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Shares of
Del Taco Restaurants IncTACO were trading higher by more than 10 percent at $10.44 early Tuesday afternoon.
Del Taco Restaurants
reported preliminary fourth quarter 2015 guidance after Monday's market close. The company expects its fourth quarter system-wide comps rose 5.8 percent while its total revenue is expected to rise 6.1 percent from a year ago to $133.4 million.
Del Taco Restaurants also said that it expects its fiscal 2015 sales to be approximately $424 million - topping Wall Street's expectations of $422 million. The company also expects its Adjusted EBITDA to be at least $64.8 million
Finally, the company expects its fiscal 2016 comps to grow 2.5 to 4.5 percent and realize total sales of $439 million to $449 million (versus Wall Street's expectations of $442 million) and record an Adjusted EBITDA of $67.5 million to $70 million.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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