The company said total sales for Q1 rose 1.0% to $2.76 billion from $2.73 billion a year earlier in fiscal 2025, driven by 42 net new restaurants, and it cited a blended same-restaurant sales decrease of (1.1)% as a partial offset.

1. 01

   The company said total sales for Q1 rose 1.0% to $2.76 billion from $2.73 billion a year earlier in fiscal 2025, driven by 42 net new restaurants, and it cited a blended same-restaurant sales decrease of (1.1)% as a partial offset.

2. 02

   The company said net earnings from continuing operations were $207.6 million for the first quarter of 2025 versus $194.8 million a year earlier, and reported diluted net earnings per share from continuing operations of $1.74 compared with $1.60 a year earlier.

3. 03

   The company said it entered into an agreement on July 17, 2024 to acquire all outstanding shares of Chuy's Holdings for $37.50 per share in an all-cash transaction with an enterprise value of about $605 million. The deal is subject to conditions, including shareholder approval, and is expected to close in the second quarter of fiscal 2025, which is Q2. The company said the planned acquisition is not reflected in its fiscal outlook.

4. 04

   The company said net cash provided by operating activities from continuing operations for the first 3 months of fiscal 2025 was $273.2 million versus $269.1 million a year earlier, and net cash used in investing activities was $149.7 million versus $854.2 million. Net cash used in financing activities was $126.7 million, including dividends paid of $166.0 million and share repurchases of $172.4 million.

Key figures

Quarter ended August 25, 2024

Revenue

$2.8B

Operating income

$269M

Net income

$207M

EPS

$1.74

Gross profit

$518M

Operating cash flow

$273M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.