Sign up
Tech Capital

Restaurant operator Del Frisco beats Street expectations despite fiscal 4Q loss

The Texas-based restaurant group swung to an adjusted loss of $0.04 per share, from a profit of $0.30 a year ago
Del Frisco Grille restaurant
Revenue came in at 123.8 million, which missed the Zacks consensus expectation of $125.6 million.

Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG) posted a fiscal fourth-quarter loss of $0.04 per share on Tuesday, beating the average analyst estimate of an $0.08 loss per share. That’s way down from net income of $0.30 per share a year ago.

For the 13 weeks ended December 25, 2018, revenue came in at $123.8 million, which missed Zacks consensus expectation of $125.6 million. Year over year, that’s a 23.3% increase from $100.4 million for the Irvine, Texas-based restaurant group.

Same-store restaurant sales for the quarter grew 0.1% from the year-ago period.

READ: Del Frisco operator's shares plunge after missing on 1Q profit and announcing acquisition of Barteca

For the coming year, analysts are mixed, expecting a loss of $0.15 per share on average and a 40% increase in revenue to $529.8 million. Del Frisco brought in $378.2 million in 2018.

Some growth may be thanks to the seven to eight restaurants the group expects to add in 2019. Currently, the group consists of 75 restaurants across 16 states and Washington, DC.

Investors weren't biting, sending the stock down 1.2% to $7.89. 

 

1551807154_andrew.jpg


Register here to be notified of future DFRG Company articles
View full DFRG profile View Profile
View All

© tech Capital 2019

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.