00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Salt Lake Mexican Grill reported fourth-quarter earnings that beat Wall Street estimates,
00:06while revenue met forecasts reflecting a nearly 13 percent increase in net sales.
00:11The restaurant chain's transactions rose 4 percent in the quarter,
00:14outperforming the broader restaurant industry,
00:16where traffic has declined as some consumers cook at home.
00:20Sales have been volatile in the near-early 2025, with executives
00:24attributing the fluctuations to weather impacts, including Los Angeles wildfires.
00:28CFO Adam Reimer noted that while transaction trends remain strong,
00:32the company expects low to mid-single-digit same-store sales growth
00:36due to tougher year-over-year comparisons.
00:38For all things money, visit Benzinga.com slash GSTV.
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