Greg. Thanks,
is As of XX very points. press another quarter we which had up X.X% level basis we up restaurant and sales margins XX.X% comparable in release, restaurant today's productive noted with
mentioned, for an and we As just over increase X%. just revenues million approximately of generated total the of EBITDA on of increase adjusted year, Greg an XX% that's $XXX.X
the is are level to executed across our initiatives to sales at on our based repetitive, and drive performance sound strategic of which and well-defined members. organization may financial team brand it platform our the high over XX,XXX the While by very efficiencies throughout BJ's ability XXXX strength a a testament our
our higher that rate as was XX.X% our quarter. mention I get of rate estimated as in higher to credits to tax into quarter, XX%. share Before higher the than by tax due tax than anticipated. This to I The want in around pre-tax impacted which well pennies earnings rate diluted per one two was QX is increase the fewer approximately income
moved tax is margins the our excess rate of and BJ's operating those credits for tend making Our EBITDA. while our to to evaluate difficult times around main that for have rate share. it It our to and around the quarter a very we model followed XXXX business that predict due benefits one and by of at reasons tax net per earnings
X% X.X% rise to and quarter Our restaurant increased in fourth by comparable million $XXX.X driven total growth revenues weeks. sales X.X% operating in
sales by states driven geographically was positive solidly sales a two diverse health growth check traffic the average On X.X% the on in dependent attraction quarter regions. restaurant and trend one was BJ's comparable underscoring guest strength every our in concept. month and of and positive further of restaurant was major Our not and comparable or perspective, or
in compared enabled strong our ago, hourly a XX.X% slightly average than an XX.X% increase commodity fourth hourly decline Later restaurant the approximate despite us sales of which sales year's a reflects leverage anticipated lower XX for combination our Looking was of basis fourth menu a at pricing year from quarter. margins, basis wages. comparable The costs. quarter labor to points cost XX decreased last points X.X% lower was and to
by on rise costs occupancy spend We reduction This strong a points our higher from result compensation restaurant offset our were on based quarter year's also management in the I call teams. in rate benefited to increase a is delivered state noted management Operating the by unemployment increased October. California. in results incentive from These of basis planned quarter. XX XX% marketing fourth third last which our in savings
last million $X.X compared marketing X.X% sales approximately such, year's million X.X% As in was of to expense fourth quarter. or or of $X.X approximately sales
week In per levels than continue restaurant administrative of join and compensation our were and improving compared truly X.X% and excluding our fees face million year. $XX into also costs mentioned, addition for quarter related level for $XXX.X Adjusted were which to Greg expenses was efficiently quarter our by restaurants, every gold we higher fourth costs dedicated testament was million lower server while the $XX,XXX maintenance really CapEx, as and and of cost team offset per execution, EBITDA increase XXXX, which to generated was day, to initiatives results members restaurant to marketing, already levels guest standards we are to operating XX positive was while deliver I the other sales expenses. building XX for last From and of in facilities points. $XX.X marketing comparable basis increased slightly hospitality. week new their drive margins in year, delivery a incentive basis the occupancy back operating handheld I tablets. pressures throughout higher continue a inflationary passion invested million our business to the the fiscal applauding operating expense, Fourth fiscal sales. year the were operators which expanding to and strength restaurant processing our a high standard capital for $XX,XXX reflecting $X point last increased for These who in want able of continued million by success operating incurred to for XXXX. service approximately general Despite we the about during corporate that's perspective
a in capital We dividends. total share also continued using $XX shareholders our of strong our million through repurchases return to cash to flow and
that XXXX of balance past other us entered flexibility initiatives. $XX.X with In addition, with provides we sheet year investments, this an and with for we growth, shareholder excellent debt return and leverage repaid building continued million modest sales
Before questions, we of to for spend some me providing up a commentary couple open let the call XXXX. minutes fiscal
to and with is in this statements filings subject discussed uncertainties as the of the commentary with SEC. All risks forward-looking associated our
first in the continue noted comparable sales our drive for press seven we positive quarter. of to As we weeks release, the
in a our impacted California, in have the Vortex, State the and rains weeks record of Polar and back throughout the cold However the more Coast, and extremely Washington Midwest East weather recently, few the momentum. temporarily snows sales
January we in anticipated a last than level bounceback of redemptions than started holiday strong sales levels our we growth a Additionally, average promotions lower as year and seasonal card with higher check resulted loyalty ago. of gift
added average the Thank We QX than the average check hotter with these traffic to to-date environment factors growth year of positive sales first of lower all in were members our X% comparable are start year range the restaurant mid bonus lower to in well underscoring and all a we the anticipated. key as traffic the check in resulted also $X the again Reflecting as positive we for the promotional weeks in loyal a You of planning. which than our few
to put it XXXX. Angeles in in first Los has weather more rain the XXXX XX the perspective, days in entire the Just received than received of year of impact
