Del Taco Restaurants, Inc. - TACO STOCK NEWS

Del Taco Restaurants, Inc. (NASDAQ: TACO) will announce its fiscal third quarter 2021 financial results on October 14, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET the same day, hosted by CEO John D. Cappasola, Jr. and CFO Steven L. Brake. Interested parties can join via telephone or listen to the webcast available on deltaco.com. Del Taco operates approximately 600 restaurants across 16 states, serving Mexican and American favorites prepared fresh with quality ingredients.

Del Taco Restaurants (NASDAQ: TACO) has partnered with Feel Good Brands to open three new locations on the Las Vegas Strip. This multi-unit deal aims to capture the tourist market and enhance Del Taco's presence in the area, where it already operates nearly 40 restaurants. Feel Good Brands, known for its operational excellence in casino food courts, sees Del Taco as a perfect fit for its clientele, emphasizing quick, quality meals. This collaboration underscores Del Taco's growth potential in the quick-service restaurant sector.

Del Taco Restaurants (NASDAQ: TACO) has launched its new loyalty app, Del Yeah! Rewards, designed to enhance consumer engagement and satisfaction. Developed in partnership with Cheetah Digital, the app offers a tiered rewards system allowing members to earn points based on their purchases. New users receive two free tacos upon joining and can progress through four tiers—Queso, Scorcho, Inferno, and Epic—unlocking exclusive rewards and bonuses. This initiative aims to improve customer retention and enhance the overall dining experience.

Del Taco Restaurants (NASDAQ: TACO) has announced a franchise agreement to open 10 new units in Virginia, marking its expansion into the 17th state. Franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC will introduce the brand in cities like Virginia Beach and Chesapeake. This move aligns with Del Taco's strategy to enhance its presence in the Southeast as indicated by SVP of Development Jeff Little. Del Taco is actively seeking more multi-unit operators for further growth, particularly in the Carolinas and surrounding regions.

Del Taco Restaurants (NASDAQ: TACO) announced the addition of 10 new locations across Florida’s East Coast in collaboration with franchisees. This expansion follows the successful opening of their first outlet in Melbourne in May 2021. The franchisee group, led by Aman Singh, now has exclusive rights to operate in Indian River, Brevard, and Volusia counties. Del Taco's unique positioning in the fast-food sector presents growth opportunities for multi-unit operators. The company aims to attract more franchisees to open new locations across the U.S.

Del Taco Restaurants (NASDAQ: TACO) has announced a franchise partnership with Bangars Management to open five new restaurants in Fresno, California. Led by Prabh Singh and Mandeep Bangar, the duo brings over 35 years of experience in the restaurant industry. This collaboration will also introduce Del Taco's new Fresh Flex design in the region. Del Taco's unique positioning within the Mexican quick-service segment showcases significant growth opportunities for multi-unit operators.

Del Taco (NASDAQ: TACO) has launched three new Stuffed Quesadilla Tacos, enhancing its menu with cheesy and flavorful options available nationwide. Priced at $1.99 for Grilled Chicken, $2.29 for Crispy Chicken, and $2.99 for Carne Asada, these tacos offer a unique marriage of quesadilla and taco experiences. Customers can also add fresh, house-made guacamole. The introduction coincides with a seasonal lineup of caramel-flavored beverages, showcasing Del Taco's commitment to innovation and flavor in the fast-casual dining space.

Del Taco Restaurants (NASDAQ: TACO) has opened its 23rd location in Georgia, specifically in Griffin, enhancing its Southeastern expansion. This new restaurant is part of a multi-unit deal with franchisee Mac Kamara of MK Energy, LLC. The Griffin location will feature Del Taco's signature menu including fresh Mexican and American dishes prepared in-house with quality ingredients. The brand serves over three million customers weekly across approximately 600 locations in 16 states, emphasizing its commitment to quality and value.

Del Taco Restaurants, Inc. (NASDAQ: TACO) reported strong fiscal Q2 2021 results, highlighting a 19.5% increase in total revenue to $125.0 million. System-wide comparable restaurant sales grew 17.8%, with net income rising to $6.0 million or $0.16 per diluted share. The company sees promising growth ahead, with plans to open 13 new restaurants in 2021 and an expectation of 5% annual unit growth starting in 2023. A quarterly cash dividend of $0.04 per share is set for August 25, 2021.