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July 22, 2021, 4:27 p.m. EDT

Del Taco shares decline 3% despite sales jump, quarterly profit

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By Jon Swartz

Shares of Del Taco Restaurants Inc. /zigman2/quotes/208916544/composite TACO -2.76% were down 3% in extended trading Thursday after the fast-food chain reported fiscal second-quarter results. Del Taco reported net income of $6 million, or 16 cents a share, vs. a net loss of $576,000, or 2 cents a share, in the year-ago quarter. The company's adjusted net income was $6.1 million, or 16 cents a share. Revenue jumped 19.5% to $125 million from $104.6 million a year ago. Analysts surveyed by FactSet had expected net income of 12 cents a share on revenue of $122.8 million. Del Taco's shares are up 5% so far in 2021. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.32% has gained 16% this year.

/zigman2/quotes/208916544/composite
US : U.S.: Nasdaq
$ 7.74
-0.22 -2.76%
Volume: 326,651
Nov. 29, 2021 4:00p
P/E Ratio
14.42
Dividend Yield
2.07%
Market Cap
$289.68 million
Rev. per Employee
$62,327
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/zigman2/quotes/210599714/realtime
US : S&P US
4,655.27
+60.65 +1.32%
Volume: 2.50B
Nov. 29, 2021 4:57p
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