Del Taco shares dip on Q1 results

Del Taco Restaurant Inc.’s. stock was down 1% in extended trading Thursday after the fast-food chain reported fiscal first-quarter results. Del Taco reported net income of $2.6 million, or 7 cents a share, vs. a net loss of $102.5 million, or $2.76 a share, in the year-ago quarter. Adjusted net income was $2.5 million, or 7 cents per diluted share. Revenue improved 5% to $115.5 million from $109.8 million a year ago. Analysts surveyed by FactSet had expected net income of 6 cents a share on revenue of $115.1 million. Del Taco shares are up 32% so far in 2021. The broader S&P 500 index has improved 12% this year.

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