Financial Data and Key Metrics Changes - In Q3 2025, the company reported revenue of $448 million, a net loss of $42 million, or $1.22 per diluted share, and an adjusted net loss of $39 million, or $1.14 per diluted share [16] - Adjusted EBITDA was $59 million, resulting in an adjusted EBITDA margin of 13% [16] - Comparable store sales decreased by 4% year-over-year, with a sequential improvement noted in October, where sales were down approximately 1% [15][16] Business Line Data and Key Metrics Changes - The company saw positive same-store sales for food and beverage during the quarter, with October being the best month of the year for same-store food sales [8][16] - The Eat & Play Combo promotion has shown significant traction, with guest attachment improving to a double-digit percentage since the beginning of the year [9] Market Data and Key Metrics Changes - The company opened one domestic D&B store and three new domestic Main Event stores in Q3, bringing the total new store openings year-to-date to nine [18] - The company expects to open four more international franchise locations over the next six months, with agreements secured for over 35 additional stores in the coming years [18] Company Strategy and Development Direction - The company is focused on a "back-to-basics" plan, which includes enhancing marketing strategies, improving food and beverage offerings, and revamping game offerings [4][5] - A new remodel program is underway, with three remodels under construction and plans for six new remodels in the next five months [12][19] - The leadership team has been strengthened with the addition of key executives to enhance capabilities and drive growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to improve operating results and drive value creation for guests and shareholders [4] - The company is optimistic about the upcoming 2026 game lineup, which is expected to resonate well with customers [10][11] - Management noted that they are seeing healthy spending and increased time spent by guests in the Midway [25] Other Important Information - The company generated $58 million in operating cash flow during Q3 and ended the quarter with $14 million in cash and $442 million in total liquidity [16][17] - The company is committed to generating free cash flow while investing in new store growth and high ROI initiatives [17] Q&A Session Summary Question: What marketing messages are resonating with consumers? - Management noted that smart value offers, rather than discounts, are resonating well with consumers, leading to increased traction for their value messaging [21] Question: How are consumers spending in the Midway? - Management indicated that guests are spending more and spending more time in the Midway, reflecting healthy consumer engagement [25] Question: Are refinements to the marketing media mix sufficient to change consumer perception? - Management acknowledged strong brand awareness and emphasized the need for data-driven media planning to convert reach into real customers [30] Question: What are the learnings from the remodel prototype? - Management confirmed that remodels are still showing a positive impact of approximately 700 basis points and emphasized the importance of investing in areas that directly enhance guest experience [32] Question: How did entertainment comps perform throughout the quarter? - Management reported sequential improvement in entertainment comps, indicating a positive trend moving forward [36]

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today reported fiscal fourth-quarter and full-year 2025 results. Unless otherwise noted, time periods referenced below are on a fiscal-year basis. MANAGEMENT COMMENTARY "Last year was a pivotal one for Compass Minerals, as we executed our back-to-basics strategy aimed at improving the performance of our core Salt and Plant Nutrition businesses. We aligned our North American highway deicing pr ...