Lynn Schweinfurth

“Thank you, G.J. For our third-quarter results, we grew comparable restaurant revenues by 5.3% compared to 2021 in the third quarter, surpassing the casual dining segment in both sales and traffic as measured by Black Box Intelligence.”

“As Paul outlined, our industry is facing headwinds in a volatile macroeconomic environment. However, given our financial results associated with our strategic initiatives, we believe we are well positioned to create long-term value for our shareholders.”

“I remain confident in our future, given our improving dine-in sales trajectory, incremental off-premise sales channels, and continued dedicated execution of our business strategy, together creating value for our shareholders.”

“Before I review our third quarter financials, I wanted to begin by reinforcing that in spite of the fact that the resurgence of the pandemic has recently resulted in the temporary closure of dining rooms located in markets where hotspots have been identified, we remain confident in our ability to effectively manage…”

“Before I review our second quarter financials, I will discuss a few other relevant topics starting with liquidity. As of August 9, we had liquidity of more than $103 million, including cash and cash equivalents and available borrowing capacity under our revolving line of credit.”