Adjusted operating profit margin was 5. 3 in the fourth quarter, up from 5. 5 a year ago. The biggest contributor to this decline was an increase in expenses for profit adjustments, driven by improved revenues and earnings performance. Total sales in the United States ended in the third quarter of 3. 3 and traffic of 1. 8. Liz has gone through comps on concepts so I turn to other elements of our Q4 performance. Investments have been prioritized in relation to customer-oriented improvements, including food quality and sub-improvements, service upgrades and improved atmosphere. In the first quarter 12 system-wide locations were opened, including 9 international locations, 2 express locations and 1 Flemings. If any provision (or part of a provision) in these terms is invalid, Eeden agrees and you agree that the terms and conditions of these Terms remain in full force and effect. Nothing in these Terms and Conditions affects any of the rights that you consume under Japanese law that can not be changed or revoked. As a reminder, these investments include improvements in the preparation of steaks and serving sizes, reducing the complexity of the restaurants and improved atmosphere I think here the headline that I hope to communicate in these sections is how you think about Q4 results have seen the work we have made in these brands to get away from what I call, lots of marketing, more CDR, and go back to authentic in the restaurant design experience, and redistribution of dollars corresponding from mass marketing to mass customization that this work is done across all 3 brands. And it also a bit of a decrease in recent years, just wondering if it would only be back in the international markets and where so. Outbac k is well positioned to take on more shares because it the right balance between big brand experience, strong marketing and growing customer loyalty.
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October 2018
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