A. Mobley
call. out studied the a the afternoon. that out over assume With press substance a that get In the of $XXX,XXX income and operating of X-month quarter $XXX,XXX yesterday third income with the release net of Okay. that quarter summary, we'll little all way, a to third of operating I have finished $X.X of of the you went million. the income and
and may firm prior deferral previous approximately auditing a for $XXX,XXX. recall, we the and been had amortization you would system. recognition our by used that, our this place expenses fee in opening quarter the system have If to changed As income income net had to us of franchise higher
auditors new we're evaluating was of the and previous way agreements, agreed methodology. to income the franchise return the our recognizing Our end to based previous on year appropriate of before and that terms expense that our whether of
same-store Pizza payoff regard, at kept XX-day sales looking we focus service. of continued In on X.X. a So now Google at increase That's efforts, our X%. & number we're Pubs, about the in Craft of rating a had that seeing including our
for maintaining experience value-oriented positive a our on pizza. of focus WOW XL and overall guests our Our reception the
add-ons the experience. year, what new carryout we Those we elevate implemented call As carryout service X you WOWs. may earlier the were this recall, to
dining expectations. which experience service to to staff position restaurants we Thursdays is guest responsibility.
Again, in an guest the new hourly the room Sundays So late this added as we exceeding their summer, focused job position and on is operationally our extra sole in that guest through goal we're ensure on service the we're calling provide a lead, introduced
labor, third that service of salaries. up costs percentage annual time there salaries presentation a you'll how in the pressures the Speaking reduced shows and back refer I'll extra from at our management we to position the nearly X.X% a those There's on meeting. despite quarter the from chart the average despite see that you that previous basis over increased were year.
labor basis.
Cost done directed but way way, to and some Our a in management of some also job cautious a on task culprits team primary hours management us This of moved scheduling, battle I've has labor hourly has a reduce a really a sales marginal in is but there expensive this. subtle in to labor changes good expensive costs responsibilities. from managing more for salary quarter, that allowed X are this less
basis. higher cost we're has First, XL that Pizza, the a percentage value-oriented promoting
we with and second, The XX% makes up of are of that prices, exorbitant the cost cheese faced pizza.
at elevated the in midpoint cheese market If over quarter, the you look the average. long-run about of XX% the price was
today. week, the and come It a recently for bit that will through fast. down to lot around we supply Last very that right a ended here chain. average, time that's Fortunately, below long-run and of it's the bit take up work a
X the underlying Our same amount about they inventory. through distributor and about weeks, buys primary work every of
are prices weeks probably lower at So restaurants cheese our roughly X out.
satisfaction. we're a That our huge between for well third-party into. few announce I is that is am now online integrated as delivery without fully POS a system, online staff our system pleased and quite to process we for technology not our really operations Our thing provider. that hurdles our as digital but ordering progressing, guest primary run
the the provider development, process, in introduce slowed loyalty app acquired, and we want ordering their but app was at our recently program really our integration has to time. loyalty just and same with Currently, progressing integrated is that
mind nontraditional franchising fees quarter are X progress the and business Keep and to where here side, for XX% the over franchise in life for almost received that the the amortize cash months. for third in Franchising thrown in revenue increased the On again well. XX% comparisons agreement. method of them units new off with change accounting defer the we the continues that franchise
look just on income new the about at XX looking opening look locations XX% more you year, schedule. the and If far current Plans for part year's an the opened period, remaining revenue of of the the X-month so XX almost at this you're very royalty quarter busy for by end. the weeks increase.
We've
we'll the location year. the non-Majors that be example, next locations just by And next doing X have followed such Majors week and X more well. just this For more week, location Tennessee opened Missouri and we in opened in week as X before we we a of opening end a
to this news, at great year's concluded significant in to experience operators Both show, leads Vegas. store of the the nontraditional other accumulated we In great the in Las point. pipeline units energy trade unopened and this recently add and placed show convenience pipeline. very number new is sales a healthy we've a annual and sales a of lot pipeline and time for our of sold We
are move still Well, It's the happen, and and will parts get there, just does There want we move Okay. always pieces again lots at pace it possibly the we control, of But is it as always involved not prefer. concluded so making which are it sure soon I'm not it progress in at in very our it pace you're does of once the status as significant very of can. under refinance all is not the proceeding. moving to. project, it interested the active,
principal months, $XXX,XXX over on payable $XXX,XXX. during of accounts and company purchased payments in X current debt accrued $XXX,XXX, only reduced made total meantime, cash equipment with for about the expenses $XX,XXX in the has $X.XX by a the reduction and million balance. the first In That's
is significant generating company the So cash.
I've from I thought I've your quarter but the the following figure had following. I picture been you to coming the can easily before circling illustrative back Now third as around names, questions. and were big followed to commentary why segment the we've time, out. won't companies few we're X them name CPP get on of path we a
and we had a price they the sales path not they company of one, price. X%. value. the but consumers requiring reported commodity better pizza niche commitment pizza right. their looking And end in looking focused They're what I on the that the at is down That that on exactly a spectrum the expect. forward commentary, best at is think major chain of In world, that pizza On to convenience they're are the expecting
instead business. on They the commodity in decline, decreasing than in they would being was their is of commentary and the premium But rather in other and are menu, sales interest business, for a discounting The company coffee to exactly Instead guest not management And but right their reported on for on but X% similar the side, very is the experience of different. deciding market. ours. the their also the we on more pizza that niche again. I is the offer the be what discounts to price focusing pizza the strategy side, more think
our is on think move what is committed niche right that guest Focusing I experience the in to, for and market. the we've the
that decrease and to deliver we've steadfastly better experience. can refused years, quality quality WOW doing have more discount to service regular more to menu. to to we to or the decrease while our and Over last portions made add we everything few the Instead,
so. I and continue it think do paying will is think that off, I to
Okay. Well, with that, the portion we the of presentation are concluding call.
your Next, take Paul and questions. I will
