Del Taco Restaurants Inc. (Nasdaq: TACO) revealed early results of its second quarter ended June 16 that indicated an improvement in its same-store sales as the period went on.
The Lake Forest-based company recorded an overall 10.1% decline in same-store sales for the June quarter. However, it saw on a month-by-month basis the declines lessening with each month.
Same-store sales for the four weeks ended April 21 were off 23.4% , the four weeks ended May 19 were down 6.9% and four weeks ended June 16 showed a decline of 0.3%.
President and CEO John Cappasola attributed the improved business to the company’s ability to continue to operate even with dining rooms mostly shuttered and the right menu items.
The company said, based on preliminary results, total revenue for the quarter was down 14% to $104.5 million with one franchised location temporarily closed. The company has about 600 restaurants total in 15 states.
Del Taco shares were down 0.5% to $6.11 in midday trading Wednesday. The company had a recent market cap of $226.9 million.
