A Burger King franchisee made a discounting error that cost it millions, but analyst says buy the stock

Burger King’s largest U.S. franchisee made a “one-time” discounting error that cost it millions.

Key Points

The mistake decreased its sales by $12.4 million and its earnings before interest, taxes, depreciation and amortization by $10.9 million. Burger King's largest U.S. franchisee made a "one-time" discounting error that cost it millions, but Craig-Hallum Capital Group recommends buying its stock as the buzz continues for the Impossible Whopper and Popeyes' chicken sandwich.Carrols Restaurant GroupThe stock closed Wednesday up 2.8% at $7.60 per share. But the name has fallen 23% so far this year. For comparison,, the parent company of Burger King, Popeyes Louisiana Kitchen and Tim Hortons, is up 26% in 2019.

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