Del Frisco's sees FY16 adjusted EPS 79c-81c, consensus 83c
Sees FY16: Total comparable restaurant sales of minus 1.0% to minus 0.5%. This represents a positive comparable restaurant sales expectation during the fourth quarter. One Del Frisco's Double Eagle Steak House relocation and three Del Frisco's Grille openings. Cost of sales of 28.3% to 28.6% of consolidated revenues. Restaurant-level EBITDA of 20.9% to 21.1% of consolidated revenues. General and administrative costs of approximately $24.5 million to $25.0 million. Pre-opening costs of approximately $3.6 million to $3.8 million. Effective tax rate of approximately 29.5% to 31%. Gross capital expenditures (before tenant allowances and inclusive of some expenditures related to 2017 openings) of $32.0 million to $35.0 million.