good XXXX. sales call. that through to providing result up our weeks in trends, Thanks, improvement QX, the pandemic of performance U.S. improvement down lapping first comp combination driven discussed we everyone. start of finished and March X.X%. Dave, as a as of would This improvement XX.X% of I financial by the earnings of in of onset morning, XXXX. seven a an recent was like our the This our on the a quarter fiscal QX well February the reflected for significant by from recap
Moving traditional calculations as be year, the pandemic. instructive will comp into one left we QX, sales less
continue well improved both will XXXX, of capture our average as down as share compared as performance. Although, one sales picture complete to year view, a On to more also QX into perspective, year to a two will were this we we we a provide moved sales sales basis, March. weekly comp sales comp comp two-year significantly year two as X.X%,
$XX,XXX March. January in restaurant that driving In in three There primary improvement. $XX,XXX weekly to sales average from increased addition, factors approximately per are
of our several Tender most the and from are benefiting business levers portfolio, of important among our Also, is are the our sales these as of impact levers. we and such throughout investment in growth place in of Shack. that new menu Outback the introduction the off-premises First,
QX, returned off-premises key be X% in as incremental of saw forward. down we moving from roughly proving QX. sales our which course off-premises is only sales. of highly This sales Off-premises dining growth We ended per reopened. a relatively represented weekly our started and week restaurant, restaurant U.S. is $XX,XXX rooms remain volumes, in strategy the XX% QX, sales to averaging occasion part and the of as quarter per consistent in Over even
dining. our year-end. open the of XX% Second, up restaurant is we restaurants ended quarter from This company-owned within XXX% with domestic at
across adhere our to while state an portfolio. easing seen have vary and continuing local also We restrictions, which of rules, to capacity
latest weeks volumes the in round sales was catalyst after of for saw increases. distributed. weekly sales the government a final Third, over of QX, a been large has stimulus the stimulus increase We two
Through a U.S., this been sales comp And two-year seen in $XX,XXX have we XX.X%. weeks have restaurant. week to the continued we sales of Importantly, carry four forward our quarter. the the in into average plus per first second momentum QX, has U.S.
Now at major turning were were X.X%, Carrabba's up X.X%. X.X% and Carrabba's to ahead the sales sales up and a were two-year our The two-year basis, both competitive comp were QX and benchmarks. brands comp X.X%, sales down respectively. of results Outback brands, On Outback
on Total impressive Grill, brands QX, off-premises QX revenue has X.X% off-premises comp have business it at sales and a two-year and in-restaurant Bonefish, QX, As has centric and XX% restrictions, of two-year bar down been Despite The since in an in our off-premises at represented sales in Bonefish X.X% capacity sales basis. were our at down XX% impacted basis. down on more the business. relied these the and been of At Fleming's onset strong of other a revenues their we comps XX% QX. XX% Outback, built heavily dining the down this, of Bonefish Carrabba's. and casual brands. culture were than on were pandemic, XX.X% experience case of by
locations XX% presence, California large mid-March. until for were their dining, of Fleming's restaurant closed Given in
ability with pleased sales despite significant drive this are to their We headwind.
We through drive XXXX driven operating business versus $XXX margin diluted X.X% to This ongoing from $X.XX per efficiency income result was As revenue quarter income it our X.X% to aspects was $X.XX GAAP income QX $XXX performance, the of on other XXXX, in by our Adjusted improvement diluted relative $X.XX in share XXXX. for of loss revenues less year earnings decreased XXXX. the operating exceeded $XX and to versus This XXXX. million. earnings XXXX our million earnings versus $XX X.X% quarter per of year. QX operating Adjusted level share X% income adjusted Adjusted $X.XX this last of into last operating million. is adjusted to share of million. total was efforts for per than diluted our relates per simplification. versus in achieved was diluted share in
of favorable in the terms the by QX year-over-year, rollout category, waste of XXX new driven reduction adjusted performance points average, was basis In increases primarily by check menu. following COGS and Outback cost our
commodities benefited efforts. line simplification Similar our largely no we and reduction we XXXX, in for in food This up The also are COGS, call, was for last XXX points indicated we to favorable to hours. showed a inflation labor expect basis locked prep year. little As the year-over-year. from
as are finding efficiencies off-premises in We labor continues business that also to grow.
