During the quarter, we acquired the Lime Fresh Mexican Grill concept for $24 million and have plans to grow this brand in the future, including 12 to 16 new company units this fiscal year in 20 plus, hopefully, plus-plus in the following year, fiscal '14. We continue on finding contingent months, slice selection process in getting A sites. This is a very well-positioned, high-quality fast casual brand that offers good growth -- that offers very good growth potential and attractive potential cash-on-cash returns. Our current development strategy is focused on a few P1 markets, Florida, Washington, D.C., New York City area, as well as some other major market points up and down the East Coast.

Read the rest of this transcript for free on seekingalpha.com

If you liked this article you might like

Most Restaurant Stocks Remain Tough to Swallow

The Ruby Tuesday Disaster Continues

Why Hurricane Harvey Has Flooded These Restaurant Stocks With Sell Orders

It's Hard to Work Up an Appetite for Most Restaurant Stocks