In a release on
The Company recorded a net pre-tax credit during the fourth quarter of fiscal 2013 primarily related to the relocation of two
Comparable restaurant sales at
By concept, comparable restaurant sales grew 1.1 percent at
"Our comparable sales in the fourth quarter were again competitively strong relative to the industry. Underlying business trends at
"We are honored to be named to
The Company opened three new restaurants and relocated three restaurants in the fourth quarter of fiscal 2013, delivering on its objective to open nine Company-owned restaurants during fiscal 2013.
Internationally, one new
In fiscal 2014, the Company continues to expect to open as many as 10 to 12 Company-owned restaurants. Internationally, the Company expects as many as three to five restaurants to open in the
The Company's Board of Directors declared a quarterly cash dividend of
During the fourth quarter of fiscal 2013, the Company repurchased 1.0 million shares of its common stock at a cost of
For fiscal 2014, the Company expects that it will return substantially all of its free cash flow to shareholders in the form of dividends and share repurchases.
"We continue to allocate capital effectively by investing in new restaurant development, maintaining our existing restaurants, and returning excess cash to shareholders. We are achieving our capital objectives and increasing total shareholder returns at the same time," concluded Overton.
Financial Reporting Dates for Fiscal 2014
The Company plans to announce quarterly financial results and hold conference calls to discuss its results for the first three quarters of fiscal 2014 as outlined below. The earnings press releases will be issued at approximately
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In a release on