Del Taco (TACO) reported earnings on Tue 16 Oct 2018 (a/h)

** charts before earnings **

** charts after earnings **

 

Del Taco beats by $0.01, misses on revs; guides FY18 EPS below consensus, revs below consensus 

• Reports Q3 (Sep) earnings of $0.15 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.14; revenues rose 6.2% year/year to $117.83 mln vs the $119.84 mln S&P Capital IQ Consensus. Comparable restaurant sales increased 1.4% system-wide, resulting in a 5.5% increase on a two-year basis.
• Co issues downside guidance for FY18, sees EPS of ~$0.53-0.56, excluding non-recurring items, vs. $0.61 S&P Capital IQ Consensus; sees FY18 revs of $504-507 mln vs. $511.68 mln S&P Capital IQ Consensus.
  • System-wide same store sales growth of approximately 3% (previously 2% to 4%);