Partially offset by improved performance in our international markets, lower overall G&A spend due to our biannual franchisee conference, which did not repeat this year, as well as lower supplemental advertising and lower cost of sales due to commodities deflation and lower volumes to our restaurants.

May 7, 2026 / receipt, needs a key / Robbie Thanawala, CFO | earnings call 2026-05-07 | transcript cce3034f-998f-4902-b345-0b6c9ec3f06e | chars 19340-19642 | segment 19

In China, we are focused on establishing a sustainable operating model to accelerate growth in this important global market. Korea and Spain are well-established markets with a solid foundation that we can continue to build on to drive long-term growth through product innovation, operational excellence, and new restaurant development to improve penetration and accessibility. In Latin America, we continue to build on our strong market share and remain focused on being the brand of choice. I've had the opportunity to travel to the UK this quarter with Ravi and several others, and we're incredibly proud of the work that has been done in this market over the past year.

Nov 7, 2024 / receipt, needs a key / Todd Penegor, CEO | earnings call 2024-11-07 | transcript 4e6715d7-8d77-4b6a-829e-e3382f16991c | chars 9953-10626 | segment 10

For added color, we expect our second quarter G&A expense to be higher due to the return of our franchisee conference after a three-year pandemic hiatus.

May 4, 2023 / receipt, needs a key / Chris Collins, interim principal financial and accounti | earnings call 2023-05-04 | transcript 78ec7bb4-9eb3-46d2-a786-356e1ebc7df2 | chars 19558-19711 | segment 19

Offsetting these tailwinds are the investments we are making in the UK and higher G&A expenses as performance-based compensation ramps back up along with the return of our franchisee conference in the second quarter after a three-year pandemic hiatus.

Feb 23, 2023 / receipt, needs a key / Anne, CFO | earnings call 2023-02-23 | transcript a8b92c86-22f0-49ba-b661-06b0d67d8b74 | chars 26223-26474 | segment 26

The return to seasonal travel trends has been amplified coming out of the pandemic, and the VAT tax holiday in the UK has lapsed.

Nov 3, 2022 / receipt, needs a key / Rob Lynch, CEO | earnings call 2022-11-03 | transcript b75be900-abf8-40aa-ac84-d46b61987105 | chars 6114-6243 | segment 6

One consumer behavior change that I will point out that's absolutely having an impact is the return to travel. Traditional QSR, I think, is pretty neutral to people going on vacation because a lot of those folks are in their cars driving on the highways and pulling through drive-thrus. We are a planned dinner purchase. When people go on vacation, it impacts our business.

Aug 4, 2022 / receipt, needs a key / Rob, CEO | earnings call 2022-08-04 | transcript a2c7d945-5f31-4f10-97f9-f8f04ef23710 | chars 25702-26075 | segment 26

Consolidating our international operations in the UK allows for greater collaboration and best practice sharing, reduces travel overheads, and leverages our significant resources located there across our international portfolio.

Nov 5, 2020 / receipt, needs a key / Rob, CEO | earnings call 2020-11-05 | transcript b5923d10-95af-437f-b9cb-3e4a68bdebca | chars 4947-5175 | segment 5

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company_statement / Sep 15, 2026 / receipt

General Manager | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-12_KYLouisvilleSouthside-Dr/General-Manager_R26_0000002119", "remote": false, "category": "other", "function": "

company_statement / Sep 15, 2026 / receipt

General Manager | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-3_INNew-AlbanyCharlestown-Rd/General-Manager_R26_0000002116", "remote": false, "category": "other", "function":

company_statement / Sep 14, 2026 / receipt

Shift Leader | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-3903_NCCharlotteSandy-Rock-Place/Shift-Leader_R26_0000002117", "remote": false, "category": "other", "function": "o

company_statement / Sep 14, 2026 / receipt

General Manager | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-410_GAWoodstockTrickum-Rd/General-Manager_R26_0000002115", "remote": false, "category": "other", "function": "ot

company_statement / Sep 14, 2026 / receipt

Shift Leader | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-5134_GAAlpharettaHighway-9-N/Shift-Leader_R26_0000002109", "remote": false, "category": "other", "function": "other

company_statement / Sep 14, 2026 / receipt

Restaurant Team Member | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-5369_GAAcworthMars-Hill-Rd/Restaurant-Team-Member_R26_0000002048", "remote": false, "category": "other",

company_statement / Sep 11, 2026 / receipt

Custodial Maintenance Technician | {"ats": "workday", "city": null, "state": null, "job_id": "/job/QCC-GA/Custodial-Maintenance-Technician_R26_0000001996", "remote": false, "category": "other", "funct

company_statement / Sep 9, 2026 / receipt

Manager, Customer Relations | {"ats": "workday", "city": null, "state": null, "job_id": "/job/HQ_Louisville/Manager--Customer-Relations_R26_0000002099", "remote": false, "category": "other", "function

company_statement / Sep 8, 2026 / receipt

Lead Team Member Distribution-1st Shift | {"ats": "workday", "city": null, "state": null, "job_id": "/job/QCC-GA/Lead-Team-Member-Distribution-1st-Shift_R26_0000002111", "remote": false, "category": "

company_statement / Sep 8, 2026 / receipt

Distribution Team Member | {"ats": "workday", "city": null, "state": null, "job_id": "/job/QCC-NJ/Distribution-Team-Member_R26_0000002105", "remote": false, "category": "other", "function": "other", "

company_statement / Sep 8, 2026 / receipt

Hourly Shift Leader | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Store-5415_INWestfieldW-Tournament-Trl/Hourly-Shift-Leader_R26_0000002112", "remote": false, "category": "other",

company_statement / Sep 8, 2026 / receipt