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Del Taco stock falls, company blames Q1 miss on weather, delayed Lent

Claudia Assis

Shares of Del Taco Restaurants Inc. fell nearly 6% in the extended session Monday after the fast-food chain missed profit expectations, saying its comparable-restaurant sales and transactions were "adversely impacted" by bad weather in California and throughout the West as well as a delayed Lenten season. Del Taco earned $1.4 million, or 4 cents a share, in the quarter, compared with $3.2 million, or 8 cents a share, in the year-ago quarter. Adjusted for one-time items, Del Taco earned $1.7 million, or 4 cents a share. Revenue rose 1.5% to $114.2 million. Analysts polled by FactSet had expected adjusted earnings of 6 cents a share on sales of $114.2 million.