Comparable-store Sales Weakness And Credibility RiskMultiple consecutive quarters of negative comparable-store sales undermine management credibility and increase the need for clear, consistent execution to restore investor confidence.
Durability Of Traffic ImprovementObserved traffic gains may reflect transient factors like weather rather than a durable recovery, creating uncertainty about sustained visitation and sales momentum.
Profitability Pressure And Below-expectation ResultsRevenue and EBITDA results that are below expectations, combined with pressure on unit-level margins, indicate ongoing profitability headwinds that could limit valuation upside.