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Why Carrols Restaurant Stock Hit New Highs Today

TheMotleyFool

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Why Carrols Restaurant Stock Hit New Highs Today: https://g.foolcdn.com/editorial/images/743697/green-stock-prices-up-markets.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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