“Looking to the remainder of 2025, our development pipeline remains robust, and we are on track to achieve our full-year goal of 12 to 13 new restaurants, including our first three international locations in South Korea. We’re encouraged by the early success of our dual-concept format as a potential lever for future growth. With that, our full-year outlook anticipates restaurant-level adjusted EBITDA margin in the 17% to 18% range, and $245 to $250 million in total revenue, with an annual run rate approaching $300 million once all our new restaurants are open. With strong cash flow and over $15 million in cash and cash equivalents, no material long-term debt, and full availability of our $20 million line of credit, we are in excellent position to execute our strategic priorities. With growing brand awareness, compelling unit economics, and disciplined execution, we remain confident in our ability to drive sustained, profitable growth in 2025 and beyond.”
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