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Del Friscos Restaurant Group Inc
Del Frisco's Restaurant Group, Inc. (DFRG) is a US-based company that operates upscale, full-service restaurants under three brands: Del Frisco's Double Eagle Steakhouse, Del Frisco's Grille, and Sullivan's Steakhouse. The company's stock is traded on the NASDAQ stock exchange under the ticker symbol "DFRG".
Here is some general information about the company, focusing on its revenue and growth:
1. Revenue: In 2020, Del Frisco's Restaurant Group reported total revenue of $167.4 million, down from $395.1 million in 2019. The significant decrease in revenue was primarily due to the negative impact of the COVID-19 pandemic on the company's operations.
2. Net Income: In 2020, the company reported a net loss of $75.9 million, compared to a net income of $12.3 million in 2019. The significant net loss in 2020 was also attributed to the COVID-19 pandemic, which resulted in temporary closures of the company's restaurants and reduced customer traffic.
3. Earnings Per Share (EPS): Del Frisco's Restaurant Group reported a loss per share of $6.33 in 2020, compared to earnings per share of $0.94 in 2019.
4. Growth: Prior to the COVID-19 pandemic, Del Frisco's Restaurant Group had been experiencing steady growth. In 2019, the company reported a 5.5% increase in total revenue compared to 2018. However, the pandemic had a significant impact on the company's growth and financial performance in 2020.
It's important to note that the COVID-19 pandemic had a significant impact on the restaurant industry as a whole, and Del Frisco's Restaurant Group was not immune to these challenges. As the economy continues to recover from the pandemic, it remains to be seen how Del Frisco's Restaurant Group will perform in the coming years. Potential investors should carefully consider the company's financial performance, as well as the broader industry trends, before making an investment decision.