John, everyone. QX appreciate join us morning, Dine was for good Brands. Vance, the this another and time Ken, Ken, and I morning. Jay, taking Thanks, you to terrific quarter
benefits our versus brands strong both a our XX Average quarter-over-quarter value sets. driving recorded in competitive reinforced consecutive world-class Dine's in reasons: highly weekly IHOP brands; their like and QX second franchised our for performance the of of business, the And levels results model. pre-pandemic two two peers. exceeded EBITDA. this for beat again the asset-light and increase our for of the the Applebee's resilience our quarter, first and For XX% posting we sales time,
why Let me is. explain that
different And a operations complexity to this, during and and is our our reduces cash. costs and agile. tough uncertain our commodity rising been keep trust Said is allows pandemic, have best, exactly experiences Brands continue to behavior I you are building movements we volatile delivered joined, Dine menu guests lean allows providing us, when from and and they're Applebee's due said I are value us all with enjoyable way, guests, and asset-light the what doing invest better labor like time, connections when guest they great to year. all do of And win times significant to focused just to same of in us also appreciate technology. First and moments delivering results IHOP that they gain particularly that and share, marketing delicious at period. that generator model food able innovation, and and we us what It like our And less which the to love first that's on during create we're are period at is because another and while to special emotional safe. brands
view of the our pandemic year, all So, the call, moment our the be and address XXXX about this our distortion industry this comp growth. we'll allocation I'll long-term capital sales. sales comparing I'll share period to as of today on of time QX highlights results. in and fantastic I’ll due in to On talk in thoughts same XXXX
EBITDA, and go. including comp sales, development. I'll flow QX we cash here recap So highlights
steady $XX.X unit of brands' and compelling million, the progress Box, model average And segments state. in weekly again continued reflects Black Applebee's EBITDA and sales XXXX, both the levels. which brands, QX. outperformed for a million return to towards We recognized according and our pre-pandemic of resilience exceeded to first First, revenue our time their $XXX IHOP in of franchise
via approximately $XXX.X capital generated business. For opened XXXX, the back confidence investments September putting restaurants, thrilled a adjusted And join strong with signal third continued signals into million XXX that family US, particularly nine restaurants of free franchisees' Sun in performance. cash. we're XX their Holdings, the another our acquisition transaction We restaurants of we in Aecon largest Investments, the which of months through of Applebee's the owner Applebee's ended the
now So, We're meaningful unique this in results put in let's of our the time. moment tailwinds. enjoying very context certainly
lingering on points delta from closed. continue five First to so to to the such guests mask their and while Also of all And our Group. This that our to permanently Boston of know and tell shift why. indicate it's the national you did the also navigating despite well, extraordinary US of workers got restaurants material and rising adverse unprecedented of lead Americans dine share have the and labor, Yet, we on I'll Consulting according mandates. time, bullish takeout XXX,XXX and tell scarcity variant the in And did unequivocally as independents our uncertainty you testing habits continued certainly strategy. cost to cost are the numbers market related recent of effect we're as headwinds I've the vaccines of that certain moment you to long-term And, a unfortunate this that shortage not delivery. course, out commodities. chains trend. rising
XXXX. segments $XXX are and family a recover to billion market remains industry restaurant by the fully casual the First, expected and
Second, jobs pandemic. before tells business, are supporting an recedes they to additional globe economies. our franchising restaurants COVID around engine alone consumers just increasingly visits they X,XXX we increase more as wealth will have in tell state third, emerge us that Research a At Dine the we XX% XXX,XXX than growing employ entrepreneurial as and XXX approximately franchisees team an country operating entrepreneurs report for and often and and members COVID. country. us go that their across these US the local And and creating launching as restaurants remains the their did of consumers optimistic they'll XX% as from
end of for at beginning we're plans are focused that Now tunnel, teams our our the growth. on to the see long-term light the
Our now. It's right to set of and those approach is simple goals I'll goals and touch four straightforward. audacious on
terrific growth new learnings development; consumer new And and new hired We development from Rayburn of our Brinker VPs who behaviors see intercontinental, the to new its we these will by those COVID. Hotels, a growth that emerged come Don kitchens. beyond is be in a drive recently achieve VPs growth Barden Yum!. restaurants. unit and XXXX of reflect to those this two stores Applebee's XXXX. historical experience Jake and doubling Starwood We'll IHOP net the unit RBI through goals First, and see combination To returning also shepherding and and that prototypes with during we path bricks-and-mortar new of
investments is in you to second programs, we're and loyalty focus leaning investments our These I've innovation CRM. And before, into Our meaningful marketing and as leading will ecosystem menu year-over-year. consistent our told digital addition scale. in drive same-store growth our industry sales tech
in build and invest strategy XXXX. tools of is remain have innovation we advantage do its track the common or expect to Our on brand own. by approximately accelerate more in to enables new technology either architecture And modernized digital for to we end one year our could of both than the this that brands digital us on XX% to
of XX% resulted third total our XXXX. quarter system to digital X% in compared sales of only in sales this fact, quarter In the
footprint. kitchens our our in Third, the sources will virtual brands, of focus And to to that and significantly international line. products contribute and bottom have to potential ghost and revenue think grow growth our very our finally, a consumer new profitable we're we renewed investing franchisees on business
next John hired Bajus too initiatives forward currently enjoy Here sharing of on more in Development, we've on global a and expanding year. He'll International spring our GNC [ph]. focusing We're be to details with Enrique momentum these scale. core in where four from City York new Kaufer in and investor and New markets conference other during VP experience looking we of
us So to invest in you'll see we have growth past. and initiatives XXXX extent than in in greater the a beyond,
website. pursue our that debt allocation to address you the a uncertainty judicious view XXXX and well approach in expect our discuss our us We've dividend capital cash which shareholders, report found the a flexibility reinstate to balanced our ESG organic to I'd management incorporates of in right optimistic and also the buyback cautiously to maintaining guidance both moments. now XXXX enables of growth, repurchase As entitled opportunities be few right and issued our Vance pandemic, dividend returning guidance remaining on our update investments acquisitions in EBITDA We're time. share program. any Together, our context, strategic an details and remainder and quarterly Dine both to recently conclude on scalable ROI-driven potential in XXXX QX share our our and Brands' can year-to-date both with needed as the that able programs the diligent financial result to will can With efforts. initial remainder of as share ESG our just Dine performance like of from as and and for at to a
include our closely makes guests business on the to As we've are businesses and brands vision society. at increasingly we've who and our team resonates how good broadened it and to impact our as looking This grown environment business sense with contribute society. members
social lot a while to the do encouraged ESG over our more financial meet I'll governance. devoted focus us our I'm responsibilities linked. progress inextricably food with our impact our And by it and discuss to areas: turn we've to to that and our our our planet, goals, deepen for got innovate to Vance people And we've systems. And our made, our Our is and four our and report performance. to strategy there business are
