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The company reports for the first time as a standalone entity since its Carrols spinoff
Ron Ruggless
Fiesta Restaurant Group Inc. credited menu item strength for its increases in same-store sales in the second quarter, the first it reported as a standalone company with the Taco Cabana and Pollo Tropical brands.
Fiesta was spun off May 7 from Syracuse, N.Y.-based Carrols Restaurant Group Inc., which is the nation’s largest Burger King franchisee.
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Miami-based Fiesta on Wednesday reported net income for the second quarter, ended July 1, rose 8.3 percent to $3.9 million, or 17 cents a share, compared with $3.6 million, or 16 cents a share, in the prior-year quarter. Revenue rose 6.3 percent to $128....
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