for you, today. us thank And you joining [ph]Tamia. all on the Thank call
As should Tamia to access earnings and mentioned, our filing. XX-K have release annual our you
of was Times years assisted CEO Times access prior concept Company the Scott been for should development of with developing nearly years has ago into in Bad its our Vice Scott, I the two me and wish has Company that as tenure to to with time. release to valuable early new We phase an identified important of also existence, and the in expect a the today the brand the I press a Mr. the to indeed do announced leadership and to a as Times join and Good corner. have also succeed You Good over and transitioned systems of Company first Operations the in processes. candidate we Company has and Scott predecessor its coming been for called opened with brand. in this integral best expect is to ultimately Colorado, round of been advisor to me the Times When where Daddies Scott former our of leader the over retirement Company who a my affiliate President announced of Good and a transitions role Scott that Good XXXX, life especially we been to his the and LeFever. entire eventual have to Good release. Scott period growth in has a role Times also he
to coming expect, expect make announcement inform weeks on with this an in the individual. We more
mark operating the to somewhat we restaurants that's changing of under that of the operating it new but As nature certainly approach say two than of normal, pandemic, said easy has the becomes this COVID-XX in done. environment easier the year a dynamics ever become
The industry. to Bad their operators us, spite this that Our done same evidence challenging results. staffing of of not we've leaders just job shortages of achieve sales can Daddies through of a Even make reported product strong and source impact that most players strong the keeping teams have in or the, at but have motivated the fantastic external affected pressures. in
incidences we've in operating adjustment. of also substandard any operating some of accepting limited or service. remainder have an most present At maintained where generally any only the Bad always have chicken Daddies, been to execution shortages and been able hour suspending the fully to isolated our quarter performance this out to cases, extracting thirds at At hours is generally the ancillary has hiring regular early team successful we without the alternatives. at hourly have and and sandwiches running hours. modified level the of then had products been Additionally, to our system serve products, we the breakfast teams. to compromising adjustments sufficiently of limit or hours. lean both I normal our And shortages highest during generally two members extremely those supply celebrate Times meant team. planning to faced the though, operating chain of We've and of quality maintain closing burgers Regardless recent we brands, Good system through and commitment. key the our dedication product two and In We've without situation our
operating potential. their their restaurants general to have to Our fullest made managers
havoc Good attribute restaurant and internal to nearly at Daddies, at the our successful made to values also members experiences management a now Bad label platform still serves more its through our left for and industry may and on to Bad more industry, for than ordering being that previously direct been We've source this expanded And a have been non-management to us. been staff of at also using teams management shift had [indiscernible] successful of We've from supplement attracting November, current, engine truly using employees. and wreaking Daddies. reduced team ordering of team restaurant platform. the our this we former from for case. on online, offered opposite shared away management by two [indiscernible] we the been has behind back historically this who white brands. we continue hire opportunities years on we're to needs development to website management hire And but online on where And passion recently our to members. path the a that the, has true of In have Times. focus participants have on many in focus of success industry Bad philosophical would non-management ability We as existing business. development hire of internal pandemic managers one year, online our half Daddies on new outside ago, launch both who ordering The qualified country for effective the to see prior exclusive we our we direct our
has user the launch our capabilities usability. developed Bad Times, not to we ordering new ordering leveraged done online experience Times simultaneously Good guests previously been Daddies to did the However, at for At enhance well. and as development have for any this custom work method Good
at experiences also Android both iOS [indiscernible] engine apps these ordering brands. released as using have are mobile We of and the ordering powering online and backend for the new Times, developed development accompanying we Good
with applications app While of beginnings strategy digital brands. of at the the our part further develop our offers online this and point, These information. experiences basic represent Company ordering to
catalysed we As restaurant in interaction have within as elevated behaviour shift year, over well prices margins not consumer immune beef a towards a in few as a for even but calendar, industry prior and just remain digital significantly pandemic a been months has back. optimized stabilized somewhat the been have topic the have XXXX, recent preference with brands, late
Additionally, wage rates experienced rate have percentage increased digit we've in meaningfully terms double increases. and wage
have some inflation. attract operate operating hours, and raised staff restaurants mitigate to and labour to pricing improvements the wages As retain we've to cost at productivity adjustments of sufficient we made near normal
