2026 Financial Targets
The Company is introducing the following second quarter financial targets and reiterating its full year financial targets, reflecting the benefits of portfolio optimization, operational improvements, and continued Benihana integration synergies.
Financial Results and Other Select Data US$s in millions | Q2 2026 Guidance June 28, 2026 | 2026 Guidance December 27, 2026 | |
| Total GAAP revenues | $202 to $206 | $840 to $855 | |
| Consolidated comparable sales | 1% to 2% | 1% to 3% | |
| Managed, license and franchise fee revenues | $3 to $4 | $14 to $15 | |
| Total owned operating expenses as a percentage of owned restaurant net revenue | 81% to 82% | 82% to 83% | |
| Consolidated total G&A, excluding stock-based compensation | $13 to $14 | Approx. $53 | |
| Consolidated Adjusted EBITDA(1) | $24 to $26 | $100 to $110 | |
| Consolidated restaurant pre-opening expenses | $1 to $2 | $5 to $6 | |
| Consolidated effective income tax rate | 10% to 20% | ||
| Consolidated total capital expenditures, net of allowances received by landlords | $38 to $42 | ||
| Consolidated number of new system-wide venues | 6 to 10 new venues |
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