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Pollo Tropical® introduces a new line of Cuban Pressed Sandwiches, celebrating the iconic Cuban sandwich culture in Florida. The launch includes five varieties: Original Cuban, Crispy Chicken Cuban, Grilled Chicken Cuban, El Clásico, and Pan con Lechón. Chief Marketing Officer Hope Diaz emphasizes their commitment to quality ingredients and affordability. The sandwiches are available through various ordering options, including mobile pick-up and delivery, enhancing customer convenience. This initiative aims to broaden the restaurant's appeal and drive sales in the competitive quick-service market.
Fiesta Restaurant Group, Inc. (NASDAQ: FRGI) reported third-quarter results for 2020, with Pollo Tropical's comparable sales improving from -31.6% in Q2 to -11.1% in Q3, while Taco Cabana's sales rose from -19.2% to -14.2%. Notably, these improvements occurred despite dining room closures due to COVID-19. The company also reduced total debt by $14 million to $42 million and net revolver debt by $21 million to $27 million. Fiesta plans to explore refinancing options and is preparing for a conference call on November 4, 2020, to discuss results further.
Taco Cabana is celebrating National Taco Day on October 4 by offering a selection of tacos for just $1. Available options include classic bean and cheese, shredded chicken, and ground beef tacos. This promotional deal can be accessed in-restaurant, through the drive-thru, via mobile orders through the MyTC! App, or for curbside pick-up.
Founded in 1978, Taco Cabana specializes in Tex-Mex cuisine and operates 145 company-owned locations across Texas, under the Fiesta Restaurant Group, which also includes Pollo Tropical.