Fiesta Restaurant Group, Inc. Announces Impairment for the Quarter Ended July 2, 2023

Fiesta Restaurant Group, Inc. owns, and operates the Pollo Tropical restaurant brand. The Company's restaurants operate in the fast-casual and quick-service restaurant segments. The Company operates approximately 137 Pollo Tropical restaurants, all of which are located in Florida. It franchises its Pollo Tropical restaurants primarily in international markets. The Pollo Tropical restaurants feature fire-grilled and crispy citrus-marinated chicken and other freshly prepared menu items. Its menu items include TropiChops, platters, sandwiches, wraps, and salads. It also offers side dishes, such as rice, beans, corn, plantains, and fried yuca. It also offers a selection of signature sauces that allow its guests to further customize their orders. Its dessert offerings include flan, cuatro leches, and key lime pie, as well as limited-time seasonal items, and beverages include fountain drinks, lemonade, flavored brewed teas, as well as frozen Tropichillers.