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Del Taco Restaurants, Inc. (NASDAQ: TACO) reported strong fiscal Q2 2021 results, highlighting a 19.5% increase in total revenue to $125.0 million. System-wide comparable restaurant sales grew 17.8%, with net income rising to $6.0 million or $0.16 per diluted share. The company sees promising growth ahead, with plans to open 13 new restaurants in 2021 and an expectation of 5% annual unit growth starting in 2023. A quarterly cash dividend of $0.04 per share is set for August 25, 2021.
Del Taco Restaurants (NASDAQ: TACO) has opened its 10th location in the Sacramento area, specifically in Roseville, California. This new restaurant is the second in Roseville and highlights Del Taco's expansion strategy in Northern California. The menu features new Double Cheese Breakfast Tacos and a range of classic Mexican items. Promotions include a Free Breakfast Taco offer for app users. Del Taco emphasizes fresh ingredients and convenience, serving over three million guests weekly across its 600 locations.
Del Taco (NASDAQ: TACO) has launched three new Double Cheese Breakfast Tacos, enhancing its breakfast menu and offering unique flavors in the quick-service restaurant (QSR) space. The new tacos include options priced at $1 for Egg & Cheese, $1.39 for Hashbrowns & Beef, and $1.69 for Hashbrowns & Bacon. The launch aims to cater to breakfast lovers seeking affordable and flavorful meals as routines normalize. A promotional offer will provide a free breakfast taco for mobile app users with a purchase starting July 22.
Del Taco Restaurants (NASDAQ: TACO) has signed a franchise agreement with Consolidated Taco Holdings to open 12 new locations in Florida's Panhandle. The partnership aims to accelerate Del Taco's growth in the region, benefiting from CTH's proven success in the restaurant industry. CEO Ed Stutz emphasized the strategic alignment and strong unit-level economics of Del Taco, while Jeff Little, Senior VP of Development, highlighted the commitment to operational excellence. Del Taco's unique QSR+ positioning offers significant growth potential for multi-unit operators.
Del Taco Restaurants, Inc. (NASDAQ: TACO) is expanding its presence in the Detroit area with a new location in Taylor, marking the eighth restaurant for local franchisee TEAM Schostak Family Restaurants. This opening brings Del Taco's total in Michigan to ten. The new restaurant will offer a variety of Mexican and American menu items prepared fresh, including vegan options. Del Taco serves over three million customers weekly at approximately 600 locations across 16 states, focusing on high-quality ingredients and value.
Del Taco Restaurants, Inc. (NASDAQ: TACO) is set to announce its fiscal second quarter 2021 financial results on July 22, 2021, after market close. A conference call will be hosted by CEO John D. Cappasola, Jr. and CFO Steven L. Brake at 4:30 p.m. ET. Interested parties can join via telephone or through a webcast available on Del Taco's investor site. Known for its diverse menu that blends Mexican and American cuisine, Del Taco operates approximately 600 locations and serves over three million customers weekly.
Del Taco Restaurants, Inc. (NASDAQ: TACO) has announced the opening of its third Ohio location in Whitehall, expanding its footprint in the Columbus area by 50% in under a year. The new restaurant offers late-night drive-thru service, delivery, and in-app ordering, featuring a menu of quality Mexican favorites made from fresh ingredients. With new signature sauces and limited-time shakes, Del Taco continues to attract customers with its value-driven Del’$ Dollar Deal$ Menu. The company operates approximately 600 restaurants across 16 states, serving over three million guests weekly.
Del Taco Restaurants (NASDAQ: TACO) announced the launch of its Crispy Chicken summer menu, featuring various affordable items amid the ongoing 'Crispy Chicken Wars.' The menu includes four Crispy Chicken Tacos priced at $1 each, three Epic Crispy Chicken Burritos at $5, and a 3 Piece Crispy Chicken & Fries Box for $4. The new offerings also introduce unique flavors such as Honey Mango and Honey Chipotle BBQ. Additionally, Del Taco is launching 'Chocodays' beverages, including an OREO Cookie Horchata Shake and Mexican Chocolate Shake, to complement the summer menu.
Del Taco Restaurants, Inc. (NASDAQ: TACO) has opened a new location in Melbourne, Florida, marking its continued expansion across the southeastern United States. Franchisees Navdeep Bassi and Aman Singh are launching their first Del Taco in Brevard County, contributing to the brand's growth with several new restaurants planned for 2022. The Melbourne outlet will feature drive-thru service, delivery, and in-app ordering, offering a variety of menu items made with quality ingredients. Del Taco emphasizes value through its Del’$ Dollar Deal$ Menu.
Del Taco (NASDAQ: TACO) continues its expansion in Florida, announcing a multi-unit development deal with FreshMex FL LLC, a seasoned operator with 200-plus locations. This partnership aims to increase Del Taco's footprint, particularly in the Tampa metro area. Notably, the company reported a 14.0% increase in systemwide sales at franchise restaurants compared to 2020. As part of its growth strategy, Del Taco is implementing the Fresh Flex design, allowing flexibility in site selection and modernizing its service approach.
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