The price of Fiesta Restaurant Group, Inc. (FRGI) stock reached a new 52-week high in extended trading activity on Thursday, after the company delivered an outstanding performance on its unaudited financial results, highlighted by better-than-expected profit and sales in the period.
For the fourth quarter 2014, FRGI posted total revenues of $156.2 million, a 14.7% increase year over year, and non-GAAP net income of $9.09 million, or $0.34 per diluted share, compared to non-GAAP net income of $4.94 million, or $0.20 per diluted share in the same period the prior year, these results better than the Capital IQ Consensus Estimate of $0.31 earnings per share on revenues of $153.86 million for the period.
For the full year 2014, FRGI's revenues increased 10.8% to $611.1 million, non-GAAP net income increased 80.4% to $36.4 million and non-GAAP diluted earnings per share increased 61.9% to $1.36, all compared to the full year 2013.
FRGI is the parent company of the Pollo Tropical(R), Taco Cabana(R), and Cabana Grill(R) restaurant brands. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct and unique Caribbean and Mexican inspired flavors with broad appeal at a compelling value. The brands feature made-from-scratch cooking, fresh salsa bars, and drive-thru service and catering.
More about Fiesta Restaurant Group, Inc. (FRGI) at www.frgi.com
**
U.S. District Judge Carl Barbier of the Eastern District of Louisiana agreed with U.S. Justice Department lawyers that BP plc (BP) should face paying up to $4,300 for each barrel of oil spilled. He previously ruled that 3.19 million barrels were discharged into the Gulf of Mexico after a rig explosion at BP’s Macondo well.
This means that BP is facing up to $13.7 billion in civil fines under the U.S. Clean Water Act for its role in the catastrophic Gulf of Mexico oil spill in 2010.
BP had argued that its maximum penalties should be an unadjusted $3,000 per barrel.
BP recently said on its financial results that the total cumulative pre-tax charge for Gulf of Mexico oil spill at end of 2014 was $43.5 billion.
Shares of BP closed at $41.19, down $0.56 (or -1.34%) on Thursday's trading session.
BP provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide.
More about BP plc (BP) at www.bp.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Burbank, CA ( www.burbank.crwe-pr.com ) into the CRWE Network.
Burbank is located in Los Angeles County in Southern California, 12 miles (19 km) northwest from the center of Los Angeles. It has been called the "Media Capital of the World", and numerous media and entertainment companies are headquartered or have significant production facilities in Burbank.
The City of Burbank had an estimated population in 2013 (U.S. Census Bureau) of 104,709, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
For the fourth quarter 2014, FRGI posted total revenues of $156.2 million, a 14.7% increase year over year, and non-GAAP net income of $9.09 million, or $0.34 per diluted share, compared to non-GAAP net income of $4.94 million, or $0.20 per diluted share in the same period the prior year, these results better than the Capital IQ Consensus Estimate of $0.31 earnings per share on revenues of $153.86 million for the period.
For the full year 2014, FRGI's revenues increased 10.8% to $611.1 million, non-GAAP net income increased 80.4% to $36.4 million and non-GAAP diluted earnings per share increased 61.9% to $1.36, all compared to the full year 2013.
FRGI is the parent company of the Pollo Tropical(R), Taco Cabana(R), and Cabana Grill(R) restaurant brands. The brands specialize in the operation of fast-casual, ethnic restaurants that offer distinct and unique Caribbean and Mexican inspired flavors with broad appeal at a compelling value. The brands feature made-from-scratch cooking, fresh salsa bars, and drive-thru service and catering.
More about Fiesta Restaurant Group, Inc. (FRGI) at www.frgi.com
**
U.S. District Judge Carl Barbier of the Eastern District of Louisiana agreed with U.S. Justice Department lawyers that BP plc (BP) should face paying up to $4,300 for each barrel of oil spilled. He previously ruled that 3.19 million barrels were discharged into the Gulf of Mexico after a rig explosion at BP’s Macondo well.
This means that BP is facing up to $13.7 billion in civil fines under the U.S. Clean Water Act for its role in the catastrophic Gulf of Mexico oil spill in 2010.
BP had argued that its maximum penalties should be an unadjusted $3,000 per barrel.
BP recently said on its financial results that the total cumulative pre-tax charge for Gulf of Mexico oil spill at end of 2014 was $43.5 billion.
Shares of BP closed at $41.19, down $0.56 (or -1.34%) on Thursday's trading session.
BP provides fuel for transportation, energy for heat and light, lubricants to engines, and petrochemicals products worldwide.
More about BP plc (BP) at www.bp.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Burbank, CA ( www.burbank.crwe-pr.com ) into the CRWE Network.
Burbank is located in Los Angeles County in Southern California, 12 miles (19 km) northwest from the center of Los Angeles. It has been called the "Media Capital of the World", and numerous media and entertainment companies are headquartered or have significant production facilities in Burbank.
The City of Burbank had an estimated population in 2013 (U.S. Census Bureau) of 104,709, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
