SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) reported that its net income fell to $2.8 million, or 6 cents a share, in the third quarter ending Oct. 1, from $4.5 million, or 10 cents, in the year-ago period.
Excluding one-time items such as acquisition and lease charges, Carrols posted net income of $3.5 million, or 8 cents a share, compared to adjusted net income of $5.7 million, or 13 cents per share, in the prior year period.
The company pointed to higher beef prices and employee costs as factors in the lower profit.
(Sponsored)
Mergers and Acquisitions of Architectural and Engineering Firms
The pace of mergers and acquisitions (M&A) in the Architectural and Engineering (A/E) industry is at an all-time high, driven by firms seeking new opportunities for growth. From 2023 to
Can a Generative AI Use Policy for the Workplace Help Protect Sensitive Data?
Artificial intelligence is a buzzword for many industries. It has good and bad effects on the future of creating content, finding information, and other uses. So, what does this mean
Syracuse–based Carrols is the world’s largest Burger King franchisee. Carrols owned and operated 798 Burger King restaurants at the end of the third quarter.
Contact Reinhardt at ereinhardt@cnybj.com
(Photo by Eric Reinhardt / BJNN)
