Total system shop openings in 2025 are estimated to be at least 160. Capital expenditures are estimated to be between $240M-$260M. Same shop sales growth for 2025 is estimated to be in the range of 2% to 4%. Adjusted EBITDA is estimated to be between $265M-$275M, which assumes the impact of elevated coffee costs, partially offset by approximately 80 basis points of Adjusted SG&A leverage year-over-year.
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