during joining begin Shaun, the us Carolina and the X you, our quarter at licensee Thank Columbia, in fourth Greater Airport. and franchisee the bringing XX, Charleston, total call Carolina South financial South Carolina, the including to X our Bad performance a quarter. then Daddy’s and summary fiscal in with today. business review restaurants new our for and Bars South of Burger in the Charlotte the on opened high-level We everyone thanks for I’ll
that open for to new of restaurants late schedule quarter. mid the the these XXXX with fourth pleased performance the opened XXXX development given unit and to the early our added performance we And in and end X have at to XXXX. We’re fiscal restaurants restaurant fiscal the fiscal expect of of
Bad throughout quarter. quarter, Daddy’s X.X% Comparable consistent holiday for when which shifts sales the was relatively the adjusted for for decreased
party. an Our has X comparable of subleased quarter to Times the Restaurants closed that the posted sales been the Good We Times at X.X% unrelated for quarter. growth Restaurants end Good
margins, indicated December, shifted improving our high-level Times. Daddy’s focus organizational we driving with is intension restaurant our performance restaurant-level our earnings Bad by As existing in of call of in the from Good and temporarily stabilization at to growth growth
multi-unit During tough the control. adjusted our quarter, made of decisions spans and some we
southeast, specifically, quarter the the we beginning Bad by spans quarter restaurants X but the approximately per at end X district. district, In Daddy’s of per of had of had the approximately the
Additionally, a the of [ph], we experience years operations Bad leader, [Jim Daddy’s brand proven new and the Jim has with have Abbott] results. overseeing with operating several concept. experience delivering
the brand we in status Bad heard influenced visiting from many and ideas And have have test works. different objectives Several the restaurant in initiatives I’ve that of become somewhat at quo comfortable these Daddy’s. our with to restaurants, good We consistent contributed ideas leaders.
to the will for Denver a to Labor wage. need will challenge we number that Colorado. $XX be $XX.XX continue we solutions on restaurants us wage for given hour minimum statewide X, city an above have of implemented January the minimum in of a find The
Good X only legislation, of impacted. this We Daddy’s have jurisdiction are Bad but the several Times within
basis to model in point than part current our standard it’s Colorado the in approximate the Bad the our country. of front-of-house results the an the for legislation, tipped Daddy’s, compared southeast. Under team-members wage southeast that the Colorado wage the of restaurants in cost at for our Daddy’s X to in statewide required Bad more And XXX in between paid minimum our labor our be difference wage times restaurants
plans he and is has One this. of Jim’s costs addressing these developed accomplish highest to priorities
the into retaining of management, by non-competitor restaurants competitors the a First, in result reduces that the costs, managers knowledge, within and training them clear we know and skills or higher to employers. to promoting in for losing of But who should role. leads management path members. of us hiring results success talent high them the have qualified instead establishment and to it a team installing This hourly also potential in values likelihood
Second, not include responsibility bar but like motivate service catering of manager, for between will the we such empower P&L. bolt-on only clear will responsibility and drive performance and training. culinary, department The which delineation store for to will throughout responsibilities each results roles these in-restaurant managers clear local restaurant-level ownership marketing, also establish and and
fixed adjusting members. number all Third, team members, irrespective structured This of to development create for part one will managers volume in which mandating than based staffing manager model we stores our of of roles key our is are volume. upon rather our plan hourly salaried new team for a hourly
don’t initiatives initiatives drive operations. underway. merely we stop To other sales, with Our have
off-premise have sales the many share noted, growing restaurants have pie. a of larger been As other
But have lesser growth opportunity skewed see with significantly Ours too. legs aggregators. delivery been through such in towards has of sales the catering profitable We an as restaurants. our third-party many
already Some asking for. of whom are have customers something as this raised their
which of ready in of in be program, nearly have structure number is the test to limited finalized We launched restaurants. a this
quarter. the is to goal Daddy’s at company-wide out Our roll third Bad this during
advertising are marketing and expanding activities. We our
made market. however, of in isolated a Charlotte store just radio local as burger hometown to have and marketing market not Such our first broader local initiatives, us Charlotte are part store the the Charlotte. We activities company-wide, traditional bar buy the as reestablish public to in relations local
marketing company-wide, technology customers, spend digital existing and Additionally, as and profiles customers, as to demographics our buys, remarketing with with spend customers with our similar social as well our e-club. existing expanding using on our help beyond such simply we’re to targeting partners us longstanding
sales some to greater during have second and accuracy with pleased sustain ultimately, this small traffic growth. At on We’ll will our into and speed and the and customer Good quarter initiative. execution translate make the during finalize investments Times, loyalty, sales help that the confidence us of focus we’re equipment strong the quarter
we awareness continue foreign Colorado as heritage, trying our native, to a also competition already are and existing the a that increase the as our see in We’re Colorado to of home territory. we company fact
