Tacala LLC

Overview Key strengths Key risks Participation in the attractive Mexican quick service restaurant (QSR) segment. Small operating scale in the intensely competitive QSR segment. Value-focused menu with less cyclical demand. Primarily single brand exposure (Taco Bell). Consistent record of same-store sales growth. Geographic concentration in the South and Southeast U.S.Exposure to fluctuation in commodity prices.An aggressive financial policy with a track record of periodic debt-funded dividends. Tacala reported positive same-store sales for each of the first three quarters of fiscal 2022. Same-store sales for the quarter ending Sept. 6, 2022, grew 6.7% year-over-year despite a challenging macroenvironment and 2.4% lower transaction volume in the lower-and middle-income groups. Year-to-date revenues grew approximately 10% year-over-year as the company passed on most of

...We expect stable revenue growth over the next year, with higher prices partially offset by lower sales volumes. Tacala reported positive same-store sales for each of the first three quarters of fiscal 2022. Same-store sales for the quarter ending Sept. 6, 2022, grew 6.7% year-over-year despite a challenging macroenvironment and 2.4% lower transaction volume in the lower-and middle-income groups. Year-to-date revenues grew approximately 10% year-over-year as the...

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