Carrols Restaurant Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Carrols Restaurant Group met expectations on revenue and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share dropped to zero.
Gross margin grew, operating margin contracted, and net margin shrank.
Carrols Restaurant Group logged revenue of $203.6 million. The one analyst polled by S&P Capital IQ expected a top line of $203.7 million on the same basis. GAAP reported sales were 4.5% higher than the prior-year quarter's $194.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.13. The one earnings estimate compiled by S&P Capital IQ forecast $0.18 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's $0.12.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.5%, 270 basis points better than the prior-year quarter. Operating margin was 3.9%, 110 basis points worse than the prior-year quarter. Net margin was 0.0%, 130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $206.9 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $865.1 million. The average EPS estimate is $0.87.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Carrols Restaurant Group is outperform, with an average price target of $12.00.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.