Overview
- The company reported on Wednesday that adjusted diluted earnings per share were $0.99 for fiscal Q4 ended July 31, well above analyst estimates, and the stock jumped about 8% on the news.
- Total revenue fell 2.2% to $849.3 million while comparable restaurant sales declined 2.1% as traffic remained weak, though retail comparable sales rose 0.7% and GAAP net income improved year over year.
- Adjusted EBITDA rose to $62.1 million, a figure that included a roughly $9.1 million net benefit from tariff refunds that analysts say should be treated as a one-time boost to cash flow.
- Management used proceeds from divesting Maple Street Biscuit Company and a 26-location sale-leaseback, plus repayment of $150 million in convertible notes, to cut total debt to $337.2 million from $484.6 million a year earlier.
- For fiscal 2027 the company guided revenue of $3.325 billion to $3.4 billion, comparable-restaurant sales growth of 3%–5%, no new store openings, and adjusted EBITDA of $180 million to $200 million while warning that consumer spending and food and labor inflation remain risks.