Carrols Restaurant Group, Inc. Reports Financial Results for the Third Quarter of 2010

SYRACUSE, N.Y., Nov 09, 2010 (BUSINESS WIRE) -- Carrols Restaurant Group, Inc. /quotes/comstock/15*!tast/quotes/nls/tast (TAST 7.07, +0.04, +0.57%) , the parent company of Carrols Corporation, today announced financial results for the third quarter ended October 3, 2010.

Highlights for the third quarter of 2010 versus the third quarter of 2009 include:
Net income of $4.6 million, or $0.21 per diluted share (including a pre-tax insurance gain of $0.4 million, or $0.01 per diluted share after tax), compared to net income of $5.6 million, or $0.26 per diluted share (including a pre-tax gain on the sale of excess property of $0.2 million, or $0.01 per diluted share after tax); Total revenues increased to $201.6 million from $201.2 million, with a 4.0% increase in revenues for the Company's Hispanic Brands; and Comparable restaurant sales increased 8.8% at Pollo Tropical(R), increased 1.0% at Taco Cabana(R) and decreased 3.2% at Burger King(R);

Read More: