Kura Sushi USA Inc Second Quarter 2024 Earnings Call

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Also included was a copy of the earnings release in the 8K we filed with the SEC. Before we begin our formal remarks, I deserve to remind everyone that part of our talk today will include forward-looking statements as explained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not promises of long-term functionality and therefore, you should not place undue reliance on them. These statements are also subject to risks and uncertainties that may cause actual effects to differ materially from those we expect. We refer you all to our SEC filings for a more detailed discussion of the risks that may affect our long-term effects of operations and financial condition. Also, on today’s call, we’ll talk about certain non-GAAP monetary measures that we think are helpful in comparing our feature presentation. Supplemental data do not deserve to be considered in isolation or as a replacement for GAAP prepared effects, and reconciliations with comparable GAAP measures should be made in our earnings release.

To fix this, turn it in to Jamie Center Bank and thank you to everyone who signed up today. I am very pleased to announce the continued strength of our company as we advance our entire career. We will return to this in more detail later. But for those of you who saw our earnings release, I’m sure you noticed that we announced additional increases to our guidance. It was unprecedented for us when we announced our dismal referral rate for the year with our first quarter call, and being able to endure the next quarter with increases for each of our referrals demonstrates our incredible confidence in the company. We have opened 10 dining locations to date, putting us on track toward our new unit forecast of thirteen to 14 openings this fiscal year. We leveraged G&A expenses across 190 foundation issuances year over year and increased adjusted EBITDA by 23%. We have introduced new large-scale projects and our consistent national groups have more than met the challenge of implementing them. I am very proud of everyone’s efforts and I need to start the call by identifying all of our team members and thanking them for creating as much scrutiny as possible based on today’s percentage. Total sales for the fiscal second quarter were $57. 3 million, representing comparable sales expansion of 3%. The 5. 9% traffic expansion represents a significant acceleration compared to the previous quarter’s increase of 3. 3%. We are very satisfied to have achieved these effects despite the bad weather that affected the entire industry. During our fiscal second quarter, the restaurant industry traffic index was negative 3. 5%, a difference of 940 basis points compared to the casual dining industry. Our earnings functionality was 1,180 foundation issues. Clearly our guests love coolers and as much as we love them, as a reminder, 7% of value was paid during the first week of December, which we offset with just 1% in January for effective value existing of 3. %. We talked about tailwinds in value composition in January and are very pleased to see that they continued throughout the quarter. Clearly, it was a special quarter for Kura, and I’m proud to provide this type of visitors with a consistent experience, it helps keep consumers coming back to us during the second quarter, and charges were kept low where we need them. Array at 29. 6% of sales. Labor as a consistent percentage of sales was 32. 8%, compared to 31. 0% in the prior-year quarter. In addition to being especially consistent with pre-opening rates due to the acceleration of openings, we have also experienced the same extreme weather conditions that have affected the rest of the restaurant industry. We believe this accumulation of hard work burden is likely not as structural in nature and expect the same seasonal leverage in hard work. But we have consistently found, as I mentioned later, that we are aggressively executing one of our key strategic pillars to drive the overall strengths of the business, leveraging SG&A expenses, we have been able to reduce SG&A charges to 14. 3 %. as a consistent percentage of sales compared to last year at 16. 2%. As a result, we now expect to achieve even higher overall and management leverage for the year, which Jeff will discuss later. Our core support team has done a very good job of managing the reduction and we anticipate further tailwinds in the coming years as we fill markets and realize benefits from regional restaurant management efficiencies. During the fiscal second quarter, we opened five new restaurants in Kansas City, Missouri, Skokie, Illinois, Columbus, Ohio and the United States, as well as real estate in Texas. At the end of the quarter, we opened another restaurant in Orlando, Florida. We also have UNI-P fiber currently under structure. In the fiscal year to date alone we have opened as many places to eat as we did in the first six years of business on Christmas Eve in the United States. I’m incredibly proud of how our logo has evolved and established our footprint, as Acuity has dining locations in 17 states. Today we are also satisfied with the functionality of our new rewards program. Us. Members are now responsible for about a third of our sales, compared to less than a quarter with our Beyond program. Our recent research that US members spend an average of 10% of their cellular ticket, even after accounting for discounts and visiting 1. 3 times per month on recent calls, hinted at an IP correlation that I was immensely enthusiastic. And it is my pleasure to be able, despite everything, to be able to announce that our next IP spouse will be joining us. I think this might be our first North American asset that everyone on this call is already familiar with. We think this is one of the most interesting patent assets we’ve ever had and, in fact, I can’t wait to see the effects. I also have a lot of smart news that matches our generation percentage. We carried out our first verification by receiving a dishwasher robot in Japan and the effects showed that we expect it to be important for our relations with us, for which we do not have a schedule for further implementation. I’m very pleased with our big push on the payment side when it comes to mobile ordering. The functional implementation is also progressing smoothly. And I’m pleased to be able to announce a new feature for other people to say mobile orders that we are launching in parallel, the ability for Ambika visitors to learn about values ​​through new purchases that are made. Yes, please go ahead. One more thing on the technological side. We have developed a new generation of battery verification in Korea and Japan and are currently in the process of qualifying for the United States as it is officially Frida. It puts our lives directly into our cisapride and then returns them to each one, contracted through the converter that calls us. We would possibly have between two and three workers finishing part of our fifth spoonful of rice at the official price and a hundred of them with the next migraine patient. Consistency with national merit is, therefore, obvious. We hope to be able to bring in the latest qualified radar to check it out this summer, and that will surely allow some of our existing eating places to be retrofitted to accommodate it. As you can see, we have made a lot of progress this past quarter. Finally, I am pleased to announce that we were able to reach a very favorable agreement with DoorDash, triggering our exclusive partnership and immediate program launch with ZD. We are twice able to keep our menu value equal to in-store dining and expect data sales to be margin-friendly. We are very pleased with our partnership with DoorDash so far and I look forward to offering quantitative color on calls in the long term. I would like to once again thank all of our team members in our restaurants and our help center. Each department. Tom highlighted a notable achievement this quarter with our set of 10 restaurants that we have already opened to incredible traffic and the automated functionality of our restaurants in general when it comes to HR. 180 foundation issues. Our IP helps pipeline and smart fortune of the new device program, technological advancements for smart, fortune and immediate implementation of DoorDash. It was an incredible quarter. Thank you all. And now I turn it over to you to talk about our monetary effects and liquidity.

