Operating ExpensesRestaurant operating expenses are anticipated to remain elevated due to additional investments in media, impacting overall cost management.
Stock ValuationCBRL is trading at a price-to-earnings ratio above its 5 and 10-year averages, contributing to the reiteration of an Underperform rating.
Traffic DeclineCBRL's 3Q traffic decline of approximately 5.3% lagged behind full-service peers, indicating challenges in attracting customers despite industry-wide headwinds.