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Why Carrols Restaurant Stock Hit New Highs Today

TheMotleyFool

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Why Carrols Restaurant Stock Hit New Highs TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Shares of Carrols Restaurant Group (NASDAQ: TAST), the largest Burger King franchisee in the U.S., were up 15% as of 11:47 a.m. ET on Thursday after a better-than-expected earnings report for the second quarter.

Improving revenue and profitability have pushed the stock up 425% year to date, following its slide over the last few years.

Carrols reported one of its best quarters in its history. Revenue hit a quarterly record of $485 million, with comparable-restaurant (comps) sales growth of 10.5%.

Source Fool.com

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