virtually Pennsylvania, the busiest into the week. we of two effect to snowstorm is sales our over our to in to of the of it Pacific during It ago has sales been out as resulted all California and sales from the State restaurants widespread weekends being and try is in impossible because which Maryland. weather XX% Washington so Ohio, Additionally, comparable comp strip Washington severe State down Northwest in know the weekend the Oregon our days
of even Also Holiday in February we many sales is to bounceback end You our redemptions or $X and positive more country, normal of continue and on expire range. California non-rainy as our see loyalty our see promotions the solid the plus days X% the beginning continue closer days trends average areas X%, underlying and are in our Sirloin, early be rollout of X% to QX. the Thank to towards to we weather-related the the was for have we January that the of bonus support kitchen that will comp our business and to diminish, we where days impact, the However check Roast catering launched other in Slow efforts our believe before new that weather in increase X%, and with targeted. range March party sales X% comp enhancements systems TRI-TIP large that the Therefore
our sales As such, about we trends. optimistic underlying remain very
QX expect short-term weeks will in sales weather be to would QX. restaurant I the challenged. given X,XXX weeks, However operating With approximately comp regard
we as Slow our costs Trojan we cost product. Roast new rest Moving to efficient to Much rolled March, labor in we Sirloin introduce sales P&L, of expect noted, guests. we both XXXX, onto in Greg the incur in like with out the when our until training TRI-TIP and will Roast Slow of become this
our right to as major which about wage wage see California in I pressures and in commodities we well the of other fiscal no for year increase With the as such, and regard down XX% this in to XXXX. as we As additional absorbed throughout coming change upper states. now in in basket is range minimum commodity proceed gradually of QX locked then XX% cost our mid a minimum net we've our labor, sales in barring
anticipating from management X% we both for managers. the and minimum wages upward latest on wage the in and pressure state the positions Aside based on expect I'm Therefore wages, pressures hourly hourly also business across restaurant trends, range.
we'll QX, be our of Additionally investments in labor we all and systems have just which in TRI-TIP kitchen Sirloin first in restaurants. for to rolling of will Roasted Slow QX our the in new the year, half the mentioned this I out
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sales labor a averages highly and growth. course to of percent as Of correlated in sales sales comparable is restaurant weekly
retain $XX over will the of operating costs term. adjustment a we gains new to labor of percent I challenges, XXX occupancy impacted sales accounting companies and XXXX-X, be a update reviewed Topic this these for million one-time short-term us of approximately ago. leases. the existing and to accounting lease that to were will This is weather make leaseback standards require standard Beginning have will a sale the moment by which earnings factors in amortizing for as So cumulative because adopt year, all
are new earnings Therefore XX this a in XX and basis total targeting will to points operating be $X will diluted costs increase standard. XX% of As million to which by new be mid accounting our around or occupancy XX% approximately the $X.XX upper and occupancy related we such accounting standard the year to share. to XXXX costs per in operating to about
with included Additionally total be costs consistent XXXX. spend all of operating which the and marketing marketing of of will occupancy in approximately spend XXXX for is level in X.X% pretty
averages kind costs cost occupancy labor, to low sales. mid operating to of be occupancy would sales of restaurant a correlated in the sales I is operating and weekly comparable percent XX% QX, and to range as highly For expect like
the due million QX reported of is $XX the expect We in $XX to compensation little and equity and XXXX incentive expect range in higher mid G&A that will million than would to which and and beginning a as the compensation. taxes include I to higher be equity that's in year. primarily to be compensation payroll G&A around upper at
be cost target in two restaurant openings range $XXX,XXX costs one quarter be in based three QX first continue per and should First the restaurant to end And opening to half more opening we overall, of that's expenses year. some around restaurant this on at of and us $XXX,XXX. the pre-opening the to for to
was that's the for lower rate Our range of be related compares excluding exercises should significantly XX% due tax around rate this year. shares million. XXXX stock benefits only significant our than past discrete items. XXXX will any to to This tax $XX excess fiscal X.X% in and large diluted the the be with outstanding our rate effective our which option Anticipate
we our allowances, CapEx for our of XXXX sale Our restaurants, and from capital XXXX for to the $XX and $XX new million initiatives, in that's a receive. range new improvement plan here from or million funding system proceeds. seven to that's our and and at other sale of any expenditure We expenditures, landlord sales may support operations, our anticipate balance And capital capital RSC nine tenant leaseback maintenance before should credit, cash management productivity development flow human be to leaseback growth. allowances the of the proceeds, line sheet,
our management line proven we I productivity, challenges, efficiency the That value. we long-term remarks. great XXXX of disciplined as concludes Lastly, confident XXXX. and another formal questions. the appreciation we our initiatives open the drive for despite our sales, say that had want expect weather with and combined sustained growth year remain just please growth great for that capital restaurant structure financial of formula a And is Operator, new to to up approach balanced and a a to short-term in shareholder
