Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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New words:
ASU, beginning, commence, commencing, Concurrently, declined, fixed, initial, installed, November, permitted, predominance, retrospectively, rollout, submit, Topic, trial, undiscounted, worker
Removed:
borrowing, disease, filed, incremental, inflationary, opening, processed, training
Financial report summary
?Risks
- Changes in consumer preferences may decrease demand for food at our restaurants.
- We face risks related to our ability to continue to grow sales through delivery orders and digital commerce.
- Our results can be adversely affected by events, such as adverse weather conditions, natural disasters, climate change, pandemics or other catastrophic events.
- ESG matters, including those related to climate change and sustainability, may have an adverse effect on our business, financial condition, and operating results and may damage our reputation.
- Changes in tax laws and unanticipated tax liabilities could adversely affect the taxes we pay and our profitability.
Management Discussion
- •Food and beverage costs were favorable 1.7% due to 1.6% from increased menu pricing and 0.1% of favorable menu item mix.
- •Restaurant labor was favorable 0.2% due to 1.0% of sales leverage, partially offset by 0.4% of higher hourly labor expenses driven by wage rates, 0.3% of higher manager salaries, and 0.1% of higher other labor expenses.
- •Restaurant expenses were unfavorable 1.2% due to 1.5% of higher advertising, 0.4% of higher repairs and maintenance, and 0.3% of higher other restaurant expenses, partially offset by 0.5% of sales leverage and 0.5% of lower delivery fees and to-go supplies.