and our everyone. sales will would everyone discussion when remind speak release exclude I and kick results, adjusted most for I U.S. a Thanks I that benefits. Dave will off non-GAAP earnings metrics directly morning like between be I see and around GAAP quarter. for certain the that reconciliations and to their costs referring the to Please good numbers profit to measures. performance comparable with
also adjustment. each discussion of the provided We a nature of
from versus were prior XXXX we quarter mind, our the share gains mind amortization $X.XX adoption results financial third that for in new year year. in $X.XX included diluted accounting a share keep per was that earnings the results, deferred our was no Adjusted last financial With longer $X.XX the earnings as to important these versus quarter $X.XX from versus of for QX our $X.XX sale-leaseback XXXX. evaluating recognize lease GAAP is our of diluted standard, in transactions. $X.XX it follows. When statements. in per gains deferred the Upon benefit
our this been QX If $X.XX adjusted you $X.XX. of standard from have would accounting EPS lease exclude new XXXX the results, impact
Total restaurant closures. net and million revenues lower X.X% Total the refranchising primarily third higher XX and due increases partially the to in These increased of by increases were revenues the from quarter. comp Carrabba's this locations were Brazil of in offset to year. impact openings $XXX revenue sales earlier
was traffic. X.X%. sales by increase average of This check were X.X%, offset driven in down comp an decline U.S. in a X% by
relatively QX Our our Overall, our by consistent check average menu price strategy increases little check of in of level the expectations, results. quarter ratchet below level changes average modest product is benefit driven increase our down the in the in however, with to was mix. a
to value unlock this will and that strategy more confident healthier are We our traffic. customers provide
down traffic X% U.S. QX. in was
key a points, basis XXX was by traffic lower factors. in industry expected. by result the of than driven This outperformed we While the was couple
sequential overall QX from over We in this traffic was X%. decline to down from softness point This traffic. an QX. our category category did impact First, was QX see XX a basis
mentioned, had than impact more we as expected. promotional traffic Second, to we at Outback shifts in timing Dave our calendar the
reduce worth down also year-to-date. XX% we where are in at is continue in It our now noting and that discounting particularly Outback opportunistically we XX% QX to down portfolio, are
will lift than QX. service we as investments us to allow are we food new on expected by and outperform in We industry meaningfully seeing in delivery pleased the Although was softer our so believe from it well momentum traffic. partnership traffic and far the QX, industry the the are the in outperformed as
of and On the to their XXth our consecutive industry. sales concepts. outperformance growth comp versus Outback posted quarter
shift We industry had Outback's estimate Additionally, point. by XXX basis comes basis the approximate just promotional despite QX. this our Outback in I traffic to exceeded impact that point This calendar over shift discussed. traffic XXX benchmarks an result in
delivery partnership own proving is out cannibalization growth are of network. third-party has late economics occasion is be This business is with compelling a to been and September. highly The rolled with little in profitable. our line Our incremental of DoorDash delivery this in as our expectations. The there delivery third-party
strong a We XXXX. expect to be and to third-party into in results contributor delivery QX
sales were X.X% at Comp up Carrabba's.
Homemade decision delivery our versus completed Carrabba's QX providers premise September. sales network. at to with continues to delivery this in last Home was Carrabba's business Like in rollout success Outback, this to XX% multiple a utilize XX% grow. our of our Bring having are We third-party and premise off own program was complement $XX off year. time made Overall,
early continue vehicle a our believe we expectations. course into that marketing us Trends XXX to look in Bonefish will tried have were improved such the the three basis quarter. allow We Grill points. and occasion momentum since underperformed down differentiated dinners that that quarter new as comps fourth
quarter sales last Fleming's eight at positive sales quarters. of the seventh comp were X.X%, Comp representing over up the
the high has become business in dining performer important our opportunity We holiday how end pleased represents private steakhouse category. Flemming's differentiating into for a with business are an itself season. the is driving In incremental standout heading particular, competitive and
margin Adjusted was QX. income operating X.X% in
As that growth. of of This is average this after this up adjusting XXXX large consecutive was XX increases margins the significant Dave for represented basis we It check. from accounting in particularly the margin impressive change. points indicated, benefit a lease quarter impact able improvement in without were to show the fourth
international grow margin business our productivity. are in opportunities high to Our continues and overhead we and maximizing
are of pricing, our margin margin peers. between adjusted the to X%. X.X% moderated and to gap with with grow expectations income We our comfortable full committed year operating while closing remain margins We
to Moving tax.
rate of be negative so the Our rate seasonally quarter is was tax lowest X%. can the QX adjusted QX income the volatile. year
absolute this result was modestly better than In expectations. tax terms dollars, of
take various you through guidance. year now our aspects updated the will I of full
performance comp our down from believe for in softness, comp X.X%. This to is sales prudent guidance, our approximately relates to it QX X% to U.S. our lower and is category to we the the given guidance sales year as it ongoing X.X%. First,
to momentum time good off We comp with October in early As Dave as to are we the a mentioned, period. important X.X%. hope QX sales approach start this up we maintain holiday
a approximately from we now X%. approximately to commodity be expect Second, inflation X.X%, down
category our expected. it Although is better remains coming than inflationary, in seafood
Third, our GAAP slightly. tax down coming adjusted are rates
expected to rate Our between X% GAAP tax be is now and X%.
be tax adjusted between and rate to X% X%. expected is Our now
to range expected be to $XXX is million, at our of which is million. million end guidance Fourth, $XXX low $XXX our now the of approximately prior CapEx
reducing We make year. overhead continue costs expect and progress down also in G&A for be in to the to
despite around lower strong guidance, make comp EPS us for comfortable Our controls reiterating sales. full cost our expectations year adjusted
XXXX We detailed guidance will earnings our provide call. on February in
expected be line be approximately Seafood, commodity noting Beef higher in inflation XXXX. experience than of with XX% to to roughly and is the to X.X% noise we However, we of is expect range to surrounding expect our that basket, the our it X% primary in commodities the food XXXX. going landscape, which higher guidance some currently worth in be is the XXXX. is reason represents inflation XXXX to given
both we and third quarter moving In results summary, where our about forward. stand we good feel
Brazil performing strong at and level. business is high an business our on extremely Our putting domestic is
continue our progress have We updating confident our profitable we very and operating you long third-party make in on February. significant for We next forward a plan progress to margins. look our delivery term to partnership remain on growth improving and
And up with now for open that, we call the will questions.
