Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2023
SYRACUSE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 2, 2023.
- SYRACUSE, N.Y., May 11, 2023 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST), the largest BURGER KING® franchisee in the United States, today reported its financial results for the first quarter ended April 2, 2023.
- Comparable restaurant sales for the Company’s Popeyes restaurants, which represented 5.2% of total restaurant sales in the first quarter of 2023, increased 9.5% compared to a 2.2% increase in the first quarter of 2022.
- Adjusted EBITDA(1) was $30.7 million in the first quarter of 2023 compared to $4.3 million in the first quarter of 2022.
- Income from operations was $10.2 million in the first quarter of 2023 compared to loss from operations of $19.8 million in the prior year quarter.