the questions. will the status for update investors today: call provide initiatives our covering the open and then thank support. three business on topics for fourth I’d today participants overview a I’ll Tyler you, XXXX. first and continued Rafe. thoughts Thank quarter to other be the all like for growth update, call financial on we a our their and plans before of strategic results, of
quarter fourth results. on key First, takeaways
the from to double-digit previously, the with headway levels expense restaurant comparable momentum key while quarter, During progress in continued including continuing priorities staffing communicated fourth operation make the quarter sales G&A third on margins, the tangible and reduction. on we increases continued improved we
quarters, we beginning further on the intensely in to turned on focused negative see momentum we are improved which in and of are modest Year-over-year this growth comparable growth, X.X% in at and previous December, prior month-to-date. reached positive transaction transaction year-over-year XXXX discussed in As had slowed February and positive to quarters transactions, start fiscal front.
generating in markets, XXXX key momentum early our in Florida addition, has which transaction XXXX South growth strong XXXX been In are positive versus year-to-date. transaction
with transaction offers. pricing of accelerating comp momentum limited the item shared staffing, successful the previously our pairing sales our actions of to was value growth direct initiatives result improve continue and Our we time expand check-accretive
noted previously, of levels year-to-date continued As the been team improved in half Hourly and improved we a first enabler fourth staffing levels in had to versus the key staffing quarter further growth. XXXX. to have XXXX transaction improve
in reduction quarter continued the improving. our have also levels turnover indicating retention during hourly are of XXXX XXXX, into seen fourth we addition, and In rates, a that
reduction quarter As our of led managers quarter XXXX of restaurant first we we from placed mentioned in a the XXXX, which the on in a high part prior the development XXXX. in to focus quarters, significant to vacancies of first unit has manager in
XXXX. taken marketing obtain quarter contributing benchmarks in will that was momentum. allow was and XXXX revenue action to now that Our support insights December pricing Fourth targeted to pricing originally additional growth deferred us are selective competitive and strategies pricing, action promotion innovation to that be March for
proposition, to pairing promotion combined ensure barbell with and affordable high-value items, our check-accretive, our Time continue maintain lower addition, to price meals, like time value offers Pollo on and innovation. our menu we offering approach family In by we limited increases maintain
is coordinated build We activity our seeing menu efforts traffic. innovation, pricing, analytic-based and clearly promotional that revenue balance to and helping to are win back
In check value the from the in action maintaining perception saw X% while a of to higher positive peer fourth averages September, a pricing impact level we our on quarter, compared group.
evidence revenue their outpacing trends, comp Another optimization Tropical continuing strategies modest point improvement our are even traffic effectiveness in over of our planned that of deferred Florida the was XXXX after Pollo comp were considering share based fast-casual with our the with actions traffic course year. phased originally December the that gain March. in trends, pricing our slightly our pricing is We on pleased quarter, to Knapp-Track margin
restaurant-level third and continued combination our we growth targeted XX.X%. will fourth targeting XX% margins basis we the of the financial financial year, margin This versus margins profit quarter non-GAAP XXXX his a to additional operating of Similar operating and on generated margins measure, XXXX, quarter Restaurant-level XX.X% actions. comparable on In pricing. growth improved improvement transaction of trends. margins XXXX third sales review, our in rate continuing margin quarter are of profit, and by through details year-over-year restaurant-level XX.X% a run versus Tyler growth provide operating of and of expense driven
largely eye will initiatives our on opportunities impact. to quickly and have the we the excellence the margin momentum, XXXX impact I’ll December, the strategic the initiatives sharpening and that reprioritizing interim should will focus that ensure believe in believe Now accelerating discussed transitioning moved the on be prior a we role provide our status progress transaction with operations and brief biggest I growth continued. to the that on growth strategic that biggest initiatives. that made update through we key We on After initiatives CEO while good have those maintain of quarters an toward growth in expansion,
working and to In optimize been for the strategic has addition focus near-term reevaluating priorities, the our team leadership organization to effectiveness my efficiency. placed with on
marketing been resources growth accelerate support will that and changes us digital under our all improve across and to function initial realigning believe for enable customer streamlined channels. continuing aimed organization our consolidating marketing one Our to at insights, capability and have we operation
four a disciplined with experience brand; Tropical building improving across more developed all themes two, growing guide Number number four, focus, and one, our Pollo number have revised at traffic a channels; all guest We margins, operations the developing teams. enhancing creating number and three, to great focused aimed but strategic key still excellence; and approach. great
I’d like to building of teams. themes four the today, operations expand on and two great developing excellence
support of excellence, operations refocusing training increased execution one, identified consistency effectiveness and Regarding on operations. speed, we focus operating areas two, challenging by time number to Number an support, on number four, model; fundamentals elements three, our the improve reporting simplify infrastructure, the to operations HR hospitality; cross-functional key through peak accuracy food the improve of guest key operating routines IT and of tools. quality, our have number focus of productivity; and to place four and field improve including improve our experience, back-to-basics continue
of have accelerate within believe excellence because margin and theme operations fall traffic growth now expansion. a discussed are top we number initiatives that prior they priority our in A been quarters, will and we the making them
investment already of the Regarding fourth our reduced in that of for progress turnover all level. Based the in We great roll development are operations management. great the positive and of success, leadership. the that to restaurant of we on developing benefits that on levels XXXX of across theme, believe retention operations improved teams, leadership plans leading establishment indicators our manager seeing are made in ongoing – development the complete leadership platform we of rollout the XXXX
quarter, including outsourcing on February accounting a number and third a service to operations In the and be the renegotiations of categories. implementation we expense best since to effectiveness vendor addition, multiple office modules progress the also continue efficiency XXXX developing initiatives. in G&A our will we Dallas training efficiency measurable downsizing and support initiatives high are practices made and of in operations excellence priority,
X.X% work initiatives, Those are focus to underway expense very of less we initiative our or and restaurant run grow our the optimization our December is meaningfully expand role, my After but excited and strategy our sales. rate expected than to accelerate since to that new X% team taken and efforts XX contribute we in in management assessment still organizational of reducing G&A a development, completed will believe margins. days about process, steps have toward our target traffic are to
on year easy less to economic faced have and waters industry of is the whole, challenges so as the see it made, the we the a throughout progress we multitude Reflecting year. as turbulent, the we navigated
significant Comparable experience. us, allowing in to providing improving consistent business the staff restaurant while most the in from interruption double and of mostly increase to to guest us sales year finished digits our XX% be X% a focus on challenging XXXX, high-quality seems at behind levels first The our traffic. share of compared slightly quarter
start and are an EBITDA XXXX. after the of quarter rebounding XXXX Year-over-year dipping trending trends transaction are the of positive trend we were are now X% now in year. the as margins middle and negative upward on in first Restaurant-level
to and targeted focus to comps. positive in up sales and on XXXX, maintaining traffic trending are hit while are Margins XX% growing continuing
G&A is now major Our the and have we you. towards savings we place, shared have in previously firmly anticipated progress plan made delivering reduction with
for moved forward growth exited we key all to prioritized our strategic we agenda and XXXX our the on aligned see is freshly Finally, XXXX having opportunities closely and initiatives, brand. now
prospects As potential the confident we ability brand a consequence, and clearly about our our has. feel extremely harvest this to
provide detailed a more financial update. Tyler will Now,
