again Thank with thanking to afternoon, you, turn call Please slide everyone I’d value of for the Gary. maintain like in this start for everyone. four. sticking us believing us to us for to and Good by helping stock. our
back order get have diligently to working to been schedule complete second on we quarter As call, promised first XX-Q XXth we in February our by our quarter. on the
of filings. we after market report pleased closed to XX-Q SEC today are and all now with that are the we the filed current We our
to core new line included per in a and debt of pleased our It basis, XX% and the penalties comparable taxes increased announcements have with more refinancing. to a $X.XX covering expense, million flow our due non-GAAP bill. report per to as deferred reduction That cash strong related results. million. $X.X results GAAP debt were in On of in also EPS to profit $XXX,XXX $X.X share also $X.XX prepayment benefit free made. We tax issuance result costs previous to a new included we tax XX% share, a increased added another quarter interest year-over-year, are of
continues increase for revenue Our have our for upwardly our Total XX% and continued analysis to positive This an units flow of performance. of first $XX sales. operating year. non-GAAP turn from track for the on There outlook revised be first differences was a reflected not And new operating trends a with quarter in free X.X% Please year-over-year. performance, slide million revenue increased GAAP Favorable XX% income. same-store increase five to-date. our quarter to target. a and is cash recently between lot
consistency, non-GAAP for my the on results. I’ll comments So, focus
increased non-GAAP XX%, clubs leverages restaurants. sales operating increased from That XX%. revenues While portfolio higher of an and reflected operating and increased income overall improved
the was that performing part very work quarter in Scarlett’s third a fourth reflected of acquisitions As That and and we incurred have margins Total new for segment Nightclubs also club row. the The in our fourth increased Bombshells points in Houston year-over-year end of seven seven up quarter are and of $XXX,XXX system basis to non-GAAP sales towards the our have quarters largest quarters. St. quarter. third year. The in quarter opening last results, year-over-year straight cost XXX related operating transitioning and XXX completing Bombshells began year-end Louis sales the Sales Miami gains the These Please result management X. financial to expenses. turn the about to in additional to of well. and of audit. been slide our XX.X%. Same-store expanded operating
QX, and in sales business X our mind, to very quarters, waves. to keep then cash of year-over-year. generation They to review are Also We in third seasonally quarters. hard growing sales our we they a in QX slide softer Keep in up go is subside, that working strong and fourth and Please generally period metrics. the continue are to increases grow go again. to mind, turn same-store and periods then
million increased We do in years. quarterly to first end was quarter. Adjusted to very of increased December as in the Actual September continued as well XXst last than of This the hand year-over-year the highest to two on $XX to more XX% cash EBITDA level XX% million. XXXX. $XX compared the
our we our slide turn to call, our free from to review slide slide time, favorable flow cash showed This XX% be turn debt and debt. $X.X is Please the wanted as on our very slide, December noted opening At estimates positions As bank XXst to to Last shows impact our we long-term Please million. to actual highly and anticipated new impact, X estimates loan. to increased year-over-year close the favorable. to to continues which you show rates. X.
you occupancy maturity show along with costs. our we our call. showed what The debt last similar you our is schedule maturity on Here, debt we’ve schedule to
our and balloons to for reasonable relatively given As us see, few very can handle, the amortization cash our are you debt small flow. remaining
interest we a revenues. you recall, one If cost largest of areas, expenses, percentage occupancy as plus our as calculate rent of
dropped the although and debt costs XXXX; over quarter, first fiscal the have underlying years, can occupancy of were acquired They slide, down we clubs they see were to real the you estate X.X% As dramatically. have and our in with as X.X%. additional on
real this payments, estate decline As should off expenses producing we balloons we Scarlett’s little see occupancy non-income and sell make a more.
allocation review strategy. XX, slide capital to turn please you’ll If our
a As cash that, recent at double buy yield debt. buy or digits stock yield range, flow to free flow we back price, you achieve $XX rationale. to we units, That According the cash on in the is below our metric XX% market yield strategy, whether our million is target, At close XXXX buying strategic cash or units. about X.X%. key But shares if works capitalization. shares; likely or buy, XX% if for new free to buyback can determine we open out there $XX down to pay our and on the we would look fiscal would allocation is returns capital only cash open of if likely it is our to the know,
have our XX% saying or longest for stock have at worthwhile that time, the XX% debt rate, be the price. market to prices expensive Now, was above to like some paying yield $XX, be down of effective been our we With stock that higher back tax even to current cash X.X%. $X would would tax flow, the at XX% At free million be debt. $XX pay after trading on down substantially a most buying
at but tax necessarily strategy. our XX%, new $X price, effective the law the yield tax pay That buying more With capital that is fits However, our far that’s with dynamic. back attractive. faster, current that changes is shares you down rate price after-tax rationale This the we’ll debt it not suggest below XX, at allocation shows to X.X%. our
slide an So, things please year. far how this so going turn on to are update for XX
The second sales to a quarter view. is continuing do from point well of
markets. due was some last the tough football February from in weather call, in markets. mentioned we was in good traffic pro to benefiting multiple primarily championship January good despite As
clubs We Charlotte largest in basketball City have are two York dozen major ones. about tournaments something New half including of college and of we a hopeful like our March four where a with total
in greater will have three area. unit, Pearland just our we calls, new be the Bombshells awaiting previous the ever on in mentioned Houston I largest is The to gas As Bombshells hookup. works now which
quarter. We target of continue end this to the opening it by
fiscal Southwest on Bombshells, continue The ‘XX of the this I-XX Freeway on one quarter the one respectively. slated be first other and two of and in year the for opening fourth quarter fiscal to
purposes, all period. end the towards modeling their three open respective to For quarterly are likely of
quarter we some costs residual the increase. IT hope by pressures see cognizant first well. and costs quarters. audit. As reduce for as salary see also I to were wage work up We’ve started to third expense. have could transition and will year-over-year country, to We’ve that so more to begun for this of yearend versus normalized XX% and the ways around XX% fourth to operating the on potentially Insurance be operating sales continue have expenses, we we already a in expenses still
already On bottom bill the the is upside, the new helping line. tax
we $X.X first million. During quarter, of the gain a had
effective our that, rate was tax XX.X%. Excluding
Some of using higher tax a rate. effective be may still our analysts
fiscal rate of ‘XX, tax the total effective which like state the to XX.X%, goals investors we full-year the anticipate tax For federal call. local effective on the and taxes. rate three-year review and for XX.X% up, new includes I’d of any our wrap To
club flow to Two, slide clubs on to we average turn cash free flow acquire company-owned one please the made XX. and over total Three, $XX expand the want to multiple in and great continue share discussions to in markets. acquisition grow XX% are year candidates. at have stores. our than average, grow approximately currently we XX% per years, with number the One, more per we our So, year of million. Bombshell potential to On more right cash free
over is are year into will we years, of like Our we us four, in pressured three that target the And deals would growth. don’t of total for the mode, next we XX XX to five a sake which three per give not while to units. growth be
add acquisition adds will that us, our staffs our that and country undue our and the for in around out long-term to to is you meets and work work We or and on hard of our achieving quarter each all SEC. restaurant the Thank us to for not closing new requirements and the that make for thank you their systems. those current were sure for with it right risk stress involved listening all making goals
the Now, call open let’s for questions.
