Don’t ever say Cheap Booze didn’t solve a problem.
The Fiesta Restaurant Group saw a stock boom, last week (+30%). The Company operates Pollo Tropical and Taco Cabana, throughout Florida.
CEO Rick Stockinger told analysts that the company is rolling out new apps, a new modular kitchen focused on drive-thru precision, and has been enthused about off-site alcohol sales.
Taco Cabana set Margarita sales records on Cinco De Mayo and on National Tequila Day. Stockinger mentioned the low margins on $2 drinks, but celebrated them for increased traffic.
1 Margarita, 2 Margarita, 3 Margarita, SHOT!
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