Sees FY25 pre-opening expense $20M. Sees FY25 cash interest expense $130M-$140M. Sheehan continued, “We are encouraged by what we are seeing so far in June as results month to date continue to improve. As you all know, our financial position remains strong and we have an excellent business model with high returns on new unit investment, best in class store level unit economics, disciplined expense management, and significant operating free cash flow generation. As we have discussed before, the current leadership team and the full Board are laser focused on managing this business to drive both revenue growth and free cash flow generation. Our team continues to be energized by the opportunities we see ahead to meaningfully improve the operating performance of the business and shareholder value.”
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