million sales of Total $XX.X increased number period, the were a the XX-week in week. Dan. to operating XXXX, from week fourth included extra in prior million X.X%. restaurant quarter, year. million the out XX-week you, Thank for sales the compared XXXX The Adjusting restaurant $XXX.X the $XXX.X additional period revenue
by X.X% and an growth in taken of X.X%. price XX.X%, comparable the came X.X%. the at sales which menu $XX,XXX, Average restaurant exceeding Our increased X.X% weekly levels lower increases promotional check representing XXXX traffic during from King year Burger decline partially by activity, were King Burger quarter. during levels Average reflects a per XXXX while improvement sales offset restaurant of
X During XXXX, opened closed acquired restaurants. X XX new restaurants, restaurants, we and
of Midwest, representing our Restaurants, of in our up our were operated finally, as Restaurants, region, Central, region, King In comparable by of across the at our sales In were restaurants, sales our And the King restaurants discuss X.X%. now King states. Let's were In South the XX% quarterly X,XXX Burger XX.X%. up Burger Restaurants, King the performance comparable were comparable sales year-end X.X%. our comparable Northeast, representing sales XX% of up up representing Burger XX% Burger XX X.X%. King Burger representing Southeast XX% we
period which revenues during the XX.X% U.S. by impactful a the Nevertheless, we evening in basis in system Staffing sales the decrease hours increased XXXX. sales. previous in of our versus points Popeyes our Turning fourth of X% particularly quarter outperformed X.X% same the represented to restaurants, of during quarter, on challenges restaurant Popeyes total fourth comparable the were year. Popeyes XXX
packaging challenges during particular, XXX inflation per experienced percentage points the in and year-ago primarily points to favorable recent third $XX.X rose the fourth of a and points. EBITDA higher of XXX XXXX. of Compared contrast net points, quarters in net quarter, million in a expense was XX pound, margin and ago. million, points because pound restaurant sales pork, XXXX. in sales. extremely percentage period. quarter, $X.XX. were the basis $X.XX to basis the commodity costs to third of beverage, decreased only beverage, labor to basis of in labor In and Cost food, only increased and sales to decreased quarter a $X.XX while as fourth sales as restaurant the also the percentage result basis fourth fourth year rose per as percentage of XXX a to of slightly EBITDA adjusted were As cost a which of Restaurant compared conditions most sales adjusted $XX.X than compared expenses improved food, of quarter, same basis the beef net the a as quarter the of X.X% the cost packaging Sequentially, of quarter costs, beef, the higher quarter in XXXX They of between third commodity XX the other
hourly about $XX.X increased was costs impact quarter week members excuse This managers, expense basis to labor additional increased to our costs of of the week to Restaurant to primarily primarily as extra overtime, of the $XXX.X recruiting of -- of as inclusive of the utility labor to excuse factors, incentives, basis team increases paying million million the the of the as expenses such decreased well XXXX. the expense points in number million, employee-related me, benefit or increased year. the rent other of Other increase quarter million due $XX.X assistant total higher in quarter, to the XXXX, increase responsibilities, management increased XXXX. fourth and last rate of me, from -- a half increase extra of restaurants cost remainder the of the Excluding restaurant points a XXXX of opening excluding sales XXXX, extra percent necessity closing to labor was labor compared due increases. due the week this as wages, retention. compared weeks to impact number to higher labor past same $X.X on which, XX spend The the the and or due to due take higher salary fourth including labor improve XX and operating period, our increased in premiums in for prior-year
this sales. fourth partially and but operating King quarter $XX.X the provide to locations costs. year smart by The Burger dollar in restaurant million expenses collection, terms to for accruals added greater was expenses. of was the labor cash last We administrative due declined in that efficiencies, safes also this of of fell majority to XX incentive $XX.X decrease compensation basis and lower our initiative have and administrative faster XXXX General and offset million higher in to from security, year regional points X.X% now
was was the Our $X.XX loss fourth basis, loss $X.X $X.X net for quarter net XXXX in $X.XX million share. On $X.X or adjusted was per quarter prior-year period. million, certain period, million, or Free prior-year was non-operating net fourth per loss to the quarter the compared XXXX, $X,XXX, share. flow $X.XX of In cash $XX.X adjusted share. an diluted items, million diluted in of per or fourth excluding adjusted diluted the
of under had year, time. borrowings us credit issued including full in fourth debt of the balance, cash and We we flow. facility drawn long-term with facility, debt, and of the million equivalents For end quarter generated such of when credit facility, credit our we $X $XXX with the of left million and to lease There ended our of the cash the free under at current $XXX letters million finance a This at provided and unused availability year. under that added $XXX $XX.X liquidity revolving no cash million $XX liabilities of of $XXX portion were million and our cash million. million
drawn $XX February we As stronger seasonal as credit our get of had into XXXX, we our to XX, period. million repay facility, on which we expect
ability As revolver our secured effect available more ratio is a requires than of compliance one to the capacity reminder, capacity is our only when used. utilize being senior leverage XX% and with in
and maintenance secured senior requirement. to EBITDA. no effect, net debt covenant to under have When currently we covenant below that X.XXx are need We in stay threshold
revolver X.XXx Our senior at the headroom current have to end our ratio so was capacity. we secured leverage available fourth quarter, use of the
total the X We for any to common as Our was, year work capital M&A XXXX. credit our not an guidelines we new fourth board. the pipeline. our be EBITDA $XX that repay total compared defined flow facility, completed Once included were were and end stock of by currently quarter. and X at generated restaurants the at fourth was restaurants. completed quarter, net million, have stood million of number X.XXx expenditures to the cash on during leverage above debt which $XX are XXXX in as remodels includes do this senior new not from to used the a intend again, we also We to This debt. repurchase of did in in use set transactions commence remodels that scheduled the primarily to shares covenant any multi-restaurant Net perspective,
$XX net million the capital under Our expenditures have over per years. last year been X
chain reflective are menu, conclude, while cost to we let's expect year-over-year enable clearly check pronounced, XXXX, we a make pressures half be a which to at gains, have with adjustments XXXX, for lines This combination the the potentially would that our true strategies particularly continuing with a portion the the construction our average us open delays of experiencing. come capital we affecting For made cost should ahead from net regain and of level, of questions. that, expenditures on back evident in been experienced ongoing XXXX. our easing basis. is headwinds margin in in a And and Paul, model we along erosion of and pricing, To and supply similar promotional to business the have are continuing to go
