<p>Del Taco (NASDAQ: TACO) results for fiscal fourth quarter 2019 have TACO stocks after Wednesday. This follows the fast food company’s filing including adjusted earnings per share (EPS) of 18 cents on revenue of $ 157.1 million. These are mixed results alongside Wall Street estimates of 17 cents per share and revenue of $ 157.32 million.
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Let us now take a closer look at the latest Del Taco results report.
Adjusted earnings per share for the quarter will be the same as in the fourth quarter of 2018. Revenue will fall slightly from the $ 157.29 million reported during the same period last year. Operating profit of – MUSD 111.77 is a negative change compared to the previous year from an operating profit of MUSD 10.7. Del Taco’s earnings report also has a net loss of $ 114.13 million. This is not a good transition from the company’s net income of $ 5.65 million from the same time last year.
John D. Cappasola, Jr., President and CEO of Del Taco, said the following about the TACO share income report:
“2019 was a challenging year as we met our revised financial expectations over important measures while making good progress on several strategic fronts that place us well for the future.”
Del Taco’s earnings report also includes the outlook for the full year 2020. This expects an adjusted profit of 35 cents to 40 cents on revenues between $ 503 million and $ 513 million. By comparison, Wall Street estimates 47 cents a share and has sales of $ 504.75 million during the year.
The TACO share closed the trading day down by 10.4% and is less than 1% after the markets closed on Wednesday.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/del-taco-earnings-up-stock/.
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