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Del Taco Restaurants has made significant strides in expanding its franchise operations, signing seven development agreements this year, totaling 53 new restaurants across six states. Fiscal Q3 2021 saw total revenue of $124.3 million, a 2.9% increase from the previous year, with system-wide comparable restaurant sales up 1.8%. However, net income decreased to $3.8 million, or $0.10 per diluted share, down from $5.8 million, or $0.15 per diluted share, in Q3 2020. The company also launched a new loyalty app, Del Yeah! Rewards, aimed at enhancing customer engagement and sales.
Del Taco Restaurants, Inc. (NASDAQ: TACO) announced a partnership with REEF to enhance delivery services through delivery-only restaurants. This collaboration aims to expand Del Taco's reach in high-demand urban areas, starting with the Mid City area of Los Angeles. By utilizing REEF's delivery kitchen model, Del Taco seeks to improve brand accessibility and convenience for its customers. CEO John Cappasola highlighted the initiative's potential to increase brand awareness and delivery growth.
Del Taco Restaurants (NASDAQ: TACO) announces a franchise agreement with Ram Restaurants Inc. to open five locations in North Carolina's Raleigh and Durham areas, marking the brand's debut in the state. This follows a recent development agreement for Southern Virginia, demonstrating Del Taco's focus on expansion in the Southeastern U.S. The company highlights strong consumer demand and growth potential in the region, seeking multi-unit operators as partners. Del Taco operates around 600 restaurants and serves over three million customers weekly, emphasizing fresh ingredients and quality food.
Del Taco Restaurants, Inc. (NASDAQ: TACO) will announce its fiscal third quarter 2021 financial results on October 14, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET the same day, hosted by CEO John D. Cappasola, Jr. and CFO Steven L. Brake. Interested parties can join via telephone or listen to the webcast available on deltaco.com. Del Taco operates approximately 600 restaurants across 16 states, serving Mexican and American favorites prepared fresh with quality ingredients.
Del Taco Restaurants (NASDAQ: TACO) has partnered with Feel Good Brands to open three new locations on the Las Vegas Strip. This multi-unit deal aims to capture the tourist market and enhance Del Taco's presence in the area, where it already operates nearly 40 restaurants. Feel Good Brands, known for its operational excellence in casino food courts, sees Del Taco as a perfect fit for its clientele, emphasizing quick, quality meals. This collaboration underscores Del Taco's growth potential in the quick-service restaurant sector.
Del Taco Restaurants (NASDAQ: TACO) has launched its new loyalty app, Del Yeah! Rewards, designed to enhance consumer engagement and satisfaction. Developed in partnership with Cheetah Digital, the app offers a tiered rewards system allowing members to earn points based on their purchases. New users receive two free tacos upon joining and can progress through four tiers—Queso, Scorcho, Inferno, and Epic—unlocking exclusive rewards and bonuses. This initiative aims to improve customer retention and enhance the overall dining experience.
Del Taco Restaurants (NASDAQ: TACO) has announced a franchise agreement to open 10 new units in Virginia, marking its expansion into the 17th state. Franchisees Bharat Patel and Steve Kissel of Virginia Taco, LLC will introduce the brand in cities like Virginia Beach and Chesapeake. This move aligns with Del Taco's strategy to enhance its presence in the Southeast as indicated by SVP of Development Jeff Little. Del Taco is actively seeking more multi-unit operators for further growth, particularly in the Carolinas and surrounding regions.
Del Taco Restaurants (NASDAQ: TACO) announced the addition of 10 new locations across Florida’s East Coast in collaboration with franchisees. This expansion follows the successful opening of their first outlet in Melbourne in May 2021. The franchisee group, led by Aman Singh, now has exclusive rights to operate in Indian River, Brevard, and Volusia counties. Del Taco's unique positioning in the fast-food sector presents growth opportunities for multi-unit operators. The company aims to attract more franchisees to open new locations across the U.S.
Del Taco Restaurants (NASDAQ: TACO) has announced a franchise partnership with Bangars Management to open five new restaurants in Fresno, California. Led by Prabh Singh and Mandeep Bangar, the duo brings over 35 years of experience in the restaurant industry. This collaboration will also introduce Del Taco's new Fresh Flex design in the region. Del Taco's unique positioning within the Mexican quick-service segment showcases significant growth opportunities for multi-unit operators.
Del Taco (NASDAQ: TACO) has launched three new Stuffed Quesadilla Tacos, enhancing its menu with cheesy and flavorful options available nationwide. Priced at $1.99 for Grilled Chicken, $2.29 for Crispy Chicken, and $2.99 for Carne Asada, these tacos offer a unique marriage of quesadilla and taco experiences. Customers can also add fresh, house-made guacamole. The introduction coincides with a seasonal lineup of caramel-flavored beverages, showcasing Del Taco's commitment to innovation and flavor in the fast-casual dining space.