Brief: Fiesta Restaurant Group Reports First Quarter 2020 Results

Fiesta Restaurant

07/05/2020 22:55

May 7 (Reuters) - Fiesta Restaurant Group Inc  FRGI.O :
    * FIESTA RESTAURANT GROUP, INC. REPORTS FIRST QUARTER 2020
RESULTS
    * Q1 LOSS PER SHARE $0.29
    * Q1 ADJUSTED NON-GAAP LOSS PER SHARE $0.11
    * TOTAL REVENUES DECREASED 11.5% TO $146.7 MILLION IN Q1 OF
2019
FROM $165.9 MILLION IN Q1 OF 2019
    * 2020 CAPITAL EXPENDITURES ARE CURRENTLY EXPECTED TO TOTAL
$20
MILLION TO $25 MILLION
    * IN EARLY APRIL, A TOTAL OF 168 OFFICE AND FIELD PERSONNEL
WERE
TERMINATED OR FURLOUGHED
    * SALARIES FOR ALL VICE-PRESIDENTS AND EXECUTIVES WERE
REDUCED BY
10% TO 35% FOR AT LEAST ONE QUARTER

Source text for Eikon:  ID:nBw83rpBHa 
Further company coverage:  FRGI.O 

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