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Carrols Company profile

About Carrols Restaurant Group Inc

Carrols Restaurant Group, Inc. is a restaurant company. The Company is engaged in operating Burger King restaurants. The Company operates approximately 1,029 Burger King restaurants in 23 Northeastern, Midwestern, Southcentral and Southeastern states and 65 Popeyes restaurants in seven Southeastern states. Burger King restaurants features Whopper sandwich, as well as a variety of hamburgers, chicken and other specialty sandwiches, french fries, salads, breakfast items, snacks, soft drinks and other offerings. Popeyes Restaurants are quick-service restaurants offering a limited menu of lunch and dinner products, and in certain restaurants breakfast products. Its menu features a fried chicken sandwich, spicy chicken, chicken tenders, biscuits, fried shrimp and other seafood, red beans and rice and other quick-service menu items.

Financial summary

BRIEF: For the fiscal year ended 02 January 2022, Carrols Restaurant Group Inc revenues increased 7% to $1.65B. Net loss increased 46% to $43M. Revenues reflect Comparable Store Sales Growth -%,Burger increase from -2.8 to 9.1%. Higher net loss reflects Loss on extinguishment of debt increase from $0K to $8.5M (expense), Advertising Expense increase of 8% to $65.4M (expense).

Equity composition

Common Stock $.01 Par, 05/11, 100M auth., 21,632,402 issd., net of Treas. @ $141K. Insiders control approx. 11.69%. IPO 12/15/06, 10M shares @ $13 by Wachovia Capital Markets, LLC, Banc of America Securities LLC, RBC Capital Markets Corporation.