Why Carrols Restaurant Shares Are Surging Today
Portfolio Pulse from Nabaparna Bhattacharya
Carrols Restaurant Group, Inc. (NASDAQ:TAST) reported Q2 FY23 sales growth of 9.8% YoY to $485.22 million, beating the consensus of $475.23 million. Adjusted EPS of $0.27 beat the analyst consensus of $0.02. The company's Burger King and Popeyes restaurants saw comparable sales increase by 10.4% and 11.6% respectively. The company's net debt totaled $435.89 million at the end of the quarter.
August 10, 2023 | 2:46 pm
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Carrols Restaurant Group reported strong Q2 FY23 results, with sales growth and adjusted EPS beating consensus. The company's net debt stands at $435.89 million.
Carrols Restaurant Group reported strong Q2 FY23 results, with both sales growth and adjusted EPS beating consensus estimates. This positive news is likely to boost investor confidence and drive the stock price up in the short term.
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