Login

Fiesta Restaurant Group, Inc.

frgi.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2023 10-Q, filed Aug 11, 2023. Its latest SEC filing is a 15-12G from Nov 9, 2023.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Operates and franchises Pollo Tropical restaurants serving fire-grilled chicken and freshly prepared meals to restaurant guests and catering customers.

Who Were Their Customers?

Restaurant guests buy meals directly at Pollo Tropical locations through dine-in, drive-through, takeout, online ordering and third-party delivery; franchisees operate restaurants in international markets, while licensees run non-traditional locations.

Did Revenues Turn Into Profits?

No. It lost $14.6M in FY2022.

Net income, FY2022
−4% of revenue
▼ Now a loss vs FY2021 ($10.4M, 3%)

How Were They Changing?

Since the FY2022 annual report
Latest quarter: Q2 FY2023, the three months to Jul 2, 2023
Net income
▲ Now profitable
vs −$6.2M in Q2 FY2022
  • Oct 30, 2023 Fiesta completed a merger and became a wholly owned subsidiary Each share was converted into the right to receive $8.50 in cash, and Nasdaq trading was halted before October 30, 2023.
  • Aug 7, 2023 Fiesta agreed to be acquired by Fiesta Holdings The merger agreement provided for each share to be converted into the right to receive $8.50 in cash.
  • Apr 13, 2023 Dirk Montgomery became president and chief executive officer Montgomery's appointment took effect April 13, 2023.

Brand portfolio The business went from operating Pollo Tropical and Taco Cabana to operating Pollo Tropical alone after the Taco Cabana sale.

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support