Core Insights - The company reported strong fourth-quarter results, achieving same-store sales growth and improved restaurant-level margins despite macroeconomic challenges [5][39] - The strategic focus on operational excellence and cost savings has led to enhanced profitability and unit economics [6][7] - The company plans to continue its growth trajectory with a clear strategy for 2026, emphasizing sustainable traffic growth and disciplined expansion [7][34] Financial Performance - Total revenue for Q4 2025 was $123.5 million, up from $114.3 million in Q4 2024, with company-operated restaurant revenue increasing by 7.1% to $102.4 million [39] - Adjusted EBITDA for 2025 was $16.9 million, compared to $14.3 million in 2024, reflecting the impact of an additional operating week in 2025 [46] - The company expects systemwide comparable store sales growth of 2% to 3% for 2026, with plans to open 15 to 16 franchised-operated restaurants [49] Operational Strategy - The company has made significant investments in operational improvements, including technology upgrades and enhanced labor productivity, which have contributed to margin improvements [6][25][29] - A digital-first approach has driven engagement and transaction growth, with loyalty revenue and participation rates increasing by over 20% year over year [26][27] - The company completed 69 remodels in 2025 and plans to remodel 25 to 35 company-operated restaurants in 2026 [35] Menu Innovation - The company has focused on culinary innovation, launching new menu items that resonate with consumer preferences, such as the Double Pollo Salad and Baja Double Tostadas [10][12][15] - The introduction of a protein menu and new beverages aims to attract health-conscious consumers while maintaining the brand's commitment to quality [14][16] - The company is testing new products, including chicken tenders and a grilled chicken sandwich, to expand its offerings [15][70] Marketing and Brand Engagement - The "Let's Get Loco" campaign has successfully built brand affinity and engagement through unique marketing activations [18][19] - The company is shifting its local marketing approach to include grassroots efforts, particularly in new and growing markets [21] - The focus on operational excellence and customer satisfaction has led to improved overall satisfaction scores, outpacing the QSR industry [23][24]