Carrols Restaurant Group Inc., the largest franchisee of Burger King, with 564 locations, narrowed its net loss significantly in the Dec. 29-ended fourth quarter of 2013, to $2.1 million. Interest expenses and impairment charges produced a negative result despite modest increases in same-store sales and revenue. Quarterly and full-year net losses were much higher in fiscal 2012, when Carrols acquired 278 refranchised restaurants from Burger King Worldwide and added those acquisition and ...
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Contact: Desiree Torres Desiree.Torres@penton.com