Mika Ware
Executive VP & Chief Financial Officer at Brinker International
Capital expenditures for the quarter were approximately $80,000,000 driven by accelerated investments in kitchen equipment and capital maintenance. During the quarter, we repaid approximately $125,000,000 in funded debt, leaving only $90,000,000 remaining on our revolver from the $350,000,000 notes that matured in October, bringing our overall lease adjusted leverage ratio to 1.9 times. Our current $900,000,000 revolver expires in August of twenty twenty six. We are on track to close the refinance of the revolver during Q4, locking in ample liquidity to continue to support all of our disciplined capital allocation strategy, which is to invest in the business, pay down debt and return excess cash to the shareholders. In terms of our expectations for the balance of the year, as noted in this morning's press release, we're raising our fiscal twenty twenty five full year guidance to include the following: annual revenues in the range of $5,330,000,000 to $5,350,000,000 adjusted diluted EPS in the range of $8.5 to $8.75 capital expenditures in the range of two sixty five million dollars to $275,000,000 Weighted average shares in the range of $46,000,000 to $46,500,000 Assumptions underlying this guidance include consideration of the macro environment, planned commodity inflation in the low single digits, wage rate inflation in the mid single digits and a tax rate in the high teens.
