Carrols Restaurant Group, Inc. (TAST) has appointed Carl Hauch as its new Chief Operating Officer, effective February 15, 2021. Hauch brings extensive experience in managing restaurant operations, previously serving as President and CEO of NPC International's Wendy's division. His leadership is expected to enhance the management of over 1,000 Burger King and Popeyes restaurants across 23 states. CEO Daniel T. Accordino expressed confidence in Hauch's abilities to drive balanced growth strategies for the company.
Carrols Restaurant Group (TAST) reported preliminary sales results for Q4 and the full year 2020. Total restaurant sales rose 5.8% in Q4 to $420.5 million, while annual sales increased 6.5% to $1,547.5 million. However, comparable sales declined for both Burger King (down 0.9% in Q4) and Popeyes (down 12.9% in Q4). The company also announced a revised development agreement with Burger King, reducing remodel commitments, but retaining acquisition rights for up to 500 locations. Carrols repurchased 1.5 million shares for $10.0 million during Q4.
Carrols Restaurant Group, Inc. (Nasdaq: TAST), the largest BURGER KING® franchisee in the U.S., will host a conference call on November 5, 2020, at 8:30 AM ET to discuss its third quarter 2020 financial results. The financial results press release will be published at 7:00 AM ET on the same day. Investors can access the call by dialing 201-493-6725 or through a webcast on the company’s Investor Relations page.
Carrols operates approximately 1,092 restaurants, including 1,027 BURGER KING® locations and 65 POPEYES® restaurants.