Welcome to our dedicated page for Carrols Restaurant Group news (Ticker: TAST), a resource for investors and traders seeking the latest updates and insights on Carrols Restaurant Group stock.
Carrols Restaurant Group Inc (TAST) operates one of North America's largest Burger King and Popeyes franchise networks, serving millions through its performance-driven restaurant management. This page provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the quick-service restaurant sector.
Access official press releases, earnings reports, and operational updates in one centralized location. Track key developments including franchise expansions, leadership appointments, and menu innovation strategies. Our curated news feed ensures you stay informed about TAST's market positioning within RBI's global restaurant ecosystem.
Discover updates categorized for efficient navigation: quarterly financial disclosures, restaurant portfolio growth metrics, operational efficiency initiatives, and management team developments. All content is sourced directly from company filings and verified industry channels to ensure reliability.
Bookmark this page for continuous access to Carrols Restaurant Group's latest business updates. Check back regularly for insights into how TAST maintains its leadership position through strategic franchising and operational excellence in the competitive fast-food landscape.
Restaurant Brands International (RBI) (TSX: QSR) (NYSE: QSR) has completed its acquisition of Carrols Restaurant Group (formerly NASDAQ: TAST) for $9.55 per share, totaling approximately $1 billion. The acquisition adds Carrols' 1,023 Burger King and 59 Popeyes restaurants to RBI's portfolio. RBI plans to invest $500 million in reimaging over 600 Carrols locations before refranchising most of them over the next seven years. Additionally, RBI amended its Credit Agreement, increasing the term loan B facility to $5.9 billion to finance the acquisition.
Carrols Restaurant Group, Inc. (TAST), the largest BURGER KING franchisee in the U.S., has announced a conference call to discuss its first quarter 2023 financial results on May 11, 2023, at 8:30 a.m. (ET). The financial results will be released at 7:00 a.m. (ET) the same day. The call will feature new President and CEO Deborah M. Derby, CFO Anthony E. Hull, and Controller Gretta Miles.
Carrols operates 1,019 BURGER KING restaurants across 23 states and 65 POPEYES restaurants in seven states, having been in operation since 1976 and 2019, respectively. Interested parties can join the call by dialing 201-493-6779, with a replay available until May 25, 2023. Webcast access is available on the company's Investor Relations website.
Carrols Restaurant Group, Inc. (Nasdaq: TAST) has appointed Deborah M. Derby as the new President and CEO, effective May 1, 2023. Ms. Derby succeeds Paulo A. Pena, who passed away on December 31, 2022, and Anthony Hull, the Interim CEO, who will continue as Vice President and CFO. Derby brings a wealth of experience, having served as a senior executive at Toys “R” Us and President of Horizon Group USA. The Board's Chairman, David Harris, expressed confidence in Derby's capabilities to drive the company's performance forward. Derby aims to collaborate with the Board and management to enhance financial and operational outcomes, targeting significant opportunities ahead for the company. Carrols operates as a key franchisee of BURGER KING® and POPEYES®, with a total of 1,084 restaurants across various states.
