CARROLS RESTAURANT GROUP, INC.
carrols.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2023 10-Q, filed May 9, 2024. Its latest SEC filing is a 15-12G from May 29, 2024.
10-Q for Q1 FY2023, filed May 9, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Operates Burger King and Popeyes quick-service restaurants, selling burgers, chicken meals and other menu items to restaurant guests.
10-K for FY2023, filed Mar 8, 2024We are one of the largest restaurant companies in the United States and have been operating restaurants for more than 60 years. We operate…View ↗
Our Burger King Restaurants. We are the largest Burger King franchisee in the United States, based on number of restaurants, and have…View ↗
Our Popeyes Restaurants. We are the ninth largest Popeyes franchisee in the United States based on number of restaurants. Popeyes…View ↗
How Did They Make Money?
Restaurant guests pay for their orders at the time of sale or when a delivery order is fulfilled.
10-K for FY2023, filed Mar 8, 2024Revenue Recognition. Revenues from Company restaurants are recognized net of sales discounts and refunds, when payment is tendered at the…View ↗
$1.7B
-
10-K for FY2023, filed Mar 9, 2024
$1.7B ↗
Who Were Their Customers?
Guests buy meals at the restaurants or order digitally through delivery platforms and the brands’ mobile apps.
10-K for FY2023, filed Mar 8, 2024
Did Revenues Turn Into Profits?
No. It lost $75.6M in FY2022.
10-K for FY2023, filed Mar 9, 2024
How Were They Changing?
-
May 16, 2024
RBI completed its acquisition of Carrols
RBI plans to reimage more than 600 restaurants before refranchising most of the acquired portfolio.
Sources
8-K, filed May 16, 2024
With the close of the acquisition, RBI adds the largest Burger King® ("BK") franchisee in the United States to its portfolio as part of the…View ↗
Grew. Revenue grew 18% in 4 years, from $1.5B in FY2019 to $1.7B in FY2022, about 4% a year.
Digital ordering and loyalty
The older report describes delivery as newly launched and a loyalty program as forthcoming; the latest describes digital ordering, delivery and brand loyalty programs in use.
10-K for FY2020, filed Mar 11, 2021 10-K for FY2023, filed Mar 8, 2024Two Distinct Brands with Global Recognition, Innovative Marketing and New Product Development. As a Burger King franchisee, we benefit…View ↗
Two Distinct Brands with Global Recognition, Innovative Marketing and New Product Development. As a franchisee of the Burger King and…View ↗
Who Did They Compete With?
Competes with McDonald's, Wendy's, KFC, and Chick-fil-A
10-K for FY2023, filed Mar 8, 2024The restaurant industry is highly competitive. In each of our markets, our restaurants compete with a large number of national and regional…View ↗
Loading...
