** charts before earnings **
** charts after earnings **
Del Taco misses by $0.04, reports revs in-line; lowers FY19 EPS and rev guidance
Reports Q3 (Sep) earnings of $0.10 per share, excluding non-recurring items, $0.04 worse than the S&P Capital IQ Consensus of $0.14; revenues rose 2.0% year/year to $120.2 mln vs the $119.27 mln S&P Capital IQ Consensus.
Co issues guidance for FY19, sees EPS of $0.44-0.47 from $0.47-0.52 vs. $0.50 S&P Capital IQ Consensus; sees FY19 revs of $512-515 mln from $517-527 mln vs. $514.26 mln S&P Capital IQ Consensus. System-wide comparable restaurant sales growth of ~1% with franchise outperformance (previously low-single digits).
"We have since experienced an improvement in company-operated sales and transaction trends during the fourth quarter as we continue to activate and embed our transaction driving initiatives. Specifically, we have made great progress against our digital transformation following the late third quarter launch of Postmates in substantially all company-operated restaurants along with ramping up the Del App to over 800,000 registered users."
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