Fiesta Restaurant Group: 2Q Earnings Snapshot
DALLAS (AP) _ Fiesta Restaurant Group Inc. (FRGI) on Wednesday reported a second-quarter loss of $43.4 million, after reporting a profit in the same period a year earlier.
The Dallas-based company said it had a loss of $1.62 per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 21 cents per share.
The owner of Pollo Tropical and Taco Cabana restaurants posted revenue of $171.4 million in the period.
Fiesta Restaurant Group shares have declined 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.71, a drop of 65% in the last 12 months.