Del Frisco’s Restaurant Group, Inc. develops, owns, and operates restaurants in the United States. It owns and operates restaurants under the brand names of Del Frisco’s Double Eagle Steak House, Sullivan’s Steakhouse, and Del Frisco’s Grille. The company offers steaks, as well as other menu selections, such as chops and fresh seafood. As of December 31, 2013, it operated 40 restaurants, including 10 Del Frisco’s Double Eagle Steak House restaurants, 19 Sullivan’s Steakhouse restaurants, and 11 Del Frisco’s Grille restaurants in 20 states. The company was founded in 1981 and is headquartered in Southlake, Texas.
930 South Kimball Avenue
Southlake, TX 76092
Founded in 1981
Del Frisco's Restaurant Group, Inc. to Open Total 6 Restaurants in 2014
Jul 22 14
Del Frisco's Restaurant Group, Inc. will be opening a total of 6 restaurants in 2014, 5 Del Frisco's Grilles, and 1 Del Frisco's Double Eagle In the third quarter, the company will be opening a Del Frisco's Grille in Irvine, California, while in the fourth quarter, the company will open a Del Frisco's Double Eagle in Washington, D.C., and 3 Del Frisco's Grille locations in Rockville, Maryland; Tampa, Florida; and Pasadena, California.
Del Frisco's Restaurant Group to Open Grille Restaurants
Jul 22 14
Del Frisco's Restaurant Group announced that The Del Frisco's Double Eagle opening in Washington, DC is now slated for the fourth quarter 2014 and two of the three Grille openings in the fourth quarter will take place later than the company had originally anticipated.
Del Frisco's Restaurant Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 17, 2014; Revises Earnings Guidance for the 52-Week Fiscal Year 2014 Ending on December 30, 2014
Jul 22 14
Del Frisco's Restaurant Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 17, 2014. For the quarter, the company reported revenues of $67,386,000 against $60,359,000 a year ago. Operating income was $6,920,000 against $6,935,000 a year ago. Income from continuing operations before income taxes was $6,882,000 against $6,911,000 a year ago. Net income was $4,769,000 against $4,431,000 a year ago. Basic and diluted earnings per share were $0.20 against $0.19 a year ago. Restaurant-level EBITDA was $15,671,000 against $13,990,000 a year ago. 2013. This increase in Revenue was primarily due to 61 additional operating weeks (to 481 from 420) resulting from six Del Frisco's Grille restaurant openings in the second half of 2013 and first half of 2014.
For the six months, the company reported revenues of $134,008,000 against $120,162,000 a year ago. Operating income was $13,668,000 against $11,839,000 a year ago. Income from continuing operations before income taxes was $13,598,000 against $11,791,000 a year ago. Net income was $9,290,000 against $8,000,000 a year ago. Basic and diluted earnings per share were $0.39 against $0.34 a year ago.
For the fiscal year ending on December 30, 2014, the company has lowered its annual earnings per diluted share expectations to between $0.90 and $0.94 from a previous range of $0.94 to $0.98. The remaining guidance includes: total comparable restaurant sales increase of 1.5% to 2.5%. Restaurant-level EBITDA of 22.6% to 23.1% of consolidated revenues against 22.9% to 23.4%. The company expects effective tax rate of approximately 31% to 32.5% against 30% to 32%. Gross capital expenditures were expected (before tenant allowances) of $38 million to $40 million.