News

Fiesta Restaurant Group reports increases for Q3

Fiesta Restaurant Group, parent company of the Pollo Tropical and Taco Cabana, reported comp growth for both brands in Q3 2014.

November 6, 2014

Fiesta Restaurant Group Inc., parent company of the Pollo Tropical and Taco Cabana, reported comp growth for both brands in Q3 2014.

Comparable restaurant sales increased 5.9 percent and comparable restaurant guest traffic increased 4.6 percent at Pollo Tropical, while comparable restaurant sales increased 3.5 percent and comparable restaurant guest traffic increased 0.9 percent at Taco Cabana.

Nine company-owned and operated restaurants were opened, including seven Pollo Tropical and two Taco Cabana restaurants in Q3.

"We believe our performance is demonstrative of the successful execution of our operational and development strategies and our ability to enhance shareholder value with improved results. During the third quarter, we grew our top-line by double digits through contributions from recent restaurant openings and strong comparable restaurant sales increases, while sales leverage and management initiatives drove robust margin expansion," CEO Tim Taft said in a company press release.