Todd, Thank and morning, good you, everyone.
in to restaurant For of down The the the the currency. $X.XX constant due lower sales system-wide sales primarily fourth year in week global period. X% prior approximately were operations billion, quarter, were additional
the the of operating week, with the ago. down Transaction with system-wide point global down with North year sales the in a our XXX benefit a X% Excluding the were improvement basis expectations. from were compared XXrd year. and prior when flat quarter, comparable America year consistent comps sales prior X% were sequential compared quarter third fourth
value as that improved perception. comps XXX points improve transaction our transaction basis driving on focused investments we Sequentially,
for approximate Ticket As primarily it's as we clear were in an our impact will from fees. franchisees. in high that points is and drive profit-neutral point reward and approximate year, by the the December, reduced relatively from variable gain the mix redemptions from impact basis basis shift threshold of financial mid-November to we X% in in for the continued our our transactions, prior profitability XX delivery model impact due driven we discussed the channel down of an XXX leverage comps lowering beginning our transaction loyalty
impact aggregator carryout orders channel channels through positive continued year our our was fourth value XXXX. our this quarter with incremental the of had through Offsetting of solid carryouters also decisions of These our carryout compared result as segment aggregator strategic low a single in transactions we on Orders a and A our business quarter the in to comps organic targeted with large in focus year-over-year ticket fourth the lower quarter with addition, were as transaction-driving compared of and were our investments In consumer. fourth the delivery focus in the intentionally strategically decrease portion investments quarter. digits up on offerings. the year-over-year. a grow prior channels pricing
of our to sales in in X% seeing organic improvement International the tens points on delivery execute However, November sequential teams fourth are channel, year-over-year approximately as basis XXX our were a enhancements near-term we program. quarter. priorities, including up the loyalty our comparable in
at Total quarter revenues for international XXXX taking as Our key beginning down year. last across strength hold the million, seeing several are the of announced fourth transformation $XXX initiatives East. markets are were including X% the from we Middle
Excluding revenue our additional funds commissary flat higher restaurants the revenue. company-owned operations as at revenue by the $XX advertising from largely in offset week was impact million was and of lower XXXX,
quarter, and and prices $X and both week. $XX was due commodity were excluding discussed. year's increase domestic XXX This decline includes XXX lower up company-owned company-owned domestic revenue in comparable commissaries, million our prior our restaurant decreased and formerly compared a the prior the primarily sales closing an restaurants reflecting at excluding $XX $XX week, and impact America Commissary the U.K. revenues, offset at net of partially international extra the quarter, by to refranchising company-owned higher restaurants, company-owned our the by basis lower which quarter, year restaurants restaurants which in in now driven million Company-owned decrease decline extra international international includes the the million million fourth reflecting just volumes. when fourth approximately with now margin North points
second the were of national XXX funds reflecting $X began in increase week, the million points when domestic Advertising revenues excluding rate to the that prior up the fund basis contribution marketing quarter XXXX. year extra
customers. invest restaurants primarily the along the additional operating operations for XXXX. perception down to fourth our with in Turning Adjusted XXXX $XX million X% our we for fourth $XX to income year prior strategically with the X.X% period Adjusted in ago, continue the was from value operating at down an quarter year from domestic operating profits. quarter, income $X lower week into was million margins company-owned million of to of due a improving as due to benefit margin
adjusted prior week Excluding points year. when year margin compared additional and XXXX. the benefit points our fourth restaurant XXX basis operating basis prior down of the margins in quarter declined quarter the basis additional week, approximately with was domestic XXX with year the excluding of fourth the segment approximately approximately prior the Overall, company-owned points compared XX
to several were There this and our XX decline proteins from average higher XXX approximately cheese, around an basis year, ticket. and an puts decline particularly lower point food from company-owned approximate and takes domestic points including margins basket costs, the basis
costs when operating lower leverage margins with due we In earlier to prior insurance and the discussed addition, were reduction year. higher compared by transactions a impacted in
were point plus margins fourth year with and our expectations. a margin fixed X.X% the from ago segment commissary XX America North increase a in cost basis quarter, consistent Our
Moving balance on our sheet. and cash to flow
For activities partially year, payments timing Free of flow XXXX, by taxes, a $XXX was unfavorable million decrease the by in cash capital changes the offset cash working $X reflecting net capital with full cash in income decrease was provided year prior compared million operating and expenditures. a million. for $XX
