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Carrols Restaurant Group Inc
Carrols Restaurant Group, Inc. (ticker: TAST) is a publicly-traded company that operates as one of the largest restaurant franchises in the United States. The company is based in Syracuse, New York and focuses primarily on the operation and development of Burger King restaurants.
As of 2021, Carrols Restaurant Group operates more than 1,000 Burger King restaurants across the United States, primarily located in the Midwest, Northeast, and Eastern regions of the country. The company has a strong track record of growth, having expanded its store base through both new construction and acquisitions.
In terms of financial performance, Carrols Restaurant Group has generally reported consistent revenue growth in recent years. In 2020, the company reported total revenue of approximately $1.2 billion, representing a slight decrease from the previous year due to the impact of the COVID-19 pandemic. However, the company has since rebounded and reported strong revenue growth in the first half of 2021, with total revenue of $633.2 million in the first six months of the year, representing an increase of 15.5% compared to the same period in 2020.
Carrols Restaurant Group has also reported consistent growth in earnings per share (EPS) over the past several years. In 2020, the company reported EPS of $0.28, down from $1.10 in 2019 due to the impact of the pandemic. However, the company has since recovered and reported EPS of $0.79 in the first quarter of 2021, representing a significant increase from the same period in the previous year.
One potential area of concern for Carrols Restaurant Group is its relatively high level of debt, which stood at approximately $365 million as of the end of 2020. However, the company has taken steps to reduce its debt levels in recent years, including the sale of non-core assets and the issuance of new debt at lower interest rates.
Overall, Carrols Restaurant Group has demonstrated a strong track record of growth and financial performance, making it an attractive investment option for those interested in the restaurant and fast food industries.