Alex Kaleida

“We are making good progress in the strategies we're executing to return same-source sales to growth, but we recognize we're not where we need to be.”

“As Michael discussed, our second quarter results fell below our expectations, and we are adapting our creative and messaging in the second half to apply what we learned in Q2.”

“Our first quarter results reflect the resiliency of our highly-franchised asset-light model. In a more pressured consumer environment, we delivered system-wide sales growth, double-digit adjusted EBITDA growth, and unit growth that well exceeded our long-term algorithm.”

“2025 was marked with a high degree of uncertainty, but we see it as a year that drove further clarity and confidence with the strategies we are executing. We remain focused on protecting our best-in-class returns, expanding our global footprint, and returning to same-store sales growth in 2026 and beyond.”

“Our third quarter performance is a testament to the continued strength and resiliency of our highly franchised asset-light model, delivering 10% system-wide sales growth, 19% unit growth and nearly 19% adjusted EBITDA growth.”