OutlookDel Frisco's Restaurant Group, Inc. is providing the following updated guidance for the full 2012 fiscal year, which ends on December 25, 2012.
- Total comparable restaurant sales increase of 3.5% to 4% (compared to 3% to 4% previously)
- One Del Frisco's and three Del Frisco's Grille openings and one Sullivan's closing
- Cost of sales of 30.6% to 31.0% of consolidated revenues
- Restaurant-level EBITDA** of 23.3% to 23.8% of consolidated revenues
- Effective tax rate of approximately 31% to 32%
- Gross capital expenditures (before tenant allowances) of $30 million to $31 million
- Annual weighted average diluted common shares outstanding of approximately 20.6 million