Overview
- Fiscal Q1 revenue fell 5.7% to $797.2 million with an adjusted loss of $0.74 per share and a net loss of $24.6 million.
- Comparable restaurant sales declined 4.7% and in-store retail sales dropped 8.5% for the quarter ended Oct. 31.
- Full-year revenue guidance was cut to $3.2 billion to $3.3 billion from $3.35 billion to $3.45 billion.
- Shares fell more than 10% after hours Tuesday and were down about 8% premarket Wednesday, leaving the stock off more than 50% year to date.
- The company pointed to rebranding backlash it has since reversed and paused remodels; it announced a 25-cent quarterly dividend and plans for two new stores in 2026.