Brief: Fiesta Restaurant Reports Cash Balance During Q2 2020 Of $101.6 Million

Fiesta Restaurant

16/07/2020 22:27

July 16 (Reuters) - Fiesta Restaurant Group Inc  FRGI.O :
    * FIESTA RESTAURANT GROUP, INC. REPORTS SECOND QUARTER 2020
COMPARABLE RESTAURANT SALES
    * FIESTA RESTAURANT GROUP INC - SIGNIFICANT SEQUENTIAL
IMPROVEMENT
IN COMPARABLE RESTAURANT SALES TREND EXTENDED THROUGH FIRST TWO
WEEKS OF JULY
    * FIESTA RESTAURANT GROUP INC -  CASH BALANCE DURING Q2 2020
OF
$101.6 MILLION
    * FIESTA RESTAURANT GROUP INC - AT CURRENT SALES TRENDS WE
BELIEVE
WE WILL CONTINUE TO IMPROVE LIQUIDITY
    * FIESTA RESTAURANT GROUP - QTRLY COMPARABLE POLLO TROPICAL
SALES
DOWN 31.6%
    * FIESTA RESTAURANT GROUP INC - QTRLY COMPARABLE TACO CABANA
SALES
DOWN 19.2%
    * FIESTA RESTAURANT GROUP INC - EXECUTED AMENDMENT TO ITS
CREDIT
AGREEMENT ON JULY 10
    * FIESTA RESTAURANT GROUP - PURSUANT TO AMENDMENT, AVAILABLE
BORROWINGS UNDER REVOLVING CREDIT FACILITY WILL BE REDUCED TO
$95 MILLION IN PHASED REDUCTION

Source text for Eikon:  ID:nBwbnVw7Ka 
Further company coverage:  FRGI.O 

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