Carrols Restaurant Group Posts Mixed Q1

Carrols Restaurant Group reported Q1 loss per share of $0.14, versus earnings per share of $0.05 last year. This was wider than the $0.07 per-share loss forecast by analysts polled by Capital IQ. Revenue for the quarter was $239.9 million, versus $222.5 million last year. This beat the $236.1 million Capital IQ estimate.

Comparable restaurant sales decreased 0.6% compared to a 5.7% increase in the prior year period. The company is now guiding for full-year revenue of $1.03 billion to $1.06 billion, from $1.02 billion to $1.07 billion previously. The Street is at $1.03 billion. Comparable restaurant sales increase is seen at 2% to 3%,
from 2% to 4% previously.