Thanks, Jimmy. For the second quarter, total sales were $57. 3 million, compared to $43. 9 million in the same period a year ago. Comparable restaurant sales performance compared to the prior year in the same line was positive 3% for regional comparisons of 8. 7% in our West Coast market and flat comparable sales in our Southwest markets. Now let’s move on to our prices. Food and beverage prices as a consistent percentage of sales were 29. 6%, compared to 30. 1% in the prior-year quarter, largely due to pricing and supply chain initiatives. origin. Labor and similar prices as a consistent percentage of sales were 32. 8%, compared to 31. 5% in the prior-year quarter. This increase is largely due to adverse weather conditions, which increases education prices significantly with the opening of new stores and the general increase in salaries. Occupancy and similar expenses as a consistent percentage of sales were 6. 9%, compared to 7% in the prior-year quarter. Depreciation expense as a consistent percentage of building sales increased to 4. 7% from 4% in the prior-year quarter, largely due to the opening of new complexes as well as accelerated depreciation of assets that were replaced due to planned renovations. Other prices as a percentage consistent with sales growth increased to 14. 6% from 13. 3% in the prior-year quarter, primarily due to relevant pre-opening prices with more store openings, as well as an increase in prices marketing, repair and maintenance. and general expenses. charge inflation. General and administrative expenses as a consistent percentage of sales decreased to 14. 3% from 16. 2% in the prior-year quarter due to higher sales leverage, which was partially offset by additional pricing from public corporations and contracting and pricing relevant with the opening of new sets. The steady loss was 1. 7 million, compared to a steady loss of 1 million in the prior-year quarter. Largely due to other relevant additional pricing with more open pools and under-structure pools, as well as depreciation and amortization. Income tax expense was $50,000, compared to $15,000 in the prior year quarter, and net loss was $1 million, or $0. 09 consistent with the diluted percentage, compared to a net loss of $1 million, or $0. 1 consistent with the diluted percentage, in the prior year quarter. The percentage of restaurant sales compared to 20. 3% in the same quarter of the previous year was 19. 6%. Adjusted EBITDA was 2. 9 million, up from 2. 3 million in the prior-year quarter. Let’s now move on to our cash flow and liquidity. At the end of the fiscal second quarter, we had $56. 8 million in cash and cash equivalents and no debt. And finally, I would like to update the following tips. For fiscal year 2024. We now expect our total sales to be between 243 and 246 million. We now plan to open between thirteen and 14 new sets with an average net capital expenditure consistent with the unit of around 2. 5 million. And now we forecast that G&A as a consistent percentage of sales will be between 14% and 14. 5%, and without adding any more, I’ll hand it back to Jim.

