Loyalty ProgramLoyalty showing promise within the first year of launch, with 6 million members, about 25% of transactions tied to the program, and members visiting 50% more frequently with 10% higher average checks.
Market PerformanceGiven that CBRL shares remain under pressure, in line Restaurant SSSG and F25 EBITDA guidance in line with the prior outlook will be viewed as better than feared.
Reinvestment CycleCBRL remains in the early stages of a large reinvestment cycle meant to reinvigorate sales, with some signs suggesting initiatives are gaining traction.