Thank good you, morning, everyone. and Julio,
quarter million to to compared $X.X $XX.X the revenue total third XX% quarter. million year-ago increased in Our
New rate sales our a system-wide March digital improvement restaurant in new on high continued store 'XX burger quarter. a by to openings, increases, same-store drive premium the retention for supported and SWAG burger third introduction strong sales in
quarter. sales X% an increase restaurants corporate-owned third the during same-store delivered fact, impressive in In
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component We recover. continue very to business, digital in-restaurant retain dining to a to such while be pleased high of our our continues
and the quarter. technology will discuss later, quarter $X.X to we Julio experience with $X.X Restaurant-level sales. for omnichannel frictionless were more in year-ago guest expenses to continue As satisfaction the goal million drive invest the compared operating in delivering a will of million third to
market. our investments which attributable assets of margin managing year-ago common margin quarter. amortization quarter the the significantly challenges purchase net related to related Adjusted quarter was restaurants. interest investments in selected approximately increased primarily costs driven BurgerFi was to leverage a helped net the offset compared December by being to to the public controlling in the shareholders a of and the intangible to to $X loss the to improvement The we attributable efficiency in a store loss EBITDA share-based of and costs Our from in loss We loss public store development over the quarter. this well expenses, labor that by costs The and The to same-store year-ago as growth $XXX,XXX resulted the year-ago improvement acquisition a resulting the food offset and XXXX, a controlling quarter. of year. compares the revenue million, Preopening of largely development primarily higher investments from to from in the mergers reported digital the margin, the channel expenses period third noncash of of improved and as third as year-ago company. of restaurant-level accelerated within compensation operating a higher was sales corporate-owned being company inflationary comparable in operating which driven a compared sales, improvements expenses, our period by corporate-owned $XX,XXX of drive also operating were $XXX,XXX
the to on balance Moving sheet.
to on million December million $XX.X the revolving of $XX reflects quarter well million, line of restaurant approximately 'XX the of Our $X The corporate-owned termination primarily the XX million capital year-to-date as repayment of and September in construction balance at XX, related locations. to credit compared $X.X XXXX. first of cash of was our as expenditures new difference
short-term Moving on remain optimistic to about long-term our prospects. and outlook, we our
other the updating are target openings experiencing and are XX restaurants, and of locations. to construction approximately company- BurgerFi to similar XX labor XXXX materials franchise-operated of development XX from expectations restaurant for previous to we companies, availability our down Therefore, However, new and with store restaurants. we of new in our challenges for
as including of areas. October. about restaurants strength to opened XX are in I'm quarter, markets of October the we And Most opened XX construction third in we're locations we stages one in result, -- including in under opening year-to-date and which development. During the quarter, build operate third XX new the in. signed we excited the leases, brand one the through of various on currently new new restaurants, continuing sorry, of XX a are those have we Further, restaurants,
of In partnership number target Kitchens Epic Kitchens, new sometimes XX addition, we we and meeting performance our with to and locations our with are by Ghost to year-to-date Ghost the increased 'XX end of Reef by by XX, spare. XX Kitchens of through Kitchens our of Ghost have encouraged the our
a took higher increase the in we the In from the late operating price terms X% of expenses. strong increase significant and controlling restaurant-level was store This driven year-over-year by which of in year-over-year saw we impact leverage same-store improvements management sales improvement, margins, June. also reflects omnichannel,
higher seasonal look saw with locations to most we the October, to we reopened recovery. margins where should quarter We third margins also our add operating franchise expected that momentum quarter revenue our in in that have produce sales flow-through in higher September the are fourth know Separately, pleased to and and continue sequentially. to we the operating which higher forward of
the In locations. as of $XX XXXX, related due forecast aforementioned of We million challenges securing and delays of and terms store of to result labor. scarcity of planning approximately have to forward capital we to expenditures a quarter look capital outlay, these locations the equipment, from as from in delayed down the to late $XX more $X slipped early robust opening plan million first 'XX previous in a permitting for our opening are million, some construction 'XX
on of of Now transaction. to like touch I'd the some details Anthony's
In notes $XXX.X no transaction, bearing purchased million. and pre-COVID-XX that basis, the XX we debt, multiple per assumed Anthony's will million acquired, considering of of revenue Xx for believe the operating we environment bank produce L store a from June interest. On other debt mentioned, bank million COVID carrying Anthony's the strong stores revenue. and an rate approximately in $XX.X debt of The for million paid margin of revenue mature interest we Catterton performance previously When in comprised $XX.X XXXX. as stabilizes. operating we $XX.X we of As X.XX% payable Anthony's will
forward. send Julio? plan to our going I'll strategic growth Julio it back and Now to discuss initiatives