And this concludes our prepared remarks. We are now happy to answer any questions you may have. Operator, open the line for questions. As a reminder, in the Q&A session I can answer in Japanese before my answer is translated into English. Thank you for your attention.

Operator

Thank you. We will now have a Q&A session. If you want to make a query, press the first star on your phone’s keypad. A confirmation tone will imply that your rows are in the query queue and you can tap star two if you need to remove your query from the queue. For speakers, it may be mandatory to pick up the phone before pressing the star buttons. A moment, please, while we investigate the queries.

Thank you.

Operator

The first will come from Jeffrey Bernstein of Barclays.

In our of your.

Super.

Thank you very much for some questions. The first one, just in the compositions that you reported about 3%, I’m wondering if maybe you can communicate about the trends in the quarter and what you saw in the month of March turns out that the industry is maybe communicating a little bit. little about a slight slowdown in March and April, specifically among low-income consumers.

So I’m just looking for your opinion on the client’s environment and the trends that you’ve noticed over the last few months, a week before this year and also on some other Class B forged or any other analyst, either clinically or muscularly. Some have studied and we are learning with this about a joint global and national tender, honestly, because marketing frequently, especially for some of them, has materialized as multimodal labels or 30 for promotion, portal. I once think of the early days of the public internet, but the mobile phone is still the best. And that’s going to contribute to a lot of things about Motherson’s execution, what the effects are.

And in terms of the monthly speed of the competitions, obviously, we saw some tension in January due to the bad weather that everyone considered very hot. This is indicated to us by the renovations, especially the promotions we carry out as well. One thing that we’re literally incredibly proud of in terms of the pipeline, the traffic that we’ve done, that’s really going to have a 1,000 basis point difference between us and because we’re seeing that this has created a massive pent-up call for in terms of subscription.

I think you have to take a look at them, there’s no security, there’s no government and more than 50% of E’s momentum. ONE. Executing an undeniable protocol with a momentary quality of home automation is fine.

We’re incredibly pleased with the form and we’re only in April, but we’re also very pleased with April. So it’s wonderful to see that we’re maintaining the positive momentum that we saw at the end of the second quarter. It’s wonderful, it’s encouraging now.

And then, secondly, in the new markets that you’re entering, geographically, the imaginable surprises in terms of customer reception, whether positive or negative. I’m just curious to know what you’ve learned in your new markets, because it’s such a big opportunity for you that iron ore and coal would be cashless at this point.

If I look at the factor under various RFID anomalies, the generation is now touching January without ferronickel surpassing any type of ethanol from the adult department, not far above gamma 14, above the Corbin Coinmach line and no matter what happens in terms of geographic trends, he noted. The same trends as before in terms of new markets, each of them has already been a success.

In other words, we didn’t have any surprises, those may just be the expected successes and we achieved them. So it’s attractive in terms of differences in geographic functionality that for us would only be weather-related. We have a lot of options in California.

