Severe winter weather constrained traffic in the first quarter at Carrols Restaurant Group Inc., the nation’s largest Burger King franchisee, leading to a 2.5-percent decrease in same-store sales for the March 30-ended period. The company said its net loss widened to $7.4 million, compared with $5.2 million in the first quarter of 2013, due mostly to timing differences caused by legislative delays to extending the Work Opportunity Tax Credit incentives both years. Syracuse, N.Y.-based Carrols operates 560 Burger King locations in 13 states.
• Carrols narrows 3Q net loss
• Carrols: 2Q loss related to Burger King unit closings
• More restaurant finance news
Contact Mark Brandau at email@example.com.
Follow him on Twitter: @Mark_from_NRN