become on loyal class-leading intent achieving we’re we products known for. of consistency a maintaining that and customers our through expanding of but and have have high-quality speed, maintaining the while that We following
versus At Bad review to this same in XX last quarter Daddy’s million, XX% an this during year, XX an first calendar approximately million quarter more last now and $XX.X week quarter’s restaurants. weeks weeks fiscal increase Let’s during of the quarter quarter. sales were the year’s operating due the approximately We versus restaurant store due $XX.X the results. to remainder had additional new
Daddy’s was same-store during comp Daddy’s quarter, partially with base the quarter for Bad growth decline during base during the X.X% additional offset of Bad comp in comp joining X Bad enter fiscal quarter. the second the entire XX the XXXX. sales Sales will included the Daddy’s the were our by base in X quarter
Daddy’s Bad the point from for XX last Cost was XX.X% increase of quarter, first quarter. year’s basis sales a at
basis We a quarter labor the including quarter. compared increases Bad expect to of fiscal in XX.X% the increased light for cost Daddy’s for sales fees run sequential commodities points prior to by in year basis slightly of XX on to higher cost XXXX. approximately
quarter management our was of This a across for approximately year-over-year coupled inflation compared X.X% due wage wage of increases Colorado. in higher This increase this was to on is in year. last basis, the restaurants front-of-house to increasing on quarter rate double-digit staffing a with statutory level the top for the back-of-house year-over-year same wage up employees,
to Daddy’s sales, or non-GAAP Overall, was $X.X a last $X.X restaurant-level measure, of XX.X% XX.X% the million to also of to or to due net labor $X.X Bad a primarily points, last million slight for first operating year. for and increases of as increase sales percent quarter, by sales. compared due but compared A year’s of profit, million costs, increased occupancy lower quarter, but cost XX in basis costs
by Good of sales, and the to X.X% positive million, Times XX.X% the fourth approximately approximately basis by increased Food quarter. Good operating packaging million to Restaurant sales to costs $X.X million at comparable quarter, were decrease points last a $X.X for extra compared Times XXX week. year’s $X.X for and the driven due
last XX.X% menu quarter last X.X% versus As This year. by quarter Good the and from elevated benefited labor product the we to in average improved our lineup has Colorado. Total and Times competitive The adjustments result increased year. for increased is Custard XX.X% wage for quarter, wage labor to same in costs the improvements last waste. approximately the pricing, Good minimum during quarter the of market discussed from rate Times
quarter. Good Times restaurant-level $X.X the operating profit for million increased to
sales, primarily cost higher and percent due enhanced of sales, offset versus points increased leveraging As restaurant-level to lower operating XX.X% labor the the by by basis by a of volumes. higher XX of year unit average to profit partially cost last
General points of same a X.X% or were increase quarter $X.X approximately the million, total of expenses during approximately basis $X.X year. the revenues, and quarter last percent administrative versus an but a decrease million of XX as
operating due our to increased costs most expenses weeks. G&A week function This are additional quarter’s G&A as nominal of the of operating
than the prior the greater some managers’ Bad we multi-unit number in year, to a our general concepts of related related incurred conference, quarter, Daddy’s healthcare amounted offset additional to G&A During had costs $X.X generally costs at our other collectively managers this by to CEO, approximately But and with the in employee our residual former which costs termination of plan costs. was associated million. reductions both
the loss increase last preopening year. offset profit, quarter loss non-GAAP the is in nominal week measure, narrower impact was the in a operating versus This driven operating increases by million loss first net G&A restaurant-level of of million quarter. Our including during costs, the in net $X.X significantly for quarter the and net a $X.X additional the by
the reported credit $X.X and with In in our of drawn approximately with $X.X We from adjusted approximately million Bank. year quarter for against release, from year. the quarter quarter, rather last our or million $X.X Cadence the press EBITDA $XX.X the million finished we same up line million cash
estimate sales In updated We X.X% million. flat sales Daddy’s Times. same-store includes a year our Good for The for It X.X%, approximately increasing for the maintained by for year approximately of for but million initially assumptions Daddy’s. to revenue fiscal a revenue the rate of XXXX. approximately $XXX at end assumes estimate release, same-store to guidance decreasing $XXX earnings the Bad of increase of we trend full the Bad of
and to of approximately $X.X $X.X during year mid $X.X the It of with performance million upon million consistent X $X.X includes this the and between during we’ve our million loss million. to earlier our adjusted guidance addition quarter net my unit the full-year EBITDA, Based fourth of to a increased late of comments. quarter, new
We at from the I on quarter, in quarter As quarter’s will movement clearly conclusion quarter. the that still make. focus that last This during which costs discipline. to over impact in progress commodity of operations year much call, have a very we direction, fiscal we excellence comparisons the have but year-over-year margin at and mentioned represents first prior new second favorable roll Bad Daddy’s
initiatives our begin to basis the take in manifest beginning favorably however, prominently begin the expect, hold quarter, comparing and from to year-over-year more results. We a our on in as themselves basis third margin
that, open With we for call Shaun, will the questions.