Del Taco Aggressively Expanding In Atlanta
One fast food eatery sees Atlanta as its hub for tacos and burritos.
Del Taco Restaurants plans to aggressively grow its franchise base in Metro Atlanta going forward, CEO Paul Murphy told stock analysts on March 13.
“We are very committed to the Atlanta market. We've kind of named it the Southeast hub,” Murphy said. “So, alongside of our franchise partners, we're going to be aggressively growing down there. But in 2017, you'll see us still expanding strongly down in the Southeast hub ... which is really grounded by Atlanta.”
Del Taco officials did not give the specific number of new stores they plan to open during the call. The chain operates seven eateries in the metro area and already has plans to open an eighth store off Cobb Parkway in Kennesaw, according to its website.
During the fourth quarter, Del Taco reported revenues of $150.2M, more than 12% growth from the same period in 2015, and its overall sales grew nearly 5% for the year in 2016, according to earnings reports.
