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Key Takeaways
Consolidated comparable sales increased 0.9%, with positive transactions across all segments, supporting market-share gains despite planned closures reducing revenue 3.3% to $200.5 million.
Procurement synergies drove 110 bps of restaurant-margin expansion, though higher marketing, G&A and the delayed Chelsea opening pressured adjusted EBITDA.
Operating cash flow nearly tripled to $33.0 million YTD as net capex declined 38%, supporting continued debt reduction and refinancing optionality.
#million
Key Takeaways
Consolidated comparable sales increased 0.9%, with positive transactions across all segments, supporting market-share gains despite planned closures reducing revenue 3.3% to $200.5 million.
Procurement synergies drove 110 bps of restaurant-margin expansion, though higher marketing, G&A and the delayed Chelsea opening pressured adjusted EBITDA.
Operating cash flow nearly tripled to $33.0 million YTD as net capex declined 38%, supporting continued debt reduction and refinancing optionality.
#million
3 months ago
