SYRACUSE, N.Y.--(BUSINESS WIRE)--Oct. 8, 2018--
Carrols Restaurant Group, Inc. (“Carrols” or the “Company”)
(Nasdaq:TAST) announced that it has recently completed the acquisition
of a total of 43 BURGER KING® restaurants as follows:
On August 21, 2018, the Company completed the acquisition of two
BURGER KING® restaurants in Detroit, MI;
On September 5, 2018, the Company completed the acquisition of 31
BURGER KING® restaurants in Virginia (30 restaurants) and in West
Virginia (1 restaurant); and
On October 2, 2018, the Company completed the acquisition of 10 BURGER
KING® restaurants in South Carolina (8 restaurants) and in Georgia (2
The Company also reported that restaurant sales for the third quarter of
2018 totaled $296.9 million, an increase of 4.1% from $285.2 million in
the third quarter of 2017. Comparable restaurant sales increased 1.6% in
the third quarter of 2018 compared to an increase of 7.5% in the prior
year quarter. Carrols also indicated that comparable restaurant sales
were negatively impacted by approximately (0.5%) due to Hurricane
About the Company
Carrols is the largest BURGER KING® franchisee in the United States with
848 restaurants as of October 5, 2018 and has operated BURGER KING®
restaurants since 1976. For more information on Carrols, please visit
the company's website at www.carrols.com.
Except for the historical information contained in this news release,
the matters addressed are forward-looking statements. Forward-looking
statements, written, oral or otherwise made, represent Carrols'
expectation or belief concerning future events. Without limiting the
foregoing, these statements are often identified by the words "may",
"might", "believes", "thinks", "anticipates", "plans", "expects",
"intends" or similar expressions. In addition, expressions of our
strategies, intentions, plans or guidance are also forward-looking
statements. Such statements reflect management's current views with
respect to future events and are subject to risks and uncertainties,
both known and unknown. You are cautioned not to place undue reliance on
these forward-looking statements as there are important factors that
could cause actual results to differ materially from those in
forward-looking statements, many of which are beyond our control.
Investors are referred to the full discussion of risks and uncertainties
as included in Carrols' filings with the Securities and Exchange
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Source: Carrols Restaurant Group, Inc.
Carrols Restaurant Group, Inc.