Carrols Restaurant Group, Inc. Reports Financial Results for the Second Quarter 2019
Carrols Restaurant Group, Inc. (TAST)
Last carrols restaurant group, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
investor.carrols.com/investor-relations
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Source: Business Wire
Acquires 233 Restaurants in Quarter as Part of Expansion StrategyBoard of Directors Authorizes $25 Million Stock Repurchase Program SYRACUSE, N.Y.--(BUSINESS WIRE)--Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) today reported financial results for the second quarter ended June 30, 2019. Carrols also announced that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase up to $25 million of its outstanding common stock and that it has revised its annual guidance.Carrols owned and operated 1,023 Burger King® restaurants and 58 Popeyes® restaurants in 23 states on June 30, 2019. On April 30, 2019, the Company completed its merger with Cambridge Franchise Holdings, LLC (“Cambridge”) which resulted in Carrols acquiring 165 additional Burger King® and 55 Popeyes® restaurants in 10 Southeastern states. On June 11, 2019, the Company completed the acquisition of 13 Burger King® restaurants in the Baltimore, Marylan
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