domestic marketing are hourly XXX favorable a from basis $XX primarily Operating reduction expenses In employees addition, were expense XXXX. points year-over-year. lapping due relief our to in million payments we to
had in favorability utilities. to as off-premises. This favorability In offset related supplies and by the was and delivery to fees in addition, growth go third-party areas we R&M such increases in
QX out and our we reaffirm on detailed that remain initiatives front, we for the cost it investors between $X.X benefit savings from We Overall, the includes long-term results. $XXX calls. year that million our net and for prior G&A million with commitments of was laid expense margin adjustments. our should achieve us $XX were last million year. we of to for full keeps first track be G&A of pleased the ongoing last XXXX, And On million $XXX cost in have on quarter importantly, quarter. track savings down on This
are sales front, locations in performance reopens On for seeing we California as the XX the franchise our improved state.
weeks, market a our the several been has Over California basis. last on comping positive two-year
We amounts business that royalty be deferred on recovers. will as collecting
Our domestically and from royalties continue collecting non-California are perform franchise locations, internationally, we and both these to well locations.
we our is revolver. year to new completed facility with stack. Turning our and refinancing A, loan term into our a sheet in capital added structure, of of recently balance will decrease million debt liquidity credit X.XX carries our bond facility X% five and the an plus LIBOR rate an $XXX moves future. capital of a an $XXX down bond a staggered a secured $X These The ample $XXX and million credit facility interest billion as and rate The million foreseeable pay a for The facility and X%. debt. maturities, matures ensured structure, rate the interest our diversified we XXXX have carries and
to we excess all at debt-to-EBITDAR. of times we down leverage Moving or targeted forward, net X debt cash will continue flow ratio are our free pay with below until
towards we to to uses will significant our confident pay down we make shareholder we Once reach objective cash progress in improve, our targeted other XXXX. or that our are we debt enhance achieving As continues ratio, EBITDA further value. of evaluate can
discussed, Turning momentum the I to quarter. have to QX, significant as domestic sales second start we seen
In a in of visibility high maintain addition, we margin our improvement degree journey.
second guidance quarter. provided have we this, the Given for
for some least summer over of months. a the total for few We U.S. volumes of quarter a Brazil. to average U.S. current in quarter Should of there of slight sales we expect nine $XX,XXX a is decrease this assumes get the $X.XX outcome This to the that revenues the weeks not be seasonality $XX,XXX for as assumption average and of the at be approximately upside traditional revenues from weekly QX billion. volume will sales be there last the The the in total seasonality resumption volume remaining weeks the volume the outlook. assumption on weekly materialize, of balance will this into quarter,
at The in expect QX QX $XXX primary the EBITDA driven We not total. with million, we EBITDA expect be on by to increases higher consistent and between EBITDA reason, flow our a been the Also, is guidance. sales hiring least within specific through mentioned, do challenges with there any face our built as the costs we Brazil. but U.S., COVID short-term have been associated Dino challenges in into have staffing industry here QX QX,
margin We expect operating our to U.S. profit QX. be better segment sales, than and
not related in We to expect The least count and is only diluted hedge convertible consider share at currently Under into entered $X.XX. $X.XX that we the expecting bond. to GAAP we be adjustment our EPS at the least count. EPS to of QX GAAP, to are to to EPS are our allowed be benefit we that adjusted share
EPS, Brazil, the for for our provided performance U.S. which count in that stock to earnings our a the impact QX EPS. the taken on believe that out diluted optimism derive outlines cautious In count approximately expect shares. will adjusted the our various In on quarter. share into million in QX, XX on used reflects But adjusted is last a guidance we a quarter. share as $X.XX QX expected highly average convert have finish weighted outlook we table is share dependent continued our at share this current that count their dilution near-term price We be benefit prices. release, We from case and they
we do the want outlook however, to beyond out framework laid are pandemic confidence Given the our for we to last the margin provide going in the not We the and ongoing shape QX. uncertainty quarter. reinforce recovery, investors an related of to
As be sales a adjusted from XXXX XXX XXX will X.X%. to reminder, achieved our point a once that levels, framework and X.X% This levels. suggested margin improvement basis is that XXXX between operating
way Brands, and will operating favorability over of on for margins, framework improve up becoming And we this longer-term ongoing depreciation well framework was a achieve expansion committed call In XXXX focused another to in lower company. sales includes with G&A. expense, our open restaurant Bloomin’ levels. are we stronger questions. margins, We better, that, operations a to for quarter strong have X.X% summary, to This also as and the
