Market Overview

Fiesta Restaurant Group, Inc. Reports Preliminary Unaudited First Quarter 2018 Comparable Restaurant Sales Results


Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ:FRGI),
parent company of the Pollo Tropical® and Taco Cabana® fast-casual
restaurant brands, reported preliminary unaudited comparable restaurant
sales results for the first quarter of 2018, which ended on April 1,
2018, in connection with its two brand General Manager Conferences this
week and next.

  • Comparable restaurant sales at Pollo Tropical increased 1.1%, which
    included a 3.4% increase in average check, partially offset by a 2.3%
    decrease in comparable restaurant transactions. Comparable restaurant
    sales were negatively impacted by approximately 0.4% related to a
    fiscal calendar shift of New Year's Day and Easter. Traction across
    all markets continues to build with the launch of our new Crispy Pollo
    Bites® platform and other implemented hospitality, facility and menu
  • Comparable restaurant sales at Taco Cabana decreased 1.7%, which
    included an 11.3% decrease in comparable restaurant transactions,
    partially offset by a 9.6% increase in average check. Comparable
    restaurant sales were negatively impacted by approximately 0.4%
    related to a fiscal calendar shift of New Year's Day and Easter. We
    continue to focus on evolving our guest base and increasing the
    profitability of each transaction by offering high quality menu and
    promotional items at reasonable prices, while eliminating deep

Fiesta President and Chief Executive Officer Richard Stockinger said,
"Executing our Strategic Renewal Plan continued in full force during the
first quarter, and we are encouraged by the improving sales trajectory
across our two brands. Pollo Tropical generated its first quarter of
positive comparable restaurant sales since the fourth quarter of 2015
and has now experienced four consecutive months of positive comparable
restaurant sales through March. Trends at Taco Cabana improved
sequentially in March, with a comparable restaurant sales decrease of
0.2% including the negative impact of approximately 0.6% related to the
Easter shift."

Mr. Stockinger continued, "These encouraging results are being made
possible by the hard work and dedication of our entire Fiesta team, many
of whom will be gathering at our two General Manager Conferences this
week and next to celebrate our significant accomplishments to date."

About Fiesta Restaurant Group, Inc.

Fiesta Restaurant Group, Inc., owns, operates and franchises Pollo
Tropical and Taco Cabana® restaurant brands. The brands specialize in
the operation of fast casual/quick service restaurants that offer
distinct and unique flavors with broad appeal at a compelling value. The
brands feature fresh-made cooking, drive-thru service and catering. For
more information about Fiesta Restaurant Group, Inc., visit the
corporate website at

Forward-Looking Statements

Except for the historical information contained in this news release,
the matters addressed are forward-looking statements. Forward-looking
statements, written, oral or otherwise made, represent Fiesta's
expectation or belief concerning future events. Without limiting the
foregoing, these statements are often identified by the words "may,"
"might," "believes," "thinks," "anticipates," "plans," "expects,"
"intends" or similar expressions. In addition, expressions of Fiesta's
strategies, intentions or plans are also forward-looking statements.
Such statements reflect management's current views with respect to
future events and are subject to risks and uncertainties, both known and
unknown. You are cautioned not to place undue reliance on these
forward-looking statements as there are important factors that could
cause actual results to differ materially from those in forward-looking
statements, many of which are beyond Fiesta's control. Investors are
referred to the full discussion of risks and uncertainties as included
in Fiesta's filings with the Securities and Exchange Commission.

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