Rises as comp sales improve from April

Fiesta Restaurant

17/07/2020 16:10

** Fast-food restaurant operator's shares  FRGI.O  rise as
much as 13.6% to $7.10  
    ** Co says there was "significant" sequential improvement in
same-store sales through first two weeks of July
    ** Says during H1 of July, comp sales of Pollo Tropical
restaurant improved to -12.2% from -49.2% in April while that of
Taco Cabana improved to -13.4% rose from -26.2% in April 
 urn:newsml:reuters.com:*:nBwbnVw7Ka
    ** Cash balance increased $26.5 mln during Q2 to $101.6 mln
    ** FRGI up 6.40% at $6.65 in afternoon trading
    ** Up to last close, stock fell 36.8% YTD
    ** Shares have underperformed the S&P 500 Restaurants
 .GTSX25301040  sector by 9.9% points in June
    

 (Reporting by Yajush Gupta in Bengaluru)
 ((Yajush.Gupta@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 88024 43398;))