Soco54
4 년 전
"Total revenues increased 5.2% for the twelve weeks ended March 23, 2021 to $115.5 million compared to $109.8 million for the twelve weeks ended March 24, 2020. The increase is primarily due to an increase in company-operated and franchise-operated same store sales.
•For the twelve weeks ended March 23, 2021, system-wide same store sales increased 9.1%, company-operated same store sales increased 4.9% and franchise-operated same store sales increased 14.0%." (pg 19 of last quarterly)
Also insider buying today. Seems cheap and lots of potential
https://www.otcmarkets.com/filing/html?id=14919596&guid=DClUkn8STt340yh
whytestocks
4 년 전
Breaking News: $TACO Del Taco Restaurants, Inc. Reports Fiscal Third Quarter 2020 Financial Results
Del Taco Restaurants, Inc. (“Del Taco” or the “Company”), (NASDAQ:TACO), the second largest Mexican-American quick service restaurant chain by units in the United States, today reported fiscal third quarter 2020 financial results for the 12-week period ending...
In case you are interested TACO - Del Taco Restaurants, Inc. Reports Fiscal Third Quarter 2020 Financial Results
protagonist12
10 년 전
LAKE FOREST, Calif.--(BUSINESS WIRE)--
Del Taco Holdings, Inc. ("Del Taco" or the "Company") and Levy Acquisition Corp. ("LAC") (NASDAQ CM:LEVY, LEVYW, and LEVYU) announced today that Del Taco has closed its previously announced recapitalization, in advance of the planned acquisition of the Company by LAC. Restaurateur Larry Levy, the CEO and Chairman of the Board of LAC, together with his family and a group of new investors have made a private investment of $120 million in the common stock of Del Taco and now own approximately 46% of Del Taco. Mr. Levy has assumed the Chairmanship of Del Taco while Ari Levy and Steve Florsheim, both officers and directors of LAC, have also joined the Del Taco Board of Directors.
With the completion of the recapitalization, Del Taco has eliminated its subordinated debt and reduced its total debt along with the associated cost of borrowing.
Paul J.B. Murphy, III, President and Chief Executive Officer of Del Taco, commented, "The recapitalization has strengthened Del Taco financially by significantly deleveraging our Company; I am delighted that this contributed to our recent credit rating upgrades from Moody's Investor Service and Standard & Poor's. With the infusion of new capital, we are well positioned to accelerate the expansion of our brand and make the necessary investments to support our accelerating same store sales growth."
The Company's recapitalization represents the completion of the first step of a two-step process in the merger of a subsidiary of LAC with and into Del Taco, which is expected to be completed in June 2015. In anticipation of that merger, LAC today announced that Patrick Walsh and Eileen A. Aptman would be joining its Board of Directors upon closure of the merger.
Mr. Walsh has a history of involvement in successful investments in publicly traded restaurants including Red Robin Gourmet Burgers, Inc. (RRGB) and Denny's Corporation (DENN). He currently serves as a director of Famous Dave's of America, Inc. (DAVE) and BJ’s Restaurants, Inc. (BJRI). He also operates PW Partners, LLC an affiliate of one of the larger investors assembled by Larry Levy to complete the recapitalization of Del Taco.
Ms. Aptman is the Chief Investment Officer of Belfer Management, LLC ("Belfer") and has served as a director and audit committee member of public and private companies. Affiliates of Belfer are also part of the investors assembled to fund the recapitalization.
Larry Levy, chairman of Del Taco and LAC, added, "We are very pleased that Patrick Walsh and Eileen Aptman will be joining our Board following the merger. They each have experience working with publicly traded restaurant companies and we will benefit from their insights and advice. Their support has been instrumental in positioning LAC for the acquisition of Del Taco this spring."
http://finance.yahoo.com/news/del-taco-holdings-inc-levy-100000189.html
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