Key Developments: Carrols Restaurant Group Inc (TAST.O)

TAST.O on Nasdaq

7.68USD
30 Jul 2014
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$0.13 (+1.72%)
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Latest Key Developments (Source: Significant Developments)

Carrols Restaurant Group Inc reaffirms FY 2014 outlook
Tuesday, 6 May 2014 07:00am EDT 

Carrols Restaurant Group Inc:Expects FY 2014 total restaurant sales of $665 -$680 mln including a comparable restaurant sales increase of 1.5-3.5 pct.Expects FY 2014 adjusted EBITDA of $38 - $42 mln.FY 2014 revenue of $667 mln, EBITDA of $39 mln - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc announces pricing of public offering of common stock
Thursday, 24 Apr 2014 08:20pm EDT 

Carrols Restaurant Group Inc:Announces pricing of public offering of 10,000,000 shares of common stock at a price of $6.20 per share.The Public Offering was upsized from the previously announced offering size of up to $60,000,000 of common stock.The underwriters have also been granted a 30 day option by the company to purchase up to an additional 1,500,000 shares of common stock offered in the Public Offering.The closing of the offering is expected to occur on April 30, 2014.The Company intends to use the net proceeds of the Public Offering to accelerate the remodeling of the Company's restaurants to Burger King Corporation's 20/20 restaurant image, to acquire additional franchised Burger King restaurants.And, to a lesser extent, develop new restaurants and for other general corporate purposes.Raymond James & Associates, Inc. and Stephens Inc. are serving as joint book-running managers.  Full Article

Carrols Restaurant Group Inc announces commencement of public offering
Wednesday, 16 Apr 2014 08:23am EDT 

Carrols Restaurant Group Inc:Public offering of up to $60 mln of common stock.Underwriters granted 30-day option by company to purchase up to an additional 15 pct.Use net proceeds to accelerate remodeling of company's restaurants to Burger King Corporation's 20/20 restaurant image.In addition to acquire additional franchised Burger King restaurants, and, to lesser extent, develop new restaurants and for other general corporate purposes.Raymond James & Associates, Inc. and Stephens Inc. are serving as joint book-running managers for public offering.  Full Article

Carrols Restaurant Group Inc gives FY 2014 revenue guidance in line with analysts' estimates; Comments on FY, Q1 2014 comparable restaurant sales guidance
Thursday, 27 Feb 2014 07:00am EST 

Carrols Restaurant Group Inc:Expects fiscal 2014 total restaurant sales of $665 million to $680 million including a comparable restaurant sales increase of 1.5 pct. to 3.5 pct.Expects comparable restaurant sales to decrease 1.5 pct. to 2.5 pct. in the first quarter of 2014 as a result of severe winter weather.Fiscal 2014 revenue of $668 million - Thomson Reuters I/B/E/S.  Full Article

Carrols Restaurant Group Inc Lowers High End Of Prior FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Comments On Q4 2013 Comparable Restaurant Sales Guidance
Tuesday, 5 Nov 2013 07:00am EST 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total restaurant sales of $660 million to $665 million ($660 million-$680 million previously) including a comparable restaurant sales increase of 2.0% to 2.5% in the fourth quarter. The Company expect fourth quarter 2013 comparable restaurant sales to increase 2.0% to 2.5%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $665 million for fiscal 2013.  Full Article

Carrols Restaurant Group Inc Lowers FY 2013 Guidance; Lowers FY 2013 Comparable Restaurant Sales Guidance
Tuesday, 6 Aug 2013 07:00am EDT 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total restaurant sales of $660 million to $680 million including a comparable restaurant sales increase at legacy restaurants of 1.5% to 3.5%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $687 million for fiscal 2013.  Full Article

Carrols Restaurant Group Inc Reaffirms FY 2013 Revenue Guidance; Reaffirms FY 2013 Comparable Restaurant Sales Guidance
Tuesday, 7 May 2013 07:00am EDT 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total sales of $670 million to $700 million including a comparable restaurant sales increase at legacy restaurants of 2% to 4%. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $673 million for fiscal 2013.  Full Article

Carrols Restaurant Group Inc Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Comments On Q1, FY 2013 Comparable Restaurant Sales Guidance
Thursday, 28 Feb 2013 07:00am EST 

Carrols Restaurant Group Inc announced that for fiscal 2013, it expects total sales of $670 million to $700 million including a comparable restaurant sales increase at legacy restaurants of 2% to 4%. The Company expects comparable restaurant sales to decrease modestly in the first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $693 million for fiscal 2013.  Full Article

Carrols Restaurant Group Inc Settles Longstanding Litigation With EEOC
Tuesday, 8 Jan 2013 04:41pm EST 

Carrols Restaurant Group Inc announced that its wholly-owned subsidiary, Carrols Corporation (Carrols), has entered into an agreement with the Equal Employment Opportunity Commission (EEOC) resolving longstanding litigation originally commenced by the EEOC in 1998. The case, alleged that Carrols had subjected female employees working at its locations to sexual harassment in violation of Title VII of the Civil Rights Act of 1964, and attempted to establish a class action based on a claim of pattern or practice across its restaurants in 13 states. Throughout this litigation over the past 14 years, Carrols has strongly denied all the allegations of the complaint and vigorously defended itself against these claims. Further litigation continued over the remaining claims, and in order to avoid ongoing litigation costs, Carrols has now entered into the agreement with the EEOC which fully resolves and settles all remaining claims without any admission of wrongdoing. Under the agreement, Carrols will make cash payments to the 89 remaining claimants in the lawsuit totaling $2.5 million, with allocations among the claimants being determined by the EEOC. Carrols agreed to continue to uphold its obligations under Title VII and continue to maintain its existing and comprehensive anti-harassment policies and procedures and training programs.  Full Article

Carrols Restaurant Group Inc Raises FY 2012 Comparable Restaurant Sales Guidance
Tuesday, 6 Nov 2012 07:00am EST 

Carrols Restaurant Group Inc announced that for fiscal 2012, it expects comparable restaurant sales for legacy restaurants to increase 6% to 7%.  Full Article

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