Welcome to our dedicated page for Berto Acquisition news (Ticker: TACO), a resource for investors and traders seeking the latest updates and insights on Berto Acquisition stock.
Berto Acquisition Corp. (NASDAQ: TACO) generates news primarily through its activities as a special purpose acquisition company. Public updates focus on its efforts to identify and negotiate a potential business combination with an operating business, as well as related regulatory and shareholder communications. Because Berto is a blank check company, news items often center on transaction milestones rather than ongoing operating results.
A key recent development disclosed in both a Form 8-K and a joint press release is Berto’s non-binding letter of intent with OnMed LLC, a developer of healthcare infrastructure solutions. The announcement describes a potential business combination between Berto and OnMed and notes that the combined company is expected to be publicly listed if a definitive agreement is executed and the transaction is completed. The same disclosures emphasize that the letter of intent is non-binding and that there can be no assurances a definitive agreement will be reached or that any transaction will close.
News related to Berto often includes details about regulatory steps, such as the potential preparation of a registration statement and proxy statement/prospectus if a definitive agreement is signed. Coverage may also highlight information about how any proposed transaction would be presented to shareholders, what approvals are required, and how forward-looking statements are framed in accordance with securities laws.
For investors and observers tracking TACO news, this page provides a centralized view of company-issued announcements and SEC-referenced press releases. It is particularly useful for monitoring progress on the non-binding letter of intent with OnMed and for seeing how Berto communicates transaction terms, conditions, and risks over time.
Del Taco Restaurants, Inc. (NASDAQ: TACO) reported fiscal Q1 2021 results showing significant recovery. Total revenue reached $115.5 million, up 5.2% year-over-year. System-wide comparable restaurant sales increased 9.1%, with franchise sales up 14.0%. Net income improved to $2.6 million or $0.07 per diluted share, contrasting with a net loss of $102.5 million in the same quarter last year. Adjusted EBITDA rose to $11.6 million, a 33.4% increase. The company also expanded its footprint with new restaurant openings and has authorized a $0.04 quarterly dividend.
Del Taco (NASDAQ: TACO) has launched the new Crunchtada lineup, featuring the Queso Beef and Chicken Guacamole Crunchtadas, to satisfy fans disappointed by the absence of a popular Mexican Pizza. This initiative includes a Mexican Pizza Ghosted Support Hotline at 1-877-3-Ghosted for customer engagement and an exclusive promo code for a Buy One, Get One Free deal. The new offerings highlight Del Taco's commitment to quality and variety, aligning with its QSR+ positioning. The promo is valid through May 20, 2021, showcasing Del Taco's focus on customer satisfaction.
Del Taco Restaurants, Inc. (NASDAQ: TACO) will release its fiscal first quarter 2021 financial results on April 29, 2021, after market close. The conference call, led by President and CEO John D. Cappasola, Jr., and CFO Steven L. Brake, is scheduled for 4:30 p.m. ET. Interested participants can listen in by dialing 201-689-8471. A replay will be available post-call. Del Taco operates approximately 600 restaurants across 16 states, serving over three million guests weekly, offering a diverse menu of Mexican and American favorites.
Del Taco, the second largest Mexican quick service restaurant chain in the U.S., announces robust growth as of April 1, 2021. The company has sustained its eighth consecutive year of positive franchise same-store sales growth, showcasing a significant increase in Q3 (6.5%) and Q4 (7.5%) of 2020. Del Taco is also expanding through new franchise agreements in key markets like South Carolina and Georgia, leveraging the new Fresh Flex prototype design for enhanced accessibility and operational efficiency. Their commitment to quality ingredients attracts over three million guests weekly across approximately 600 locations.
Del Taco Restaurants (NASDAQ: TACO) has opened a new location in Truth or Consequences, New Mexico, marking the 12th outlet in the state. Franchisee Dennis Ekstrom stated it will provide fresh signature dishes and job opportunities for the local community. The restaurant features late-night drive-thru service and a menu with quality ingredients, including vegan options. Promotions include limited-time Honey Chipotle BBQ items and value selections on the Del’$ Dollar Deal$ Menu®. The store is actively hiring to strengthen its workforce.
Del Taco Restaurants (NASDAQ: TACO) has reintroduced its Poppers beverages, initially launched last summer, now featuring new flavors. The Lemonade Poppers combine Minute Maid ZeroSugar Lemonade with blueberry or peach popping pearls, while Mini Shake Poppers mix these flavors into a classic vanilla shake. Available for a limited time, Del Taco’s Poppers aim to capitalize on their previous viral success. A unique launch event included a bubble-inspired experience for fans, highlighting the company's ongoing innovation in the quick-service restaurant sector.
Del Taco (NASDAQ: TACO) is expanding its menu with the introduction of the new Honey Chipotle BBQ sauce, enhancing its crispy chicken offerings. This launch adds to the company's lineup of 11 unique crispy chicken items since July 2020. Featured products include a $1 Honey Chipotle BBQ Crispy Chicken Taco, a $5 Epic Burrito, and $4.49 Loaded Fries. Additionally, in celebration of National Burrito Day on April 1, customers can enjoy a Buy One, Get One Free offer on Epic Burritos. Del Taco aims to attract customers with quality ingredients and innovative flavors.
Del Taco Restaurants, Inc. (NASDAQ: TACO) has opened a new location in Circleville, Ohio, expanding its presence in the state with plans for future growth. This marks the franchisee's second location in Ohio, following the first opened in Bellefontaine in 2020. The Circleville restaurant will offer late-night service, delivery, and a diverse menu that includes new items such as Honey Mango Crispy Chicken tacos and Epic Crispy Fish and Guac Burrito. Del Taco aims to provide high-quality, freshly prepared Mexican and American food, serving around three million customers weekly across 600 locations.
Del Taco Restaurants, Inc. (NASDAQ: TACO) has opened a new location in Spanish Fork, Utah, marking the 33rd restaurant for franchise owners Paul and Jane Hitzelberger. This new establishment features the brand's latest Fresh Flex design and offers 24-hour drive-thru service, delivery, and in-app ordering. Del Taco is known for its fresh ingredients and menu variety, including limited-time offerings like Honey Mango Crispy items. The restaurant also promotes value through its Del’$ Dollar Deal$ Menu. Hiring opportunities are available for interested applicants.
Del Taco (NASDAQ: TACO) reported its fiscal fourth quarter and full-year 2020 results, highlighting a 3.8% increase in system-wide comparable restaurant sales. Total revenue for Q4 was $156.7 million, a 0.2% decline from the previous year, while net income reached $7.5 million, compared to a $114.1 million loss last year. The company expects modest restaurant contribution margin expansion in 2021, despite challenges like 6% labor inflation due to California wage laws. A quarterly dividend of $0.04 per share was initiated, indicating confidence in future performance.
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