Overview
- Revenue rose 10.7% year over year with systemwide comparable sales up 16.0% on disciplined pricing and digital gains.
- Digital channels accounted for a record 62% of sales, with the loyalty program now activated in over 90% of restaurants.
- Adjusted EBITDA reached $172.7 million with a 13.6% margin, aided by a $33.8 million quarterly Brazil tax benefit and $106.1 million recognized for 2025 to be converted to cash over five years.
- The company guided to 105–115 new restaurants in 2026 with planned capital spending of $275 million to $325 million.
- Management raised the 2026 cash dividend to $0.28 per share and completed cost and financing actions, including a headcount reduction expected to save over $10 million annually and refinancing higher-cost bonds with lower-cost bank debt.