to and the everyone Josh, call today. good on Thank evening you,
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So touched best information would believe our like you before going into numbers, the we share quarter. in will opportunity understand to We performance I whatever take our important and to get last to follow forward. on it's something assess help today the on additional and both I up
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the guidance standards. effects tax As tax future rate such, potential new our for excludes any
to tax We adjusted the new pro continue XX%. to XX% between annual effective standards excluding our forma expect rate, be and
in will provide detail February. we our fourth this full As quarter guidance, call for in XXXX on
like to share some perspective. time, would we at point However, this in directional
to and licensed for to representing company-operated XX% also of domestic a year, of the XX rate Shacks, licensed new XX and net open We rate unit growth expect between between company-operated a growth to XX unit Shacks the growth XX% next combined period, XX It's approximately licensed unit Sales XX%.We expect Middle to certain implying lag our off licensed year. business our important strong East. note in with come pressure ongoing growth honeymoon expected XX%. a of to that tax in is
As our plan X% to on to pricing mid We December. will geographic pricing, based for have it pricing effect which expand relates multi we XXXX kid will in a estimate net our this model kid footprints. out to rolled increase, of be X%
With system I sure beyond, deliver growth significant are allows that robust scale current making headwinds. lightly to trends is on food have in view and am is traffic few Our based On price over infrastructure offset our ongoing that experienced given opportunity. will preliminary of basis, expectations our in traffic any XXXX and the scalable last XXXX we our the by that sizeable be quarters. our upon increases the expansion
operational in we upgrade and mentioned just I systems accelerated global this a As to our continued in order growth. plan and support XXXX of number financial to
call. We impact our this Randy will more expected on color give of February of
XXXX You should reflecting past. expect G&A to investment line in our the
excited Our for increase our leadership having well out as retreat office, space. simply providers perspective space XXXX trading our new as the original business a kitchen and growing this and centre innovation time earlier. testing test addition our it's necessary also advanced and opportunities transition in our a this at for from corporate We're Randy about as will mentioned an include new G&A
personalized innovate products will and quickly of our embrace on Shacks. of certainly continue year and to us touches will the all continue invest We our see that our and guests with app, guest to or increasingly move believe Technology you use that business. be to to too needs whether of connections insight and digital continuing sales. data aspects design satisfaction and invest the in guest to Next our that drive
growth years Shacks. the ongoing as continue of previously We With short for and and term and maximum pay-back discussions opportunities compared to XXXX, to full for clear result investment be from continue will the to necessary see making will centre. in in menu the we'll new drive impact in and which we to mid-term open things and have cash come. where for returns sustainable Depreciation of healthy the investments on to page mentioned XXXX materially long the primarily do strong always year grow. The higher managed on XXXX decisions a new a training scheduled we supplementary illustrate from XXXX innovation materials, development X increased to our and Shack and is we expense technology
period for as well given of not profits impact opened, cost any generated. Shacks of as new concludes the results full in However, the pre-opening Shack and the Shacks cost the our yet sales period following appraisal
we this this metrics strength on As fully and of increased the focused certain is business. openings of exacerbated does and pace effect performance isolation not therefore underlying represent the of the
value for execution creation Shake the on remains the of term Shack. long opportunity significant focus, Our
up, feel continued about the we slow quarter was sum growth to opportunities our So third and bullish results ahead.
in in to and ensure generate We we leading an open its be come. will also invest Shacks ways, strong many cash yet many year-to-date plan return. expansion margins AUVs, years will our are to a to which to year see growth that will industry to us that XXXX committed biggest that continuing and cash can represent continue shoot scale operating for
even ahead maybe. digital We innovate and guest tools, ability and our and our evolve in we the processes, the are And our to effectively technologies to of experience, Shake for make the we infrastructure, curve brand will our overall systems, continue efficiently. feature our scale and supporting to Shack will sure maximizing that invest guest our expansion whoever
over to turn Randy to will our with back prepared So conclude it I that remarks.
