FIESTA RESTAURANT Reports Positive Financial Results for Q2 of 2023
August 15, 2023
☀️Earnings Overview
For the second quarter of fiscal year 2023, FIESTA RESTAURANT ($NASDAQ:FRGI) reported total revenue of USD 106.8 million, an 8.5% rise compared to the same quarter of the previous year. Additionally, net income had a 162.1% year-over-year increase, totaling USD 3.9 million. These figures are for the three months ending June 30, 2023.
Share Price
On Monday, FIESTA RESTAURANT reported positive financial results for Q2 of 2023, with their stock opening at $8.4 and closing at the same price, representing an increase of 6.6% from their previous closing price of $7.9. This marked a significant turn-around for the company, which experienced a considerable decline in profits over the past few quarters. Analysts attribute the positive financial performance to FIESTA RESTAURANT’s focus on improving customer experience and creating innovative dishes. They have also been increasing their promotional efforts directly targeting customers.
In addition, they have been making strategic investments in technology and infrastructure to increase efficiency and reduce costs. The positive financial results from FIESTA RESTAURANT are a strong indication that their strategy is paying off and that their stock is likely to continue its upward trajectory. Investors are optimistic that this trend will continue into the next quarter and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fiesta Restaurant. More…
| Total Revenues | Net Income | Net Margin |
| 403.47 | -5.03 | -1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fiesta Restaurant. More…
| Operations | Investing | Financing |
| 14.94 | -19.12 | -1.15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fiesta Restaurant. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 348.86 | 201 | 5.5 |
Key Ratios Snapshot
Some of the financial key ratios for Fiesta Restaurant are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.0% | -42.9% | -0.7% |
| FCF Margin | ROE | ROA |
| -1.4% | -1.2% | -0.5% |
Analysis
GoodWhale recently conducted an analysis of FIESTA RESTAURANT and determined that it is a medium risk investment in terms of financial and business aspects. After closely examining the income sheet and balance sheet, our analysts were able to detect two risk warnings involving potential mismanagement of funds and lack of cash flow. These risk warnings are not visible to the general public and can only be accessed by registered GoodWhale users. Therefore, we encourage all potential investors to become registered users and look into these risk warnings before investing in FIESTA RESTAURANT. We understand that any investment carries risks and we believe that it is our responsibility to provide accurate and up-to-date information about the health of a company so our users can make informed decisions. More…
Peers
Fiesta Restaurant Group Inc is a publicly traded company on the Nasdaq under the ticker symbol FRGI. The company, headquartered in Addison Texas, operates and franchises Pollo Campero restaurants and Pollo Loco restaurants. As of December 31, 2015, the company owned, operated and franchised 479 Pollo Campero and Pollo Loco restaurants in the United States, Guatemala, Honduras, Nicaragua, El Salvador, Costa Rica, Panama, Colombia, Ecuador, Peru, and the Dominican Republic. Fiesta Restaurant Group, Inc. was founded in 1971 and is based in Addison, Texas.
Fiesta Restaurant Group’s main competitors are Granite City Food & Brewery Ltd, Restaurant Group (The) PLC, and Global-Dining Inc.
– Granite City Food & Brewery Ltd ($OTCPK:GCFB)
Granite City Food & Brewery Ltd is a brewpub chain with locations throughout the United States. The company was founded in St. Cloud, Minnesota in 1999. As of 2022, the company has a market cap of 5.6M and a Return on Equity of 21.92%. Granite City brews their own beer on site and offers a menu of American fare.
– Restaurant Group (The) PLC ($LSE:RTN)
The Restaurant Group PLC is a holding company that, through its subsidiaries, is engaged in the operation and franchising of restaurants. As of December 31, 2020, the Company operated approximately 500 restaurants and pub restaurants. The Company’s segments include Wagamama, Frankie & Benny’s, Garfunkel’s, Chiquito and Pubs. The Company’s brands include Wagamama, Frankie & Benny’s, Garfunkel’s, Chiquito, Coast to Coast, Firejacks, Joe’s Kitchen, Hubbox, Brunning & Price and TRG Concessions.
– Global-Dining Inc ($TSE:7625)
Global-Dining Inc is a publicly traded company with a market capitalization of 3.19 billion as of 2022. The company operates in the restaurant industry and owns and operates a number of restaurant brands. Global-Dining Inc has a return on equity of 10.65%. The company’s market capitalization and return on equity reflect its strong financial performance and position in the restaurant industry. Global-Dining Inc is a well-run company with a strong financial position and a solid track record of growth.
Summary
FIESTA RESTAURANT recently reported strong financial results for the second quarter of the fiscal year 2023, with total revenue rising 8.5% year-over-year to USD 106.8 million and net income surging 162.1% to USD 3.9 million. This positive news caused a surge in FIESTA RESTAURANT’s stock price. Investors should be encouraged by these strong financial results and consider investing in FIESTA RESTAURANT as it appears to be a very attractive growth opportunity. The company’s improving financials suggest that it is in a great position to capitalize on the current market and continue its growth trajectory in the future.
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