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EPS came in at ($0.24), compared to the consensus estimate of ($0.54). Revenue was $298.6 million, compared to the consensus estimate of $295.26M. Comparable restaurant revenue increased 1.5% year-over-year, representing the tenth consecutive quarter of growth.
“Adjusted EBITDA is $51.5 million in just the first half of 2023, compared to $52.1 million in the entire year of 2022. The meaningful changes we have implemented are delivering on our promises to team members, guests, and investors,” said CEO G.J. Hart.
For the full 2023 year, the company expects total revenue of at least $1.3 billion, and comparable restaurant revenue growth in the range of 1.0%-3.0%.
Furthermore, the company announced the appointment of Nicole Miller Regan as an independent Board Director, effective immediately.
By Davit Kirakosyan
