Overview
- The company reported Wednesday that Q1 revenue was about $1.22 billion and EPS was $0.17, outcomes that beat analyst expectations and coincided with a 16% year‑over‑year rise in systemwide comparable sales.
- Adjusted EBITDA rose 29.3% to $118 million and the EBITDA margin expanded 120 basis points to 9.7%, which management said was driven by lower food and paper costs and a G&A restructuring completed in early 2026.
- Digital channels now account for roughly 64% of system sales with digital revenue up about 21% year over year, and the loyalty program has grown to roughly 30 million members with rollout in about 94% of the store base.
- The company reported 19 restaurant openings in the quarter, 75% of its stores are modernized under Experience of the Future, cash and equivalents stood at $255.6 million, and management introduced an 'Adjusted Free Cash Flow' metric.
- Management said April and early Q2 showed the strongest Brazil guest volumes in about 20 months but cautioned that volatile beef prices, local‑currency effects and limited consumer disposable income could constrain future growth and shape capital allocation.