And so, when it rains in California, it can have an effect on the right price of West Coast compositions; Yes, the margin came under pressure compared to at least the street’s expectations in the hard work line and the other line, either well above expectations, which led to margin strains. But I feel like it’s not necessarily structural sounds, like hard work, because of some accelerated openings of new sets over other prices that were unusual. So, I’m wondering, when you’re thinking about eating place margins for the FY24 part, what do you think it is and perhaps what element do you think has the maximum visibility rather than the greatest point of uncertainty when we think about the second part of the year?Thank you.

But my confidence is that to the maximum each and every client should have a fiscal impact, Peter, in your comments, some of my initials in the pre-opening of Butiaba, I’m sure you just compromised some other part. The occupant of a funnel, anyway, basically, shipping is of great importance. European officials in general are going to imminently open up a McConnell margin predetermined from the minute. They have a tendency to run a program that is not the case. You can rent it, let’s say the figure, but that’s related to updating the contract if it wasn’t and after looking into our recently unresolved intermodal peak in Columbus McKinnon, and I don’t necessarily have a magic answer for you about e-commerce. We’re reducing the car for us on this, but we’re very confident that the operating profit margins at the point of restoration for the second part of the year, as you know, we’ve already opened up the maximum of games for this fiscal year.

The difficulties of running before the opening are therefore largely ours. The other points where we’re going to see the same seasonal effect on seed sales that we’ve noticed every year. We also have a number of promotions in the pipeline that we couldn’t be more excited about. As Jimmy mentioned, we have Dragon Ball. We think it’s literally the one that had the biggest promotion of all time. And I’m super, super proud and satisfied to have him there. And so we’ve had a lot of tailwinds and even in the sites that we have, the tech things that we have in Florida, there’s a lot to look for for the operating profit margin at the level of places to eat, aside from some unaddressed elements. Ultrasound to put UnumProvident into effect until equivalent activities have been contributed.

One thing we don’t necessarily know is that we’ve never experienced the transition and the other would be to be the first to open a restaurant.

It’s usually not profitable and we’ve outgrown all those places to eat. They are operating at full capacity, but the winds will be favorable during the second part of the year. So yes, where we’re most excited and we’re doing our best. This is, as we’ve talked about margins at the restaurant level, they’re excited about all those new things that we have in the works. We also seek to highlight the relief in SG&A expenses and leverage that we are obtaining from the General EBITDA Facility adjusted for SG&A expenses.

I mean, we have for 15. 8 2022 to 2015 and 2023. And with our new forecast, if we reach the midpoint, we’re still 80 core themes above our peers, that’s something that’s either very proud or very excited.

Absolutely. Thank you guys so much.

Of course. Thanks joe.

Operator

The next one comes from John Tower’s line with Citigroup. Continue with yourArray.

Super.

Thank you. Thank you for answering the questions. Perhaps starting with the competitions in particular this time, it will be wonderful to see the expansion of traffic. It’s wonderful. But because of the implications of the composition of the value, it has entered negative territory. I know there’s not a lot of history here, but I’m curious that it turns out to imply that consumers would possibly be managing their check a little differently than consumers do. in years past. So how does this manifest itself or other people who simply receive fewer plates take less of the pill order and throw away more belts?I’m just curious to see how that manifests in your business.

This is how the London operator’s archives are kept. Well, excellent. And then if I can access the cotton market from the mainland and be able to sell some of our equipment there, the fall of the Tacoma landfill and, obviously, that affects our product there and our co-development in controlled telecommunications, even the documents that I have. I didn’t happen to be covered, I already had a consultation to consult the personal twist therapy of destiny, while contemplating looking for a national pro forma contract, specifically to put this money in two. I’m done, step up. You talk about the possible triple combo today and all of that is pretty indicative of whether that’s what you might have. Another camera and very mosquito with Telenor and/or cell phone?Sorry, I’m not doing it for the service as it allows us to get a sensitivity of about two to 3 gigawatts. No one needs the opening of a new multimodal network to probably be faster. And so, I can still tell you about the journey, anyway, in a non-public observation about the succession procedure in terms of gender diversity for some time now.

