All right. income per Thanks, $X.XX, and diluted net net third million, million X.X% share were respectively. Greg. $XXX year-over-year Revenues and for quarter increased $X.X income approximately the while XXXX to
comparable X%, for and traffic Our declined X.X% restaurant the and sales respectively. quarter
restaurants XX restaurants Harvey closure revenue and in estimate were quarter in Irma. impacted equates and days XXX and Greg an revenues, the impacted XX impact XX As hurricanes basis respectively. about the were estimate restaurant-level with in negative resulted Trojan and by of X.X% traffic operating earnings sales income restaurant sales from million for our our by XX severely quarter. Texas additional the comp basis and XX the which mentioned, from quarter, $X.XX XXX of revenue lost the and hurricanes, for in by margins approximately comparable $X million The our this and been to Florida, margins impacted. days sales differently, Hurricanes to sales $X.X our or lost traffic closed points. points that and and which share during per X.X%, in would the Said excluding the days million, impacted resulted of limited $X.X have hurricanes We We
we was during from the hurricane costs costs insurance members hurricanes. net damage, important cost as primarily cleanup dislocation. quarter $XXX,XXX to it and expected noted pay and team the spoilage the release, in as all property determined of to today's we closure relate These labor in press incurred food our incurred direct and throughout Additionally we direct approximately recoveries of
but expected back related and these XXXX other incurred restaurant per impacted, share. lost from our as schedule. changes been income per impacted related share were month, sales to have restaurant items or well margins $X.X also been in for the quarter costs earnings leverage the the our amounted $XXX,XXX new on the million, which some training the would by total, also excluding have In earnings of add restaurant current effect or when sales million we comp the in investments severance in these our based estimate both August $X.XX. would sales, we building $X.X during opening was quarter the the We $X.XX our our of approximately closed most were approximately also our comparable costs If initiatives. period costs that to restaurants implementation our approximately diluted additional negative approximately organizational and to challenging sales as the one-time for termination and
an However, sales top in But comparable uptick as and restaurant X% our release, September we line with the entered first sales September, sales we from restaurant Irma, weeks I and remained comparable than saw the less in down These sales closed or finished flattish for X% month. here impacted days for line excluding positive reported top the trends shortly. more Hurricane in as September's about trends the traffic. would we have review with finished at X October, will positive sales detail QX of have
last costs, increase ago. slow-roasted Brewhouse year's was to primarily related a higher from Looking compared to to XX sales commodity about points margins, menu quarter. which at and new the third mix higher Daily up cost due our items, discounting and was was of basis Specials, XX.X%, year The
mentioned call, operating on our new offset of costs. items but more we gross and higher last slow-roasting profit percentages, generally As have and cost dollars generate sales labor to occupancy the
commodity which basket Labor resulting rose cost the the pressure of from our an in period. increase from third increase last room For kitchen experienced and labor, and are of continued X% XXX the in labor The hourly due X% in hourly both sales. the The produce, for quarter-over-quarter, sales seafood management quarter. initiatives. in quarter, a year-ago to building basis investment year's and we higher was points hourly up was higher of our as quarter around dining and percentage wages due continued XX.X% higher the increase about labor in to in
Specifically, in basis our labor to point a we was sales negative and of on business operating XX sales sales. which to decline labor labor. leverage about led a grow increase quarter-over-quarter. to more rise our management we continued as invested This The in to due as management costs the in percentage take-out resulted primarily off-premise training take-out
last leverage the Our operating diminished sales occupancy in results. increase to million this was of to from comparable points quarter third related restaurant X.X% sales. approximately operating XX.X% year's to marketing XX X.X to occupancy operating the of Included basis and cost cost QX due spend, equates which is about
quarter week, occupancy to last marketing, XX General with million Excluding decreased compared cost year's in by which occupancy quarter our was operating to points per restaurant administrative approximately operating operating X.X% same basis the of expenses XX,XXX third cost. last and of consistent the sales averaged year. XX
G&A came primarily incentive was this due the at to quarter third than The center. and anticipated compensation support lower in lower restaurant
than up tax X.X million the for result a with quarter, ended we As anticipated of lower benefit. a results the
first Our million now year expect in be investments in the XXXX cover and This fiscal well capital XX sales XX this building months expenditures to initiative. construction our million the of expenditure new nine of through CapEx XX CapEx were approximately as range. gross will and our the the maintenance restaurants, for capital as we
