Crispy chicken and other adds to Del Taco Restaurants Inc.’s menu will be an area of focus through 2020 as the Lake Forest-based company (Nasdaq: TACO) continues to see improvements in its business.
The fall off in the restaurant operator’s same-store sales continues to shrink and cost-cutting measures have also helped improve the business. That now allows the company to turn to what CEO John D. Cappasola described as “laying the groundwork for brand acceleration.”
Companywide same-store sales for the four weeks ended June 16 were down 0.3%. That compares with a 23.4% decline in the four weeks ended April 21.
Cappasola also said the company, which counts about 600 stores in 15 states, would expand its work on the social and digital fronts.
The statements came with results for Del Taco’s second quarter ended June 16.
Revenue for the quarter fell 13.9% from a year earlier to $104.6 million. That was about in line with the $104.3 million analysts projected on average.
The company reported a net loss of $600,000, compared with $2.1 million in net income in the year-ago period. That’s better than consensus estimates of a $2.4 million loss.
Del Taco shares were trading up 1.4% to $7.25 in after-hours trading Thursday. The company has a market capitalization of $265 million.
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