it. appreciate I Alexa. Thanks,
we've we received that are we whatever banks, to as we investors, might shareholders, some to it be. these to talked So questions talked talked as as
that to we sure to answers hears address make things. thought as to these it the whole a some And so these everyone of was important same
questions So bring I have up. we're to going X that
the optimizing last details the first communicated Can status is the engaged company restructuring is, more our they in the provide fully Pokémoto through This each question of concepts. effort?
So locations the closing process segment. franchising. of refranchising as this and the company-owned earnings underperforming growing on were restructuring So communicated, on while surrounding legacy restaurant the company the you previously restaurant yes, consists units call, of so concept
a of while this continuing revenue. goal overhead are increasing operating We royalty and effort franchise annualized expenses reducing restaurant with restructuring
was since we X closed XX to which X we also locations, Pokémoto we've back locations, the effort, underperforming So successfully and a in refranchised started Pokémoto should another converting next have be location location we've franchise over in QX, this that and days.
the locations have we over sold basically, last So XXX here. days, and more that's XX days pending one closed to or X
actually making very So of progress short time. period with These X of leave efforts company of locations. in operated a and total a company-owned the lot a
we're currently So sold agreements opened Of close our have those of XX on goal Pokémoto locations have locations. under Pokémoto franchisor of We today, we the XX that opened been locations, being construction. over focused XX to total have not X yet. restaurant and sold a franchise plus getting are them currently
locations, So around as little XX today. continue at locations, we a buffer is basically, to we over your XX -- open sell more locations
efforts, in construction, we business. In et and these capital this up the free core on examining to through locations segment order are opportunities supply focus to parallel attention cetera. open our actively to continue to divest chain We potentially
equation, potentially able the ourselves of the future. are to restructuring to restaurant into this So divest side positioning we the be
pivot the says, number pace. global two, a has overall Sadot's chain, there's focusing strategic right. Can So very been lot summarize on rapid the what of food vision?
All year, company over at past looking question with moves the supply the a made a next question, is you
before as kind get a start with whole, deep few first -- I let's of that too of market a at right? So the are growth. I these factors right? the macroeconomic the population to just into So want This look things, you give that, some is global driving
As you diminishing you supply. decreasing increased demand an food, have right? population have obviously, As growth, farmland, have they in there's
going commodities want global okay? average to demands food increasing out impact to have I be basically where means there. are practices leads help regions security of Sadot day, the relatively So things of to at regions the decreasing That we're company. where And end can with make a And a implementing global ESG, difference, so at supplies. that global providing these food that's security we sustainable in issues to which But actually We in is kind at. be distressed it's look and new the issues, ultimately, the into right?
that's industry largest and to in agility utilizing the the have distinguish a build the that's of ourselves companies working to of chain opportunities. though, developing some growth populated global wealth experience its is. leveraging practices diversified We think in with experience, Again, innovative realize is an supply how and immense and to potentially large overall in actually sustainable that and locations, by chain, food supply products opportunities of the and world.
Sadot
shipping, and that global eventually spans chain agri to We food building are company distribution. a warehousing trading, processing and from supply farms,
and existing turn in Our way to the a operating of involves affect results. the food our diversifying supply in complement operations, growth additional will has strategy that chain which into revenue verticals potential
diversified chain demand and security. company is food on year been supply decisions has have well global the the believe made the with a concentrated sustainable growing throughout and moves for the We that aligned building business food all last
overall strategic opportunistic We themselves our will present be when support continue vision. in options to of
want is, company up the does last XX and we bring looking believe company cover, Sadot has of undergone the months?
So transformation. see to the management kind XX question I what like the remarkable in to a overall, question So that
are restaurant-focused from in a when revenue business a over alone. million to $XX roughly $XXX revenue we We elevating QX our year million annual year-to-date XXXX through were
$XXX done we've a restaurants, million annually doing quarters, were on X from million huge we in difference. focused when $XX So
in presence XX the chain. of way potential by supply do to diversifying as growth XX into operations envision we segments well will this as in top to next months, existing a our meaningful additional sustainable bottom to and the our a affect complement a plan the lines way. the We Over in global that
to and and food vessels, several ESG involved negotiations credit impact with dry and We're trading projects, shipping in others. partner security farms, carbon contracts additional utilization, bulk
a diversification going are through generate lot holistic on a opportunity forward-looking that's there. all These out practices. lot and have to of We a of and plan part value
to the So questions sure covered. those wanted are we we X make that
I some for to up it may to some have. the they and Alexa, So open various -- time it's investors think for analysts questions