In and committed shareholders. afford terms returns us allocation, capital total Restaurants, new of the sheet BJ's shareholder capital we to our balanced a financial to while returning as simultaneously cash strength approach open to flexibility flows balance to remain
openings complements new capital in our $X.XX while us dividend our pivot of new we or annually, to $X.XX has this the want pace repurchase As share construction they reduce of which program. Greg this as we cash basis costs ongoing on flow enabled restaurants quarterly initiating cash In returns achieving near-term to solid at expect that of we and our Trojan the time meantime, mentioned, are in the to the that we will a with high capable currently prudent we delivering. be seeing ensure on increase further are environment, the are
shares During share quarter, allocated the million. the in X.X XX%. of outstanding we our approximately purchase BJ's program our And stock. doing by our shares of toward we share approximately repurchase stock XXXX, XXX XX.X initial have million third and approximately Since authorization reduced of of retired million count of so, approximately repurchased the XXX,XXX for common April in we
cash, we ended million approximately million the program. our million of authorized we liquidity, XX the until of available of which had quarter, current under of repurchase end credit, in effect share line third of with our November XXX quarter to With third is regard debt funded As of the and on XXXX. approximately XX.X
XXX continue provides to through the and Our million and initiatives building of our while credit flexibility line program our us fund plan share our restaurant our expansion to returning dividend. capital new quarterly sales repurchase shareholders
open we some a questions, Before thoughts remainder some let for up XXXX. couple providing the preliminary minutes XXXX call of the spend to the on of and on outlook me fiscal commentary
forward-looking All beginning the filings building and in to With as of statements the see to commentary in release, are this today's to sales, from initiative. respect with benefits uncertainties discussed our subject SEC. is Greg noted as associated our risks sales we with Trojan
slow-roast are Specials Brewhouse have building locations. and in following, a our of positive we continue now sales. Daily XXX delivery guest loyal Our to our Today items over menu and our drive sales off-premise
strongest not Matthew. Geographically, Houston, sales including we Austin. in improvement guest up Texas but with San positive of from market, areas through year's our X%. first positive, just Antonio October, and has lap As Each running last Hurricane a the seeing both week the as many sales in from October three and Texas from result, the first restaurant week impact and we of Dallas, weeks traffic are are comparable the been in
this from approximately seems absent I in we the expect continuation for regards began weeks. a weeks the we quarter, would to sales earlier operating be the earlier, restaurant September. trend fourth X,XXX In noted change As disruptions, seeing to
everyone as rest XX-week remind Before I P&L, a the to was move week, of I year. that year's quarter XXXX on last the fourth want one to extra included fiscal
XX of for the earnings those per occupancy $X.XX are also depreciation week by points fixed basis $XX.X the million in G&A, in incentive As extra about and last week type The and primarily labor, compensation. extra approximately many of year week accounted costs. and we cost that year, and last benefited taxes and share. and as benefits additional to costs allowed you may sales monthly many recall, noted The about cost us leverage benefited amortization management also extra and operating
your adjust margins. share last per impact fourth As the quarter models had year's on in earnings please for the the to such, extra our building remember when from and week $X.XX
around where Moving we sales on in expect on sales specifically to to trending, the be expect are low-to-mid-XX% costs, pressure continue investments food and affordability cost our to XX rest Happy the the are of our of Specials, the we some and and P&L, on currently of labor we see to items Brewhouse to items, range have based made under the due like our in menu. and Hour offerings, success $XX slow-roast seeing promotional our
they driving items these traffic guest also While sales to are percentage of cost degree, increased have some our business. into
hourly training-related labor to the to initiatives. sales up pressure be sales of some cost quarter. to our labor, regard to addition initiatives, expect I fourth this building be continue around In I range expect continue today, to With see the to in commodity I the around expect to from to X% quarter. based to driving fourth X.X% sales XX% for would increases Therefore, and trends on wage
sales cost spend. and remember restaurant in XX%, both that includes as which targeting the averages labor operating occupancy marketing is of comparable in highly operating We correlated occupancy range are $X.X sales to upper to percent and growth. weekly a XX% cost sales Please million
in the million XX diluted the quarter range range. Pre-opening in Our should be the be fourth be rate continue compensation. the in should new outstanding I'm our expect range, the incentive on approximately we fourth based shares two for and $XXX,XXX planned as be fourth to in quarter expecting G&A openings. XX% restaurant million to costs quarter expenses tax for low the $XX should lower mid-to-upper
to are our be we XXXX, Board to ahead December. finalizing will for in Looking our presented which currently financial approval plan