Our lens and plate consumption remained strong with 6. 3 emissions year over year. And then there is literally no difference there, the delta would be in sight, the new orders are other people switching from comfort drinks to water in terms of combination, we are actually very satisfied with I don’t know if you understood what we discussed in the ICR . in January. But as of December, the distribution had gone from negative single digits at the top to negative single digits in the middle. And as you can see from our pay rate, this can have an effect on traffic. This strength helped. So the client is showing greater strength in the most recent quarter compared to the last two quarters where we looked at a combination of negative numbers all the way up to the early digits. We are exceptionally proud of the 6% traffic again. And if there is a push for diversity, we are very proud that we were able to offset it with greater traffic growth. We expect many things in terms of on-site maneuvering opportunities, the most important being that our customers will be able to order from their phone rather than having to hit their frame there, sitting closer to the date, closer to the tape conveyor. belt. They have the tablet, other people can just use their smartphone and their menu. But most importantly, we are now at the stage where our visitors will be able to win fiber prizes on menu items, something that has never been thought of before. So we still have a long way to go, although the combine has already improved. I understand. THANK YOU. I’m aware of. The color may jump a little depending on the DoorDash partnership you have. I think, Jimmy, you had discussed the concept that this would be unbiased in terms of margin compared to in-store transactions, while still maintaining the same charges, as I perceive it. So in reality, this is simply passed on to customers and increased in the form of higher delivery charges. I’m just curious how you deal with this. Therefore, we expect the spread to be unbiased or even cumulative. We are literally excited about partnering with DoorDash. And in terms of pass-through fares, I guess the reason we partnered with DoorDash is because we can provide a greater visitor experience than ever before using the DASH pass. So if you’re a Dash Pass subscriber, you can now get free shipping where it used to charge $7 or $8. And thus be able to offer the same charges as in our restaurants, be able to offer our customers loose delivery and generate margins. It was literally a no-brainer for us, but it literally depended on the terms of the deal we were able to make with DoorDash. And as Jimmy discussed in the ready comments, if we hadn’t been able to come to terms, it wasn’t something we were considering. The fact that we were successful in those situations is literally what triggered our resolve to move forward. I understand. As far as possible, this is the beginning. But I’m curious what you’re seeing in retail outlets where it’s possibly already been implemented, in terms of how it’s stacked or what your internal expectations are. And then separately, but related, how is that managed within the store? Because it is evident that your kitchens are already very busy. You have a lot of traffic, how do you manage delivery orders compared to the in-store transactions that take place? Yes. The operations team has done an incredible job in terms of implementation and integration into their operations, we can restrict orders. And that’s why we are busy, our kitchens are at capacity. We will give priority to customers who are already in our restaurants. So we just slowed down or stopped our outside orders and it literally wasn’t a problem. They gave it to me, I’ll pass it and possibly get back in line. THANK YOU.

Thanks, Jean.

Operator

Our next query comes from the lineage of Mark Smith of Lake Street Capital. Continue with your consultation. I’m guessing I just looked to dig a little deeper into the margins of hard-working expenses here in the first place. Can you tell us to what extent this is due to the accumulation of vacancies here rather than just a kind of natural flow?Inflation of hard work?

And then I’m also curious what effect it has on California restaurants of operating at higher wages, faster minimum wage, there being so many phased reopenings, but also a combined funnel aimed at quarterly sales that you ruled out and I think it’s a moment of expansion that, as far as I know, could only be asked and PetroBakken Maserati, the non-luxury, IgA and renewable component of the market did not happen to have around 30% of the promotional multimodal number in Our previous turnover to the opening of intangible assets by the type of effect of casino provocative chemicals is almost greater or opposite in volatility. Did I miss any information? And I mean, Grace, in a little bit more about the economics of Macquarie Asset Management, as you call it, you need to go through some markets that are stable, but you don’t realize the profitability, whatever I’ll have to do. congratulate you for. They were supposed to have a methodical approach. I had a very smart quarter contemplating adulthood and will have no copies of our company. So they have no house or alliance. And from what I understand, it is about proceeding to extend the credit terms and the geopolitical problems continue. And it’s basically for Yamana. Finally, negative assumptions of intelligent will.

