Carrols Restaurant Group, Inc. Reports Preliminary Sales Results for the Fourth Quarter and Full Year 2021
Preliminary Sales Results for the 13-Week Fourth Quarter of 2021 versus the 14-Week Fourth Quarter of 2020
- Total restaurant sales were
$416.1 million in the fourth quarter of 2021. Total restaurant sales were$420.5 million in the fourth quarter of 2020, which included a$28.4 million contribution from the 14th week in 2020; - Comparable restaurant sales for the Company's Burger King® restaurants increased 7.4% (October +5.0%, November +9.7%, December +8.3%); and
- Comparable restaurant sales for the Company’s Popeyes® restaurants increased 1.0%.
Preliminary Sales Results for the 52-Week Full Year of 2021 versus the 53-Week Full Year of 2020
- Total restaurant sales were
$1,652.4 million in the full year of 2021. Total restaurant sales were$1,547.5 million in the prior year, which included a$28.4 million contribution from the 53rd week in 2020; - Comparable restaurant sales for the Company's Burger King® restaurants increased 9.1%; and
- Comparable restaurant sales for the Company’s Popeyes® restaurants decreased 1.9%.
Management Commentary
ICR Conference Participation
Carrols will participate in a virtual fireside chat at the 24th Annual
About the Company
Carrols is one of the largest restaurant franchisees in
Forward-Looking Statements
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, including the impact of COVID-19 on Carrols’ business, as included in Carrols' filings with the
Investor Relations:
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Source: Carrols Restaurant Group, Inc.