Del Frisco's Restaurant Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 27, 2017. For the quarter, the company reported revenues of $121,897,000 against $119,164,000 a year ago. Operating loss was $27,331,000 against operating income of $9,756,000 a year ago. Loss before income taxes was $29,136,000 against income before income taxes of $9,730,000 a year ago. Net loss was $15,081,000 against net income of $7,125,000 a year ago. Diluted loss per share was $0.73 against diluted earnings per share of $0.30 a year ago. Adjusted pre-tax income was $10,583,000 against $12,061,000 a year ago. Adjusted net income was $8,149,000 against $8,563,000 a year ago. Adjusted diluted EPS were $0.39 against $0.37 a year ago. Restaurant-level EBITDA was $27,010,000 against $27,849,000 a year ago.

For the year, the company reported revenues of $361,431,000 against $351,681,000 a year ago. Operating loss was $22,169,000 against operating income of $25,076,000 a year ago. Loss before income taxes was $24,391,000 against income before income taxes of $24,574,000 a year ago. Net loss was $11,457,000 against net income of $17,766,000 a year ago. Diluted loss per share was $0.53 against diluted earnings per share of $0.76 a year ago. Adjusted pre-tax income was $20,920,000 against $27,496,000 a year ago. Adjusted net income was $16,108,000 against $19,522,000 a year ago. Adjusted diluted EPS were $0.75 against $0.83 a year ago. Restaurant-level EBITDA was $72,965,000 against $74,940,000 a year ago.

The company provided earnings guidance for the fiscal year ending December 25, 2018, for the period the company expects total comparable restaurant sales growth of 0% to 2%, restaurant-level EBITDA of 20.0% to 21.0% of consolidated revenues, effective tax rate of approximately 10% to 15%, gross capital expenditures (before tenant allowances) of $55 million to $60 million, and annual adjusted net income per diluted share of $0.66 to $0.76.

For the quarter, the company announced impairment charges of $37,053,000 compared to $598,000 a year ago.