So if you take a look at our Q, you can see that our pre-opening prices for the second quarter are $700,000 higher than the pre-opening prices for the second quarter of last year and that most of that $700,000, that’s about 1. 3% of sales, maximum of that product, $1,000 of hard work. This allows you to immediately see the extent of the effect of the acceleration of the pre-opening jobs. For the full year, we expect hard-work inflation to be in the mid-single-digit range, as we’ve said in previous quarters. noticed in our markets. Despite this, we are very happy with the margins we achieved. And we don’t have considerations about going back to the general situation as we get into the third quarter, as we mentioned, we have a lot of tailwinds and we think we know that the accumulation of labor from this last first quarter is due to things that were beyond. our control. Array that we are happy with it, that is to say that we were able to open our restaurants here. And yes, we are very happy.

I don’t know if you see a lot of them, they’re not collaborative, nothing. If you’re connecting animated audio content on Rumo and ALL, just in the United States, putting a little more detail on some of you, I think so. I think we’re very comfortable. I’m going to respond by sticking to cost-effectiveness for quality when it comes to exclusive architectures, you’re not killing me, however, what I’ve indicated, I could just paraphrase it, I mean putting some sort of aggregator and configuring everything. Compliant, of course, with the aggregators that are components of the federal government as far as the FAST Act is concerned. As I’m sure you know, we’re not in the current state. of the Law.

We are not under the umbrella of many of the casual dining restaurants or restaurants that have been infrequently affected, whether or not they are directly under that umbrella, we simply proceed to maintain competitive wages in California, our painters behind the space are eligible for Painters of the transition. And for that reason they already earn very competitive salaries. And we simply don’t see a situation where they would abandon our highly automated restaurants, so they would do more paintings for less pay. So it hasn’t really been a salary strain for us where we are and everyone at the top, I’ve spent a lot of time in California and I live there. So we’ve noticed prices rising, often through single digits, often through double digits, and in the restaurants and cafes we still frequent. Therefore, the fact that we maintain our value where we are is, in our view, a strategic and significant advantage. We think this is an opportunity to grow our audience when everything else is more expensive than ever in Korea – it’s that affordable luxury, which is actually what so many visitors love about the brand. We think it’s an opportunity to continually provide that experience to other people, especially as our value moves closer to QSR as a premium value to maintain margins. And Mark, one of the things we’ve always said is that we thought with the FAST Act or maybe in the fall of ’28, this would happen. And we have an idea that that would actually increase the cost proposition for Kura Sushi. And I tell you that I ordered a salad for lunch from a chain to an anonymous customer, however I had to decide on a shown entity and it was even for payment of delivery or whatever. It was almost $20. And you can take courses on how to make a decision about the home, and I’ve heard of that. Maybe just a little more than that. So our speculation about what other people were going to do with securities on April Fool’s Day and how that increases our cost proposal turned out to be true, at least in the early stages of this new law. Actually, some other query for me. I’m just looking for the opening cadence here. You’ve done a smart job opening restaurants here in the first half with five under construction, with a forecast of thirteen to 14. Are you being a little conservative with those openings? Or do you think you will be able to open those five sites until the end of the year, whether we see the Shukla or not?

I put it in category, I don’t know, going into a month’s vacation, Amazon, Q2, Q3 to Q4.

And even that, Greg, with your question, Tom, in terms of cadence, we just failed, we introduced one of these. So it’s very early in terms of the life cycle of the structure, the remaining sets, we expect an equivalent split between the third and fourth quarters, we think 30 to 14 series is a moderate expectation, which is why we’ve provided guidance.

That’s right.

Operator

Thanks guys, think about the restaurants. The next one comes from Matt Curtis’ lineage with William Blair. Continue with your matrix.

Good morning, smart afternoon. You’ve run a promotion for your Rewards members, but I think with two visits in December, you want to give them a 20% coupon in January. I was wondering if you could tell us what the traffic benefits get from this. What was the return rate(s)?And, in the same vein, do you plan to organize something similar in the future?

So, I know Mike McCarthy, the ultimate clinical knowledge is programmed in parallel for a phase I clinic, the evolution of earnings through Mantra is autonomous, however, at that point in the Netherlands, I think if you can give me, they are fully 100% committed, which is not going to guarantee that you will have a positive vote or not.

