For the 2014 first quarter the company reported restaurant sales decreased 3.0% to $151.5 million, from $156.1 million for the year ago quarter.
Net loss was -$7.4 million, or -32 cents per diluted share versus a net loss of -$5.2 million, or -23 cents per diluted share from the 2013 first quarter.
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The company reported restaurant-level EBITDA totaled $13.2 million, compared to $11.8 million from the same period last year.
Adjusted EBITDA was $3.2 million, from $3.3 million during the same quarter the prior year.
Carrols Restaurant Group owns two restaurant brands, Pollo Tropical and Taco Cabana. The company also owns and operates a number of Burger King restaurants under franchise agreements.
TheStreet Ratings team rates CARROLS RESTAURANT GROUP INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CARROLS RESTAURANT GROUP INC (TAST) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk and poor profit margins."