Fiesta Restaurant Group has reported total revenues of $176.82m for the second quarter ending 30 June, a 2.4% increase from the same period last year.
The company, which operates Pollo Tropical and Taco Cabana restaurant brands, also reported operating expenses of $163.32m, compared to expenses of $174.9m during the previous year.
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Fiesta Restaurant’s net income saw an increased loss of $9.49m, compared to their second-quarter net income loss of $2.16m last year.
Fiesta Restaurant Group president and chief executive officer Richard Stockinger said: “Our solid second quarter results are in-line with what we expected to see from our plan, which is aimed at restoring our iconic brands to full strength and growth.
“Quarterly comparable restaurant sales grew over 3% at both Pollo Tropical and Taco Cabana, validating the tremendous job our teams are doing in executing our plan.
“We believe our guests truly appreciate the heightened food quality and other hospitality improvements in place and this is reflected in both our rising net promoter scores and our positive restaurant sales trajectory.”
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By GlobalDataFiesta Restaurant also reported a 3.4% increase in comparable restaurant sales of Pollo Tropical and a 3.1% increase in the comparable restaurant sales of its Taco Cabana restaurants.
During the quarter, Fiesta opened four company-owned Pollo Tropical restaurants in Florida and six company-owned Taco Cabana restaurants in Texas. The company also closed two Taco Cabana restaurants.
