Del Frisco's backs FY17 adj. EPS view of 76c-80c, consensus 76c
Norman Abdallah, CEO of Del Frisco's Restaurant Group, Inc., said, "We had guided to a modest loss on adjusted EPS during the third quarter based upon low single digit negative comparable restaurant sales and associated operating deleveraging. While this certainly proved accurate, we could not have predicted that a hurricane would have resulted in 17 lost operating days across three restaurants in the Houston area, which negatively impacted us by an additional $0.01 per diluted share. Although we are reiterating annual adjusted EPS for our underlying business of 76c-80c, we now believe that the lower end of this range is increasingly likely. This guidance also excludes the negative impact of hurricanes Harvey and Irma, which we estimate amounts to between 2c and 3c on a full year adjusted EPS basis."