Reports Q4 revenue $97.624M vs $89.315M last year. Fiesta Interim Chief Executive Officer Dirk Montgomery said, "During the fourth quarter, we continued the double-digit comparable restaurant sales momentum from the third quarter with improved margins while continuing to make progress on the key priorities we communicated previously, including ongoing increases in operations staffing levels and tangible headway on G&A expense reduction." Montgomery added, "As discussed in prior quarters, we are intensely focused on transaction growth. We are pleased that the decline in year-over-year comparable transactions, which had slowed in previous quarters and reached -2.4% in December, turned positive to modest year-over-year transaction growth at the start of 2023, and further improved in fiscal February month-to-date. In addition, early 2023 transaction momentum has been strong in our key South Florida markets, which are generating positive transaction growth in 2023 vs. 2022 year-to-date."
Published first on TheFly
