Pollo Tropical

Financing

Fiesta Restaurant Group sees interest from an activist investor

Hedge fund Arex Capital Management has talked with the struggling parent company of Taco Cabana and Pollo Tropical about changes in strategy and operations.

Operations

Pollo Tropical, Taco Cabana parent works to stem sales slide

Fiesta Restaurant Group is hoping value menus, catering and delivery will boost revenue after a rough Q3.

Hope Diaz previously worked for Popeyes and Burger King.

Dirk Montgomery has served as chief financial officer for Hooters International and Bloomin’ Brands.

Parent company Fiesta Restaurant Group reported a decrease in same-store sales and traffic during Q2 for both brands.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

The chain’s move into Texas proved to be a disaster, and it has since pulled back to its Florida roots, says RB’s The Bottom Line.

The closures include all Pollo Tropical units in the Atlanta area and some in Florida, as well as nine Taco Cabanas in Texas.

The parent company of Taco Cabana and Pollo Tropical lagged behind analyst expectations and saw minimal traffic growth, prompting stock prices to nosedive.

These limited-time offers grabbed attention this summer.

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