me of review an have you XXXX. today, while preliminary do So expectations let management's provide some not approved plan we for with to
we now targeting new mentioned, to we six openings. restaurant four As are
five restaurant restaurants first to with use two We would I purposes, half year. in quarter, the modeling restaurants. second and currently anticipate the opening X of back the remainder in quarter in For new the three next new
menus pricing, expect similar the is mid-X% XXXX, range have it which pressure. yet pricing that be on for would and determined could based very labor this overall to increases based currently finalized we some menu at aggregate thinking, so based while our discounting, next or today anticipate not to basket not the year. to mix for on on to in or to Please so on to factors. basket offset preliminary regard Moving XXXX, and other tend the note current times. cost to commodity promotional is With be of fall, around consideration menu commodity our this our year X% would metrics some the microenvironment. of in I Since we or shifts menu inflationary and as inflationary other these we anticipated winter, which forecast any is spring pressures, pricing our or change our roll out into of new for Also offset take activity does increase
wage regard better of We February expect of minimum have the increase other to With pressures XXXX. next additional wage commodity report labor, will in we'll for months California our XXXX our absorb states. results to another QX idea in lock pressure therefore over commodities minimum of when we and in our well couple as as most a
to and in in addition we for the minimum pressure an to managers. wage wage increases, restaurant continue increase anticipated see hourly In positions the business
XXXX. drive improved server some I as and we pressures productivity should our pressures, hourly handheld labor additional such, savings in be and beginning Despite see new of devices still expect XXXX. into labor scheduler, to and potential from As QX for on these implemented going productivity there management we to is our continue entirely wages efficiencies additional believe which
that As unparalleled labor of server goals our top leverage will productivity with handheld delivers way to and always balanced BJ's drive ensuring is guest and line the hospitality devices best scheduler and our always, to our be every labor service. sales,
of are And With the can said in BJ's, of are achieved and business. As additional and more the nature of to many times our goal bottom builders the we if leverage the sales we normal year, the going and many err, fixed line pressures regard use going side have our foremost. so costs to sales for are at on some operating that already we've we savings first hold dollars deliver profit model line year. next we to each on err to we in occupancy to the is our we and offset costs inflationary to saving face building
expect plan While be not to next marketing marketing of our sales. several around for we finalized which have is to year, I X% similar last the years,
is On gain as line G&A leverage goal the for XXXX, grow. our continue to
or a before, have G&A said of training. growth we is As portion is our recruiting travel, costs, managers that in growth related, whether opening teams,
gaining restaurants next we leverage to X year, With I slowdown fiscal continue new G&A anticipate XXXX. in X the to
Also in year's levels consistent be tax anticipate that expense this million we likely for XX the should rate debt therefore XXXX will levels expect outstanding XX% year. be income Our interest the be diluted range, next the in with shares for and be for to in range. we pretty assuming to range are and XXXX X million
of And yet CapEx assuming sales finalized initiatives. the be maintenance other plan Our to to would XXXX approved is In and longer-term improvement been our proceeds approximately time, growth opportunities of our million, $XX conclusion, development gross in a our at our plan for today XXXX any of X and our operations, credit, from before cash I BJ's allowance and sale has cash restaurants, our that solid not Directors. and new leaseback for capital expenditures, proceeds. flow funding But lease-back near-term with sheet, we restaurants. generator strategies million cash $XX expenditures capital line or sale XXXX may growth base capital receive. and tenant this We our of balance by flow to from anticipate balanced landlord this anticipate allowances Board is expenditure double
lead to can initiatives on by better our and comparable We September October. in are are improving restaurant that now and sales transaction comps, well executing as evidenced our sales gaining
and pace functions, affording With and of CapEx our management We valuation across drive remain growth capital for service. of share XXXX capital a proven at capital very confident macro a shareholder of significant, balance this the of be look midpoint million, our rate are executing concludes free BJ's dividend. for repurchases on and well capital value, we our structure structure the using questions. long-term With again platform, accelerated and despite our reduced including In for an of flow guest forward very combined sales XXXX should cash our factors, is to the next $XX us quarterly this summary, shareholders remarks. and unit of payment year please growth to that expand return formal through up a XXXX. flexibility BJ's formula operations, all our open initiatives year, attractive and of with Operator, ongoing sustained and to to that, returns growth prudent line the of
