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Del Frisco’s total same-store sales edge up in 2QDel Frisco’s total same-store sales edge up in 2Q

Measure declines at Double Eagle and Grille; Barcelona and Bartaco book increases

Ron Ruggless, Senior Editor

August 6, 2019

1 Min Read
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As it prepares for its previously announced sale to L Catterton, Del Frisco’s Restaurant Group Inc.’s same-store sales for the second quarter ended June 25 were up 0.5% at its four concepts, the company reported Tuesday.

Irving, Texas-based Del Frisco’s, which owns the Double Eagle Steakhouse, Del Frisco's Grille, Barcelona Wine Bar and Bartaco brands, said customer counts were down 1.2% in the quarter and average check was up 1.7%.

By brand, same-store sales were down 1.5% at the Double Eagle and down 0.6% at the Del Frisco’s Grille and up 2.4% at Barcelona and up 5.5% at Bartaco.

On June 24, Del Frisco’s announced that it had agreed to sell to affiliates of L Catterton, a private-equity firm, in a cash transaction valued at about $650 million. Del Frisco’s said it expects to complete that transaction, which priced Del Frisco’s shares at $8, by the fourth quarter, subject to approval by Del Frisco’s shareholders and other customary closing conditions.

For the second quarter, the Del Frisco’s group said its net loss widened to $6.4 million, or 19 cents a share, from $1.7 million, or 8 cents a share, in the same period last year. Revenues increased 73.9% to $131.7 million from $75.7 million in the prior-year quarter.

The revenue increase was primarily credited to the $21.1 million contribution from Barcelona Wine Bar and a $28.2 million contribution from Bartaco. In the second quarter, the company opened one new Barcelona Wine Bar in Raleigh, N.C., and a Bartaco in Deerfield, Ill.

Related:The Next Gen: Del Frisco's Grille

Del Frisco's Restaurant Group has 78 restaurants across 17 states and Washington, D.C.,

Contact Ron Ruggless at [email protected]

Follow him on Twitter: @RonRuggless

About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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