Del Taco shares decline 3% despite sales jump, quarterly profit

Shares of Del Taco Restaurants Inc.
TACO,
+1.49%
were down 3% in extended trading Thursday after the fast-food chain reported fiscal second-quarter results. Del Taco reported net income of $6 million, or 16 cents a share, vs. a net loss of $576,000, or 2 cents a share, in the year-ago quarter. The company’s adjusted net income was $6.1 million, or 16 cents a share. Revenue jumped 19.5% to $125 million from $104.6 million a year ago. Analysts surveyed by FactSet had expected net income of 12 cents a share on revenue of $122.8 million. Del Taco’s shares are up 5% so far in 2021. The broader S&P 500 index
SPX,
+0.20%
has gained 16% this year.