Thursday, April 23, 2009

Carrols Restaurant Group, Inc. and Carrols Corporation Report Preliminary Financial Results for the First Quarter 2009

Total revenues for the first quarter of 2009 were $201.3 million, an increase of 2.9% over the first quarter of 2008, with comparable restaurant sales increasing 5.1% at Burger King(R), decreasing 1.6% at Taco Cabana(R) and decreasing 3.0% at Pollo Tropical(R). Based upon first quarter 2009 revenues, the Company preliminarily anticipates net income for the first quarter of 2009 to be $4.5 million to $5.0 million, compared to $1.4 million in the first quarter of 2008, and diluted earnings per share to be $0.21 to $0.23 compared to $0.07 per diluted share in the year-ago period.

FYI - About Carrols
We are one of the largest restaurant companies in the United States, operating three restaurant brands in the quick-casual and quick-service segments with approximately 560 company owned and operated restaurants, and 26 franchised restaurants in the United States, Puerto Rico and Ecuador.

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