss its first quarter 2022 results on May 12, 2022, at 4:30 P.M. ET. A press release detailing the results will be issued post-market closure on the same day. Interested parties can join the call by dialing 412-317-5180 or access it via the company’s website at www.frgi.com. A recording will be available until May 19, 2022, using passcode 10166190.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
Rhea-AI Summary

Pollo Tropical® has introduced three new family meal bundles aimed at enhancing its menu offerings. The new meals include the Chicken Trio, TropiChop® Bar, and Fajita Meal, each designed to serve four people for $24.99. The Chicken Trio features a variety of grilled chicken options, while the TropiChop® Bar presents a family-style version of the popular bowl with customizable toppings. The Fajita Meal includes grilled chicken strips with traditional accompaniments. These meals are available at all company-owned locations in Florida, and can be ordered in-store, online, or through the MyPollo® App.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.99%
Tags
none

FAQ

What is the market cap of Fiesta Restaurant Group (FRGI)?

The market cap of Fiesta Restaurant Group (FRGI) is approximately 222.3M.

What does Fiesta Restaurant Group, Inc. do?

Fiesta Restaurant Group, Inc. is the parent company of Pollo Tropical and Taco Cabana restaurant brands, specializing in fast-casual ethnic dining with Caribbean and Mexican flavors.

Which restaurant brands are owned by Fiesta Restaurant Group, Inc.?

The company owns Pollo Tropical and Taco Cabana.

What kind of food does Pollo Tropical offer?

Pollo Tropical is known for its citrus-marinated chicken, rice bowls, and a variety of tropical sides.

What are some popular dishes at Taco Cabana?

Taco Cabana offers Tex-Mex dishes, including tacos, burritos, and quesadillas, all made with fresh ingredients.

Does Fiesta Restaurant Group, Inc. offer drive-thru services?

Yes, both Pollo Tropical and Taco Cabana feature drive-thru services.

Can you cater events with Fiesta Restaurant Group, Inc. brands?

Yes, both Pollo Tropical and Taco Cabana offer catering services.

Where can I find more information about Fiesta Restaurant Group, Inc.?

For more detailed information, you can visit the corporate website at www.frgi.com.

What recent achievements has Fiesta Restaurant Group, Inc. accomplished?

The company has been focusing on strategic partnerships, new projects to enhance customer experience, and financial improvements.

How does Fiesta Restaurant Group, Inc. ensure the quality of its food?

The brands feature made-from-scratch cooking and fresh salsa bars to ensure high-quality and flavorful dishes.

Are there any new developments or projects from Fiesta Restaurant Group, Inc.?

The company is continuously innovating and expanding its offerings to enhance customer experience and drive growth.

Fiesta Restaurant Group, Inc.

Nasdaq:FRGI

FRGI Rankings

FRGI Stock Data

222.35M
24.47M
4.95%
107.38%
0.37%
Restaurants
Consumer Cyclical
Link
United States
Dallas