Carrols Restaurant Group Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Value
Company profile

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.

Day's Change
-0.15 (-5.77%)
B/A Size
Day's High
Day's Low

Today's volume of 214,984 shares is on pace to be in-line with TAST's 10-day average volume of 247,846 shares.


Coty stock jumps after earnings beat, deal to sell more of its Wella stake to KKR

7:08 am ET November 8, 2021 (MarketWatch)

Shares of Coty Inc. (COTY) shot up 9.6% toward a six-month high in premarket trading Monday, after the consumer beauty company reported better-than-expected fiscal first-quarter revenue and announced a deal to sell off more of its stake in hair care company Wella. Net income for the quarter to Sept. 30 fell to $103.0 million, or 13 cents a share, from $200.6 million, or 24 cents a share, in the year-ago period. Excluding nonrecurring items, the company swung to adjusted earnings per share of 8 cents from a per-share loss of a penny, beating the FactSet consensus of 3 cents. Revenue rose 22.0% to $1.37 billion, matching the FactSet consensus of $1.37, while "like-for-like" (LFL) sales grew 20.6% to beat the company's guidance of "high-teens" percentage growth. For fiscal 2022, the company raised its LFL sales growth outlook to low-to-mid teens growth from low teens growth. Separately, Coty announced an agreement to sell a 4.7% stake in Wella to KKR & Co. Inc. (KKR) in exchange for the redemption of 56% of KKR's remaining convertible preferred shares in Coty. The Wella stake sale would leave Coty with a 25.9% stake in Wella. Once the deal closes, KKR will have a 2.4% ownership stake in Coty. Coty's stock has rallied 8.0% over the past three months through Friday, while the S&P 500 has gained 5.9%.

-Tomi Kilgore


(END) Dow Jones Newswires

November 08, 2021 07:08 ET (12:08 GMT)

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