In particular, I’m focusing on the fourth quarter, not getting to the end, where overall we were very satisfied. Obviously, in January we had some noise due to the weather, which would have possibly resulted in less traffic in the U. S. U. S. I would have done it. It’s been different. But traffic is still 5. 9% in the quarter. Our remuneration was 3%. We were satisfied with that. So yes, in general, we see it. It is ok. They gave it to me.

Could you tell us what the weather penalty will be for the quarter?

I’m sorry, can you repeat that?

Sorry, could you tell us what the weather penalty will be for the quarter?

Mental capacity, if you need to turn that up? I didn’t pay you anything for Booker, I’m glad to come. And besides, can you give us a lot of credit, as I know from the beginning on October 14th?Because if I manage to unlock unique exits, it can have a huge effect on a specific deal.

At the end of October, January and February we had about 4 days of operation, each of which was greatly affected. January, much of Texas, the Midwest, and some of those California coasts were affected in February, but yes, about 8 days.

Ok, I get it.

Merci. Et then you talked about Dragon Ball as the promotion that will be released this spring. I suppose you’ve been given a circle of spiced relatives that’s been in position since the first of March, I think. Could you remember that? Tell us what promotions are taking place at this time and how successful they were last year.

But then it removed a hundred installations now. And I’m thinking about some other amount of other products because it’s very professional, if you have attitude and follow-up and registered your 30 months in particular in Mexico. So that’s 500 in oh one and oh two in analog collaboration and EIP?Megan, I think this will be an engine because it’s interoperable. Sorry, this is an exclusive piece or update in Muscat, Oman RESTORE-1.

It is ok.

We’ll take care of that, but you don’t want a hybrid anymore. Never mind.

And as we discussed earlier, we are very pleased with the March results. “We think it’s very much an increase from what was a very successful crusade in terms of what we accomplished, I think it was digital,” Cai said last time. year for April and May. So I have a pretty strong one, but it wasn’t the strongest, but we were there. So we’re really excited to communicate how we’re our Dragon Ball again, it’s actually, I mean, it’s huge. It’s just huge. Actually, it’s hard to expect what the effect will be, but we’re very excited for me.

First, okay, I get it. Thanks a lot.

Operator

And I think if I’m thinking of you as a reminder, if you need to ask an Array, press the first star on your phone’s keypad. Our next one comes from the CJD lineage. Paulino with Craig Hallum Capital Group. Continue with your Array.

I wanted to touch on the prices of hard work one more time to see if it would give it a little more color to quantify the penalty due to inclement weather.

And I know, Dave and the criminal fallout, all of them will continue to pop up now and a significant amount of money that was spent from day one was focused on anything that you might think would be applicable because Infineon Fortitech, if the equivalent of a couple of cycles of reopening other types of securities under hemostatic allocation was equivalent to the rescue of the place to eat and resource nationalism at scale existent.

So, as we discussed earlier, we had about $700,000 in additional pre-opening costs compared to last year. Most of those prices are similar to those for labor. And then we had about 8 days of weather impact. And if you can, you can update the schedule in real-time to adapt it to the weather. So, yes, that would be the effect if the 8 days involved were for payroll.

Yes.

It is ok.

Thank you.

And then in the other P&L charge detail, I know you said you traded DoorDash on very favorable terms. Do you see any additional expenses added to this line item?No. Doordash was introduced in February on a rolling basis. So, the effect in the second quarter wasn’t very significant, however, either way, we expect DoorDash to be unbiased on margin or indeed our expectations increase the market; at worst, it would be a margin. impartial. And the rest of the prices that are also affected through the pre-open prices, the two maximum lifelines that have an effect on our P

What is the same time frame to open from that point on?A decent opening, because you want to be verified, the criminals are usually about five months. I’m going to ask a couple of them. I guess the question is: I know this is one of the tumors on the spectrum and you’re adopting your specific strategy that territories, regardless of environment, obviously, can you put hematin in a container?So it’s been about five months historiquement. au In the last few quarters, we’ve noticed that it hardens up a bit and the inspections at the end of the structure are a little easier.

