Del Taco (TACO) earnings on Mon 18 March 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Del Taco misses by $0.01, reports revs in-line; guides FY19 EPS below consensus, revs in-line

• Reports Q4 (Dec) earnings of $0.18 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.19; revenues rose 7.4% year/year to $157.3 mln vs the $157.01 mln S&P Capital IQ Consensus. 
• System-wide comparable restaurant sales growth of 2.5% and company-operated comparable restaurant sales growth of 1.5%, marking the 6th consecutive year of gains; Company-operated comparable restaurant sales growth comprised average check growth of 3.6%, including slightly positive menu mix growth, partially offset by a transaction decrease of 2.1%;
• Co issues guidance for FY19, sees EPS of $0.47-0.52, excluding non-recurring items, vs. $0.58 S&P Capital IQ Consensus; sees FY19 revs of $517-527 mln vs. $518.25 mln S&P Capital IQ Consensus. System-wide comparable restaurant sales growth of low-single digits.