News

Fiesta Restaurant Group posts positive Q4 and FY 2014 results

Pollo Tropical's comps rose 6.6 percent in 2014, while Taco Cabana posted a 3.3 percent increase.

February 20, 2015

Fiesta Restaurant Group Inc, parent company of the Pollo Tropical, Taco Cabana, and Cabana Grill fast-casual restaurant brands, has reported results for the fourth quarter and full year 2014, which ended on Dec. 28.

Highlights of fourth quarter 2014 results include:

• Total revenues increased 14.7 percent to $156.2 million;
• Comparable restaurant sales increased 7.7 percent and comparable guest traffic increased 3.8 percent at Pollo Tropical;
• Comparable restaurant sales increased 6.1 percent and comparable guest traffic increased 1.6 percent at Taco Cabana;
• Six Company-owned and operated restaurants were opened, including five Pollo Tropical restaurants and one Cabana Grill restaurant.

Highlights of full year 2014 results include:

• Revenues increased 10.8 percent to $611.1 million;
• Comparable restaurant sales increased 6.6 percent and comparable guest traffic increased 4.6 percent at Pollo Tropical;
• Comparable restaurant sales increased 3.3 percent and comparable guest traffic increased 0.1 percent at Taco Cabana;
• 26 Company-owned and operated restaurants were opened, including 22 Pollo Tropical restaurants and four Taco Cabana restaurants, which includes two Cabana Grill restaurants.

Fiesta President and Chief Executive Officer Tim Taft commented in a press release, "We completed another outstanding year at Fiesta and are very proud of our operating and support teams for their accomplishments. Looking ahead to 2015, we are focused on the following: 1) successful new Company-owned restaurant development; 2) effective human capital staffing and training; 3) completing the reimaging of our Taco Cabana system and beginning the reimaging of our Pollo Tropical system; and 4) building our off-premise business. We believe the successful execution of these strategic priorities is critical to achieving our growth objectives over time and we look forward to providing updates on our progress in the coming quarters."