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Carrols Restaurant: 2Q Earnings Snapshot

August 8, 2019

SYRACUSE, N.Y. (AP) _ Carrols Restaurant Group Inc. (TAST) on Thursday reported a second-quarter loss of $3.7 million, after reporting a profit in the same period a year earlier.

The Syracuse, New York-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.

The restaurant operator posted revenue of $368.6 million in the period.

Carrols Restaurant expects full-year revenue in the range of $1.44 billion to $1.47 billion.

Carrols Restaurant shares have declined 12% since the beginning of the year. The stock has dropped 45% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TAST at https://www.zacks.com/ap/TAST

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