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Del Frisco’s plans to open new Plano restaurant

Southlake-based Del Frisco’s Restaurant Group Inc. (DFRG), the owner and operator of the Del Frisco’s Double Eagle Steak House and Del Frisco’s Grille, both in downtown Fort Worth, plan to open a new Del Frisco’s Double Eagle Steak House in the Legacy West development in Plano in 2017. The new restaurant will be located northwest corner of Legacy and the Dallas North Tollway in the 250-acre urban development.

Separately, the company will relocate its Del Frisco’s Double Eagle Steak House from North Dallas to McKinney & Olive in Dallas’ Uptown district. In its new location, the restaurant will join the luxury, 20-story, 530,000-square-foot office and retail tower designed by famed architect Cesar Pelli, next to The Ritz-Carlton Hotel and Residences, in late 2016. Del Frisco’s Double Eagle Steak House Dallas on Spring Valley and the Dallas North Tollway will continue to serve its guests until its new Uptown location is completed in late 2016.

The upcoming Del Frisco’s Double Eagle Steak Houses in Plano and Uptown will join Del Frisco’s Double Eagle Steak House Fort Worth and Del Frisco’s Grilles in Uptown, Fort Worth, Southlake, and Plano to take care of the dining needs of the DFW market.

For the fiscal year 2015, compared to the fiscal year 2014, the company, whose stock trades on the NASDAQ under the DFRG symbol, announced last week:

Consolidated revenues are expected between $331.4 million and $331.6 million representing an increase of 9.8 percent to 9.9 percent from $301.8 million.

Comparable restaurant sales increased 0.1 percent at Del Frisco’s Double Eagle Steak House.

Comparable restaurant sales increased 0.2 percent at Sullivan’s Steakhouse.

Comparable restaurant sales decreased 4.4 percent at Del Frisco’s Grille.

Blended comparable restaurant sales decreased 0.7 percent.


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