EarningsEBITDA missed estimates, impacted by lower sales, higher pre-opening given timing, incremental repairs and maintenance, utilities, and marketing spend.
Leadership And StrategySales weakness was attributed to prior leadership’s changes including shifting the marketing/media mix too heavily to digital and away from TV.
Market ChallengesDespite some stabilization, the year-over-year revenue decline and negative same-store sales indicate challenges in the current market environment.