Strong Top Line Growth and Successful Acquisition Integration
Achieved a 20% increase in top-line growth driven by the successful integration of the Benihana acquisition and continued execution of key strategic initiatives.
Positive Same-Store Sales and Traffic Growth
Investments in marketing resulted in positive same-store sales at Benihana and positive traffic at STK for the second and third consecutive quarters, respectively.
Development Strategy and New Openings
Opened 3 new company-owned restaurants and a second franchise Benihana Express location in 2025, contributing to the momentum of the development strategy.
Improvement in Adjusted EBITDA
Adjusted EBITDA increased by 7.3% to $23.4 million from $21.8 million in the prior year quarter.
San Mateo Benihana Success
The new Benihana in San Mateo, California, is the highest performing new Benihana in the company's 60-year history, showcasing the potential for future growth.
Loyalty Program Launch
Introduced the Friends with Benefits loyalty program, which is gaining traction with over 7 million contacts in the marketing database.