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Fiesta Restaurant Group, Inc. (FRGIV) Message Board

  • lookinmoney lookinmoney Mar 1, 2013 6:40 AM Flag

    Great earnings

    Things going very well.Strong growth with increasing profit means $$$$. 14 to 17 stores this year and probably 23 to 25 in 2014 with franchises heating up overseas.

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    • Store comps were strong at Pollo Tropical and even Taco Cabana did pretty good. In addition to int'l franchises (I think they said 10 for 2013?) they indicated on the conf call that they are in current discussions with people to franchise domestically in special locations like airports. They are currently still trying to organize their company post-spinoff and streamline operations at the restaurants. They estimate this may take about another 1 1/2 years at which point they will start looking to domestic franchising in standard locations.

23.075-1.335(-5.47%)1:03 PMEDT