percent cost more particularly experienced raising opened However, of during September a our of been we've Company in at sales, Bad we've as traditional reserved Daddies food sales we continued Bad XXth higher actively be owned to at week and beverage where Daddies pipeline the $XX,XXX and period It top Alabama. weekly traditional opening has of subsides; restaurants. fill to of posted approximately sales as in a Montgomery, new working quartile in honeymoon we're prices,
we leases and XXXX commit have to However, which will sites negotiating active of lease this other regard where fiscal, various and looking we we're opening will currently we'll letters as under I've opening not half We would in we're be first comfortable numbers have we negotiations. that the That for. discipline continuously a are intent. not expressed, of one hit for
million sales Let's review at Daddies compared restaurant Bad quarter this the to million. results during $XX.X X$X.X quarter's were
fourth approximately Daddies this quarter. near quarter, more XX of versus during new year result had the opened Bad end During the year, last year's the quarter store the the we the same two last of one week quarter
at were higher level at to occurred last year's XX.X% the during quarter Bad partially price Daddies quarter, increased blended Food the fixed quarter higher XXX the Restaurant and previously were XX.X% or XX.X%. decreased XX quarter. result to quarter. sales cost XX.X% sales quarter the the wage last the a profit, of the daddy's volumes. from in sales by costs year's by costs Daddies costs of basis same and sales from basis compared bad our rates. million of for result which the that higher average closure year, increase by Bad XX.X% to price This due to average improvements quarter. com compared quarter in increase reduced million percent As is $X.X driven quarter productivity million Good million offset partially Times, impact during offset for that created end on Good point year. increases the prior Good offset to the by Times mostly store quarter, sales. base points of comp weeks Total year. a the menu of was the last packaging restaurant Bad reported, higher for for point improvements offset significantly partially an at for year. mix, of X% Cost of $X.X higher Good of quarter. in this was profit average decrease Times Times offset quarter costs primarily by wage $X.X compared is price due operating costs input and decrease XX.X% prior for of blended a XX.X% operating and had Again, the XXX points price. waste the at year, compared the the most unit during restaurant lower per the cost increase of $X.X by rates across higher input from Daddies $X.X commodity by million Times, year, by The the X.X% delivery approximately Overall leveraging for commodities costs store increased This than quarter. offset average non-GAAP carries primarily by labour one to And increase restaurant to XX to leverage approximately measure last a pricing for labour the elevated menu is our this of by sales higher was Good were first higher slightly level product sales XX or basis menu year-over-year a
offset points percent opera and primarily during of restaurant level sales, labour X.X%. costs. to Administrative cost basis last million versus to lower restaurant a higher General profit increased partially the As rating year by $X.X XXX for expenses of and operating quarter sales, by XX.X% the due, other were
represents this million versus of increase revenues, total an As approximately of year a quarter. percent the prior $X.X
due and excess G&A multi-unit higher quarter's on for health self-funded expenses accounting This to the increased increased plan fees. incentive Company's managers, legal claims and costs
$X.X was to versus for and general $X.X the operating Last attributable offset quarter administrative income fourth million the common net Our was the higher million year shareholders income in expenses increased level restaurant non-GAAP quarter. by of profit quarter. for
year, million finished in fiscal was million For net no debt. no the approximately term year cash in the to compared with long common was shareholders XXXX. EBIDA outstanding XX.X We year income $X.X $X.X our million the $X.X adjusted million and for to
time. for fiscal XXXX not indicators inflation given at We guidance this explicit have uncertain provided
adequately we We staff improvement during But employees and November, pay continue the market increase retain to to as and to successfully see some December. we October moderate in labour increased in noticed attract to our have restaurants. wage employees rates
we to room current for sales compared digits single during -- slightly to initial outpaced also flat though, expected, XXXX as XXXX Bad Good XXXX Daddies. comparisons With greater, quarter expectations. dining in remaining somewhat December, prior Our declines Times, closures the as in And the against we're compared from year. seeing our then high greater to negative have for percentage laugh
compression We expect on a basis. margin year-over-year
been at increased As Daddies, at Bad disciplined Daddies. taking intentionally increases input costs have to with Bad price and we've respect re
would over X% X% ago approximate diligently year from it than to At our is at over same year. price our this future. And XXXX, one Our and development the success continue It time a January, past opportunities. our to team dynamic brand to will has in in as here was this also constantly disciplined while call adaptable. likely I some pricing new business is that higher which us to that was expect we've we increase last selection, be current This prior expect Times, questions. at continue that just openings Good the occur for approximately with in itself business the working place site we year to take adapt is Times additional higher time. And changing is as in that the believe still to proven fiscal pursue we're January and X.X% that two and industry has price very the to another we well, requires changed at in current the Good a open January. pricing we'll landscape And and X% team is will to of than it take Tamia, nominal at at years.
