Fiesta Restaurant Group sees delivering EPS growth of 20% or more in 2013

theflyonthewall.com

Sees delivering EPS growth of 20% or greater in 2013 compared to 2012 adjusted EPS of 60c, two estimates 75c. Other FY13 guidance includes: Comparable restaurant sales growth of 3% to 5% for Pollo Tropical; Comparable restaurant sales growth of 3% to 4% for Taco Cabana; Cost of sales as a percent of restaurant sales will be approximately even with the prior year, as commodity cost inflation is expected to be offset by pricing and operating initiatives; An effective tax rate of 32% to 34%, including the impact of the reinstatement of the Work Opportunity Tax Credits for 2012 and 2013; Capital expenditures of approximately $45 to $50 million. Fiesta has also established a long-term goal of earnings per share growth in excess of 20%.

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