Carrols Restaurant Group owns and operates restaurants under the Burger King brand. Burger King restaurants feature the flame-broiled Whopper sandwich, as well as a range of hamburgers, chicken and other specialty sandwiches, French fries, salads, breakfast items, hot dogs, snacks, smoothies, frappes and other offerings.

Type
Public
HQ
Syracuse, US
Founded
1960
Size (employees)
21,500 (est)
Carrols Restaurant Group was founded in 1960 and is headquartered in Syracuse, US
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Key People/Management at Carrols Restaurant Group

Daniel Accordino

Daniel Accordino

Chairman of the Board, CEO and President, Director
Paul Flanders

Paul Flanders

Vice President, Chief Financial Officer and Treasurer
William Myers

William Myers

Vice President, General Counsel, and Secretary

Carrols Restaurant Group Office Locations

Carrols Restaurant Group has an office in Syracuse
Syracuse, US (HQ)
968 James St
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Carrols Restaurant Group Financials and Metrics

Carrols Restaurant Group Financials

Carrols Restaurant Group's revenue was reported to be $1.09 b in FY, 2017 which is a 26.7% increase from the previous period.
USD

Revenue (FY, 2017)

1.1 b

Revenue growth (FY, 2016 - FY, 2017), %

26.7%

Gross profit (FY, 2017)

783.9 m

Gross profit margin (FY, 2017), %

72%

Net income (FY, 2017)

7.2 m

EBITDA (FY, 2017)

83.6 m

EBIT (FY, 2017)

29.5 m

Market capitalization (20-Apr-2018)

485.7 m

Cash (31-Dec-2017)

29.4 m

EV

737.9 m
Carrols Restaurant Group's current market capitalization is $485.7 m.
Annual
USDFY, 2015FY, 2017

Revenue

859 m1.1 b

Revenue growth, %

27%

Cost of goods sold

240.3 m304.6 m

Gross profit

618.7 m783.9 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

193.2 m219.1 m217.7 m222.5 m241.4 m238.9 m239.9 m279.5 m285.2 m

Cost of goods sold

62.1 m60.5 m60.7 m59 m62.1 m63.8 m64.2 m78.7 m81.9 m

Gross profit

131.1 m158.6 m157 m163.5 m179.3 m175 m175.6 m200.8 m203.4 m

Gross profit Margin, %

68%72%72%73%74%73%73%72%71%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

22.3 m29.4 m29.4 m

Accounts Receivable

6.2 m7.6 m9.4 m

Prepaid Expenses

9.4 m12.1 m11.8 m

Inventories

7.1 m9.4 m9.4 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

24.3 m61 m71.8 m12.3 m9.7 m10.1 m2.7 m33.7 m43.9 m

Accounts Receivable

6 m6.1 m5.4 m6.4 m8 m7.6 m9 m10.6 m9.9 m

Prepaid Expenses

6.9 m7 m8.4 m10.8 m10.3 m10.7 m12.7 m12.3 m12.8 m

Inventories

6.8 m6.9 m6.7 m7.4 m7.6 m7.7 m7.9 m8.1 m8 m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

4 k7.2 m7.2 m

Depreciation and Amortization

39.8 m54.2 m54.2 m

Accounts Payable

2.1 m3.1 m3.1 m

Cash From Operating Activities

70.7 m62.3 m72.8 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(9.3 m)(14.3 m)(7 m)2.1 m11.5 m16 m(5.6 m)443 k3.2 m

Depreciation and Amortization

10 m19.8 m29.2 m11.1 m22.5 m34.6 m13.2 m26.5 m40.2 m

Cash From Operating Activities

14.5 m30 m55.6 m10.8 m28.3 m50.8 m10 m28.7 m56.6 m

Cash From Investing Activities

(39.1 m)(11 m)(24.8 m)(20.3 m)(40 m)(72.3 m)(32.8 m)(60.7 m)(77.9 m)
USDY, 2017

EV/EBITDA

8.1 x

EV/EBIT

22.9 x

EV/CFO

10.9 x

EV/FCF

-21.3 x

Revenue/Employee

50.6 k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.4 x
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Carrols Restaurant Group Operating Metrics

Q1, 2015Q2, 2015Q3, 2015FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Franchise acquired

659 657 660 705 717 723 734 807 788 799 798
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Carrols Restaurant Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Carrols Corporation
Carrols LLC
Republic Foods, Inc.
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