CARROLS RESTAURANT GROUP, INC.

(TAST)
  Report
Real-time Estimate Cboe BZX  -  05/25 01:19:48 pm EDT
1.470 USD   +7.30%
05/12CARROLS RESTAURANT GROUP, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
AQ
05/12TRANSCRIPT : Carrols Restaurant Group, Inc., Q1 2022 Earnings Call, May 12, 2022
CI
05/12CARROLS RESTAURANT : Q1 Earnings Snapshot
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Carrols Restaurant Group, Inc. Announces Retirement of Chairman and CEO by June 30, 2022

09/23/2021 | 04:31pm EDT

SYRACUSE, N.Y., Sept. 23, 2021 (GLOBE NEWSWIRE) -- Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq: TAST) announced today that Daniel T. Accordino, the Company’s Chairman, Chief Executive Officer and President, will be retiring as CEO and President by June 30, 2022. He will also be stepping down as Chairman and as a member of the Board of Directors at or prior to the effective time of his retirement. The Carrols Board is conducting a comprehensive search to identify a new CEO and is engaging a leading executive search firm to assist in the process.

Mr. Accordino, 71, has been the Chief Executive Officer of the Company since January 1, 2012 and Chairman of the Board since January 1, 2015. An employee of the Company since 1972, Mr. Accordino has served in a variety of senior leadership positions, including as President since February 1993, Chief Operating Officer from February 1993 to December 2011, and Executive Vice President - Operations from December 1986 to February 1993.

“With Carrols well positioned for continued success, I believe now is the right time – both for me and Carrols – to begin a transition to the next generation of leadership,” stated Mr. Accordino. “I look forward to continuing to work with the Board and our dedicated management team over the next nine months to identify an exemplary leader for our business and ensure a successful transition.”  

“On behalf of the Board, I would like to thank Dan for his 50 years of dedicated service to Carrols. Dan has been instrumental in helping transform Carrols from a regional quick service restaurant chain to the largest BURGER KING® franchisee in the United States,” said David Harris, a member of the Carrols Board. “The Board is committed to finding a world-class successor for Dan and is grateful to have his continued leadership and guidance throughout the succession planning and transition process.”

About the Company

Carrols is one of the largest restaurant franchisees in North America. It is the largest BURGER KING® franchisee in the United States, currently operating 1,027 BURGER KING® restaurants in 23 states as well as 65 POPEYES® restaurants in seven states. Carrols has operated BURGER KING® restaurants since 1976 and POPEYES® restaurants since 2019. For more information, please visit the Company's website at www.carrols.com.

Forward-Looking Statements

Except for the historical information contained in this news release, the matters addressed are forward-looking statements. Forward-looking statements, written, oral or otherwise made, represent Carrols' expectation or belief concerning future events. Without limiting the foregoing, these statements are often identified by the words "may", "might", "believes", "thinks", "anticipates", "plans", "expects", "intends" or similar expressions. In addition, expressions of our strategies, intentions, plans or guidance are also forward-looking statements. Such statements reflect management's current views with respect to future events and are subject to risks and uncertainties, both known and unknown. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond our control. Investors are referred to the full discussion of risks and uncertainties, including without limitation the impact of COVID-19 on Carrols’ business, as included in Carrols' filings with the Securities and Exchange Commission.

Investor Relations:
Raphael Gross
203-682-8253
investorrelations@carrols.com


Primary Logo


© GlobeNewswire 2021
All news about CARROLS RESTAURANT GROUP, INC.
05/12CARROLS RESTAURANT GROUP, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDI..
AQ
05/12TRANSCRIPT : Carrols Restaurant Group, Inc., Q1 2022 Earnings Call, May 12, 2022
CI
05/12CARROLS RESTAURANT : Q1 Earnings Snapshot
AQ
05/12Earnings Flash (TAST) CARROLS RESTAURANT GROUP Posts Q1 Loss $-0.34, vs. Street Est of ..
MT
05/12Earnings Flash (TAST) CARROLS RESTAURANT GROUP Reports Q1 Revenue $399.5M, vs. Street E..
MT
05/12Carrols Restaurant Group, Inc. Reports Earnings Results for the First Quarter Ended Apr..
CI
05/12Carrols Restaurant Group, Inc. Reports Financial Results for the First Quarter 2022
AQ
05/12NORTH AMERICAN MORNING BRIEFING : Stocks Seen -3-
DJ
04/28Carrols Restaurant Group, Inc. to Announce First Quarter 2022 Financial Results on May ..
AQ
04/04CARROLS RESTAURANT GROUP, INC. : Change in Directors or Principal Officers, Financial Stat..
AQ
More news
Analyst Recommendations on CARROLS RESTAURANT GROUP, INC.
More recommendations
Financials (USD)
Sales 2022 1 693 M - -
Net income 2022 -41,3 M - -
Net Debt 2022 435 M - -
P/E ratio 2022 -2,54x
Yield 2022 -
Capitalization 70,4 M 70,4 M -
EV / Sales 2022 0,30x
EV / Sales 2023 0,27x
Nbr of Employees 15 938
Free-Float 58,9%
Chart CARROLS RESTAURANT GROUP, INC.
Duration : Period :
Carrols Restaurant Group, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CARROLS RESTAURANT GROUP, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1,37 $
Average target price 3,50 $
Spread / Average Target 155%
EPS Revisions
Managers and Directors
Paulo A. Pena President, Chief Executive Officer & Director
Anthony E. Hull Chief Financial Officer, Treasurer & VP
David S. Harris Non-Executive Chairman
Nathan Mucher Chief Information Officer
Hannah Stone Craven Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CARROLS RESTAURANT GROUP, INC.-53.72%70
MCDONALD'S CORPORATION-8.79%180 834
CHIPOTLE MEXICAN GRILL INC.-27.55%35 418
YUM BRANDS-18.03%32 529
YUM CHINA HOLDINGS, INC.-19.04%17 005
RESTAURANT BRANDS INTERNATIONAL INC.-17.22%15 510