🔹 Revenue: $292.2M (Est. $291.5M) 🟢; UP +20% YoY
🔹 Adj. EPS: $0.12 (Est. $0.13) 🟡
🔹 Same-Restaurant Sales: +1.9% (Est. +2.67%) 🔴
FY25 Guide (Cut):
🔹 Same-Restaurant Sales: +3% to +4% (Prior: +4% to +6%) 🔴
🔹 Restaurant-Level Margin: 24.4%–24.8%
🔹 Adj. EBITDA: $148M–$152M (Prior: $152M–$159M) 🔴
🔹 Net New Openings: 68–70
Other Q3 Metrics:
🔹 Restaurant-Level Profit Margin: 24.6%; DOWN -100 bps YoY
🔹 Adj. EBITDA: $40.0M; UP +19.6% YoY
🔹 Net New Openings: +17; Total 415 restaurants (+18% YoY)
🔹 Digital Revenue Mix: 37.6%
CEO Commentary – Brett Schulman
🔸 “We delivered another quarter of market share growth, proving the portability and strength of our brand.”
🔸 “Our 2025 restaurant cohort is trending above $3M in average unit volumes, showing strong new-store productivity.”