Del Taco Restaurants' latest quarter earnings and its full-year guidance fell short of analyst expectations, causing its shares to lose -7% Tuesday.
The fast-food restaurant chain’s fourth quarter earnings came in at 18 cents per share, missing analysts’ estimates by a penny.
However, sales of $157.3 million beat analyst expectations by $290,000, and also registered a +7.2% year-over-year growth. System-wide comparable-restaurant sales increased +1.9% in the fourth quarter, which would be the 21st consecutive quarter of increase. The company’s comparable-restaurant sales rose +1.0%, marking the 26th consecutive quarter of gains.
For the full-year 2019, Del Taco predicts that its adjusted earnings per share will range between 47 cents and 52 cents, lower than the consensus expectation of 58 cents.