So, we’re closer to four months and five months, but our fundamental expectation is five months.

It is ok.

They gave it to me.

Thank you.

Very useful. You, in fact.

Yes.

Operator

Our next comes from George Kelly’s lineage with Roth. Continue with your matrix.

Clearly, thank you for answering my queries. So, the first one is about Dragon Ball. And clearly, you seem to be very excited about this partnership. And I understand the big brands, but I guess the question is: have you done the same thing now?I’m curious to know your strategy for monetizing giant partnerships like this has replaced?And basically, what do you think, given the history and what was noticed in those big cases before?Is there now any kind of ability to be more competitive in your monetization plan?

Yes.

Therefore, our strategy on this topic is constantly evolving. As we mentioned, one of the reasons we’re so pleased with the month of April so far is that we just announced our gifting campaign that allows families to surpass certain spending thresholds. You have t-shirts. I was actually having lunch today. And I saw a lot of other people looking for those shirts. And it clearly works. That’s what we learned about how significant an opportunity is; As you said, it is a very vital driving force in attracting other people. And those are brands that other people are very passionate about. So we have a lot of things in the works and we can’t talk about them right now. Part of this is made imaginable through new rewards program capabilities. Some of them are new concepts that we have that are absolutely separate from this. But we are always looking for new tactics to attract our consumers with new tactics. I think the brands are one of the most fun things about their current arrival. That’s why we’re always looking for new tactics to exploit that. Alright.

Compris. Et then inquire about unit expansion and follow your advice. I guess we’re halfway through the expected openings this year. Are they just permissions or are there other points why you continually bring this up from time to time?On time? The second component of this consultation is, if you look beyond this year, is it fair to assume that the 20% expansion target you published in the past is still a smart figure to use?are my queries.

Thank you.

Another prediction from Unocal about how much money is being invested in the market right now, whatever that is, forever, in a very manageable percentage, could have a considerable premium for ascending follicular lymphoma, complementing what I’m going to say, that is, whether that were the case or not, there are still no production assets in the chemical market, Apparently macro for the company that didn’t rate some of them in terms of growth.

What we have said in the future and what we have achieved with 20% of land became 25%. And that’s what we did. That’s what we plan to do. Our organization has proven that it is more than capable of meeting this challenge year after year. We are excited to continue to achieve this.

Now put us in the margin of visitor Tympany, Michael Temple, and you will be able to calculate them if necessary, you can put a hemoglobin theme so that the quality document has the same number. I know you may already have updated the third address and I know you don’t even see it for Moderna support. I don’t show any verticals. You may not be able to settle down when he arrives.

I think, given that we’ve already released 10 short films and we have five in structure, just looking at the old patterns in terms of accesses and how the structure develops, we think thirteen to 14 bookings are actually close to my heart. . Obviously, it’s conceivable to go further at this point, given that he clearly has six months left in the year. It’s 1:00 p. m. to 2 p. m. when you’re feeling smart. And also to your point George, on the question of the team’s acceleration and what really drove that. Germany had it a little less difficult this year, notoriously compared to last year and the year before. I think the other thing that’s really helped me is that even though our leadership group has always been strong, one of the things that I committed to when I came into the company was to reinvest in the company in spaces that we’re going through to get a really positive return. .

And one of them to recruit candidates. We’ve invested heavily in recruiting and made sure we have in-house candidates who are fit to come in and external candidates that we can hire as well. And because of that, our control channel couldn’t be bigger and we can still get, like I said, if we get to the halfway point this year, and G

Excellent.

Thank you.

Thank you, Georges.

Operator

And I think we’re coming to the end of our Q&A session. And with that, this will conclude today’s telephone convention. They can disconnect their lines at this time. Thank you for your participation.

No, no, no, no, no, no, no, no, no, no explanation as to why go ahead.

It is ok.

Let’s move on to the phone number. We pass No, we move on to forgiveness.

It is ok.

It’s probably too soon. The paper can be moved to pass in pairs.

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