Del Frisco's Restaurant Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 5, 2017. For the quarter the company reported revenues were $73,343,000 against $71,407,000 a year ago. Operating loss was $2,179,000 against income of $1,118,000 a year ago. Loss before income taxes was $2,566,000 against income before income taxes of $700,000 a year ago. Net loss was $1,776,000 against $86,000 a year ago. Basic and diluted earnings per share were $0.08 against EPS of $0.03 a year ago. Adjusted net loss was $635,000 against income of $887,000 a year ago. Adjusted net loss per basic share was $0.03 against income of $0.04 a year ago. Total comparable restaurant sales decreased 4.0%, comprised of a 1.8% decrease in average check and 2.2% decrease in customer counts. Total comparable restaurant sales were negatively impacted by 50 basis points due to the elimination of lunch operating hours at selected Sullivan's Steakhouse locations and 25 basis points due to the impact of Hurricane Harvey, for a total of 75 basis points. Restaurant-level EBITDA decreased 12.3% to $10.7 million from $12.2 million.

For the nine months, the company reported revenues were $239,534,000 against $232,517,000 a year ago. Operating income was $5,161,000 against $15,322,000 a year ago. Income before income taxes was $4,745,000 against $14,844,000 a year ago. Net income was $3,624,000 against $10,641,000 a year ago. Diluted earnings per share were $0.16 against $0.45 a year ago. Adjusted net income was $7,317,000 against $10,958,000 a year ago. Adjusted net loss per basic share was $0.33 against $0.47 a year ago.

The company reiterating its guidance for the 52-week fiscal year 2017, which ends on December 26, 2017 and adding additional guidance related to the impact of hurricanes Harvey and Irma. Total comparable restaurant sales of -2% to -1%. Restaurant-level EBITDA of 20.5% to 21.0% of consolidated revenues. Effective tax rate of approximately 26% to 28%. Gross capital expenditures (before tenant allowances and inclusive of remodels and expenditures related to 2018 openings) of $28 million to $30 million. Annual adjusted net income per diluted share of $0.76 to $0.80 excluding hurricane impacts and $0.73 to $0.78 including hurricane impacts. (Both ranges exclude lease termination and closing costs, strategic consulting fees, reorganization severance, legal settlements, and non-recurring donations and assumes no additional share repurchases).