New Restaurant Openings
Eleven new units opened to date with another six under construction, showcasing smooth progress in expansion.
Cost of Goods Sold Improvement
Cost of goods sold as a percentage of sales improved by 90 basis points over the prior year quarter, due to pricing and supply chain initiatives.
Strong Cash Position
The company ended the fiscal second quarter with $85.2 million in cash and cash equivalents, and no debt.
Expansion into New Markets
Successful restaurant opening in Bakersfield, California, which is significant as it represents a smaller market, leading to reevaluation of market potentials.
Reservation System Rollout
Testing of the new reservation system in three restaurants shows positive guest response, with plans for system-wide rollout by the end of the fiscal year.