logo-loader
Retail & consumerFood & drink
viewDel Frisco's Restaurant Group Inc

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. 

 

Quick facts: Del Frisco's Restaurant Group Inc

Price: 7.98 USD

NASDAQ:DFRG
Market: NASDAQ
Market Cap: $267.35 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: PharmaCielo looking to 2020 as a transformative year for the...

PharmaCielo (CVE: PCLO) Chief Corporate Officer David Gordon joined Steve Darling from Proactive in Toronto to talk about the cannabis company whose operations are in Colombia. Gordon talked about the facilities they have and the advantages the climate in Colombia has for...

11 hours, 18 minutes ago

2 min read