System-Wide Rollout of Reservation System
Completed ahead of schedule, with positive feedback from guests and team members. Expected to potentially drive traffic lift and labor improvement.
New Restaurant Openings
Opened three new restaurants in North Scottsdale, Arizona; Lynnwood, Washington State; and McKinney, Texas. Subsequent openings in Woodlands, Texas, and Salt Lake City, Utah. Lynnwood joined the top five restaurants shortly after opening.
Adjusted EBITDA Increase
Adjusted EBITDA was $5.4 million, a 20% increase from $4.5 million in the prior year quarter.
Cash Position
Ended the fiscal third quarter with $93 million in cash, cash equivalents, and investments, and no debt.
IP Collaborations for Fiscal 2026
Record number of IP collaborations planned, with no interruptions between campaigns, aiming to utilize collaborations more effectively.