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.
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Carrols Restaurant Group, Inc. (TAST) will host a conference call on August 12, 2021, at 8:30 a.m. (ET) to discuss its second quarter 2021 financial results. The press release detailing these results will be available at 7:00 a.m. (ET) on the same day. Carrols, as the largest BURGER KING® franchisee in the U.S., operates 1,027 BURGER KING® restaurants and 65 POPEYES® restaurants. Interested parties can access the live call by dialing 201-493-6725 or listen via webcast on the company's Investor Relations page.
On July 8, 2021, Carrols Restaurant Group, Inc. (Nasdaq: TAST) announced the acquisition of 19 BURGER KING® restaurants across Indiana and Michigan. This marks Carrols' first multi-restaurant acquisition in over two years, boosting its presence in these key Midwestern states. The CEO, Daniel T. Accordino, expressed optimism about improving sales and margins at the newly acquired locations. Currently, Carrols operates 1,029 BURGER KING® restaurants, making it the largest franchisee in the U.S., alongside 65 POPEYES® restaurants.
Carrols Restaurant Group (NASDAQ: TAST) announced a private offering of $300 million in 5.875% Senior Notes due 2029, priced at par. The offering is set to close on June 28, 2021. Proceeds will be used to repay existing term loans and for working capital, which may include common stock repurchases or dividends. The Notes are not registered under the Securities Act and may only be offered in compliance with specific regulations. Forward-looking statements include potential risks, particularly related to COVID-19.
Carrols Restaurant Group (NASDAQ: TAST) has announced a private placement offer of senior notes due 2029, totaling $300 million. The largest Burger King franchisee in the U.S., it aims to utilize the net proceeds to repay $318 million in outstanding loans, cover offering expenses, and fund working capital. The notes will be offered to qualified institutional buyers and non-U.S. persons only, without registration under the Securities Act. The company noted forward-looking statements regarding its business risks, particularly related to COVID-19.
Carrols Restaurant Group, Inc. (TAST) reported strong first-quarter results for 2021, with total restaurant sales rising 10.9% to $390.0 million compared to $351.5 million in 2020. Comparable sales at Burger King restaurants increased by 14.7%, while Popeyes saw a slight 0.5% growth. Adjusted EBITDA surged to $19.9 million, up from $4.0 million. The net loss decreased to $7.2 million, or $0.14 per diluted share, from a net loss of $22.2 million, or $0.44 per diluted share a year earlier. The company's liquidity improved to over $200 million, and the leverage ratio decreased to 3.4x.
Carrols Restaurant Group, Inc. (TAST), the largest BURGER KING® franchisee in the U.S., will host a conference call on May 13, 2021, at 8:30 a.m. ET to discuss its Q1 2021 financial results. A press release detailing these results will be available at 7:00 a.m. ET on the same day. Interested parties can access the call via phone or webcast on the Company’s Investor Relations page. Carrols operates approximately 1,075 restaurants, including 1,010 BURGER KING® and 65 POPEYES® locations, with a franchise history dating back to 1976.
Carrols Restaurant Group (Nasdaq: TAST) announced the granting of 250,000 restricted shares to Carl Hauch as an inducement to employment. The Award vests over three years, with conditions tied to Hauch's continued employment. Carrols operates around 1,075 restaurants, being the largest BURGER KING® franchisee in the U.S. This announcement was made on March 12, 2021, and aligns with NASDAQ Listing Rule 5635(c)(4).
Carrols Restaurant Group (TAST) reported a 5.8% increase in total restaurant sales to $420.5 million for Q4 2020, despite a 0.9% decline in comparable sales for Burger King and a 12.9% drop for Popeyes. Adjusted EBITDA rose to $31.8 million, while the net loss widened to $18.6 million, reflecting a non-cash tax expense. For the full year 2020, total sales increased 6.5% to $1.55 billion. The company generated $56.1 million in free cash flow and maintained liquidity of approximately $200 million. Management is optimistic about future sales growth and investments in new initiatives.
Carrols Restaurant Group, Inc. (TAST), the largest BURGER KING® franchisee in the U.S., will host a conference call on March 3, 2021, at 8:30 AM ET to discuss its financial results for Q4 and full year 2020. A press release detailing these results will be issued at 7:00 AM ET that same day. Carrols operates approximately 1,074 restaurants, including 1,009 BURGER KING® and 65 POPEYES® locations. The company has been a BURGER KING® franchisee since 1976.
Carrols Restaurant Group (Nasdaq: TAST) has appointed Jared L. Landaw as Vice President and General Counsel, effective February 8, 2021. CEO Daniel T. Accordino expressed confidence in Landaw’s legal expertise, which is expected to enhance the company’s strategic initiatives. Landaw has a strong background, previously serving as COO and General Counsel at Barington Capital Group and has held legal positions at International Specialty Products and Skadden, Arps. Carrols operates 1,074 restaurants, primarily as the largest BURGER KING franchisee.