under ratio with operates and the ample $XXX of million borrowings in end and at Our year our X.Xx. business approximately a liquidity, available the which leverage cash gross facility credit revolving of totaled
to our outlook. Now
opportunities. to to throughout we in confident As investing we growth -- strategy in XXXX, sales long-term look while are have place the accelerate your we
to expect improvement perspective, anticipate be up sales and to earlier sequential exiting comparable we and remain we XXXX, both X% a throughout America to XXXX. sales continued system-wide restaurant sales in between North discussed comparable to reflective be than from flat relatively anticipate growth. the North some compared moving XXXX America the standpoint, sales enhancements of quarterly pressure in the to cadence positive flat with X% first XXXX, anticipated quarter up comparable we From loyalty From a net and in and midyear a X% accelerating. For year
X% be Through cautious our when will with we North stock-based trend XXX down around X% of is world. business, begin with This outlook, approximate company's remain in is we how sales consistent point John's. many with believe is the flat in amortization. Internationally, we the same quarter. Beginning that XXXX, an as dynamic X-week the as earnings up to measure trends year XXXX. first how the a environment more interest performance X of from to compared comparable period and Papa anticipate America full the XXXX XXXX, sales adjusted an reporting we manage were value weeks operating key and fiscal EBITDA we excludes basis fourth in expense, taxes, improvement comparable the measure compensation, investors our depreciation EBITDA profitability. Adjusted This measure given
million teams investments execute in drive For strategic our with $XXX to adjusted plan, XXXX, growth. and incremental $XXX and $XXX long-term as between XXXX against to compared we million make be we anticipate sustainable million EBITDA our
In franchisee versus performance-based and to expect addition, biannual to conference the we X percentage a return years. hosting higher our in March for last payout compensation are
XXXX term. XXXX and single-digit periods transformation we and Papa long John's, will high While over be growth investment and EBITDA we can for the adjusted deliver are system-wide of sales confident
Specific quarterly while to $X G&A spend, year from the approximate million. puts forfeitures, to loyalty the would there aforementioned benefit G&A to which highlight our takes $X to $X modeling QX, be were impact an comping conference prior marketing and expect some franchisee flow $X For and and see from spend biannual to purposes, million to million incremental approximately G&A believe helpful to are today. through. million we against equity also I approximately of
Specific $X to of to spend. QX, million million around we $X expect to marketing see incremental
will plan comp will changes. year incentive equity from and management Our against prior forfeitures we reset executive also additional
related and recent of with evaluated consumer loyalty Finally, $XX trends along for of first loyalty incremental sales million to for million in roughly insights incentive be based $X marketing on year-over-year half and of XXXX, hires. half the we plans expect to increase up executive the spend to second
expense net $XX terms In million, million other million, and nonoperating our $XX between $XX to expect D&A between the we to XXXX interest $XX rate in be be our our for and and expense of between expense capital our to to million $XX items, be expenditures XX%. of be million $XX and million to tax XX% range
globe. due a year an prior XX% XX% restaurants and in and resources X,XXX with is the more shares, In restaurants ended XXXX, an the resulting expense tax From between processes with by how rate tax tools, talent, pursue period. when QX and and cost improving anticipated we we The of we from be aligned shortfall development development and selection to XXXX company-owned the in planning off the compared transformed expected lowering build the be successfully to the site of additional with market vesting to our investing new perspective, industry. to restricted
new opened In In restaurants North bringing America, to expect XXXX, we North restaurants XXX we America. our in America while gross XX XXX new North and total closing to X,XXX. open restaurants, XX, between
return America excellent X,XXX. approximately years, anticipate restaurant in including in international the count America to closures environment in in X.X% going system. perspective, XXXX bringing have of throughout XXXX forward, an to average system. and in maintaining closures a our strategic closing our job Beginning opened while XX restaurants few our Over XXX to done From new we restaurants, North international of X% U.K. XXX past North normalized an our restaurant lower-than-average teams closures historical will we the
economics. as work focused to franchisees from momentum to to XXXX, new plans to across in markets build development unit the XXX significant international expect market progress XXXX. to teams build open XXX we our together transformation with in and our make on improve local international restaurants gross Continuing continue We our across
Going and be international X% closures market of our excluding closures performance by forward, we when mentioned. between X% the XXXXs I with to U.K. just restaurants anticipate specific large international system strategic
transformation in In XXXX. summary, will continue John's Papa
lead We stronger are restaurants enhancing driving confident marketing, great in value better our long-term that customer stakeholders. people, an the and and investing combination and a execution program even relevant compelling will model our our loyalty of economic Todd? in experience delivering our for to
