Total revenues for Q3 came in at
Other results for the quarter include:
- Adjusted EBITDA(, a non-GAAP measure, was
$72.9 million in the third quarter of fiscal 2020 compared with$57.8 million for the prior year quarter. -
7.6% growth year-over-year in franchises royalties and revenues to
$43.2 million . -
Franchise royalties and other revenues increased 7.6% year over year to
$43.2 million . - Comp sales up 4.1%, compared with 2.8% the previous year's quarter due to 20.2% average check growth, despite 16.1% transaction decline.
- Systemwide same-store sales grew 6.6%, compared to 2.7% growth last year's quarter.
-
Net earnings grew to
$32.5 million for the quarter, compared to$13.1 last year's quarter, but net earnings fell for the first 40 weeks of the system's fiscal year from$72.3 million last year to$51.9 million this year.
"In my first six weeks as CEO, I have witnessed the nimbleness and passion within this brand. …" said the company's relatively new CEO
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