Revenue during the quarter dropped 16.85 percent to $225.73 million from $271.47 million in the previous year period. Gross margin for the quarter contracted 82 basis points over the previous year period to 71.50 percent. Operating margin for the quarter stood at negative 6.65 percent as compared to a positive 0.53 percent for the previous year period.

Operating loss for the quarter was $15.02 million, compared with an operating income of $1.43 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $8.68 million compared with $20.28 million in the prior year period. At the same time, adjusted EBITDA margin contracted 363 basis points in the quarter to 3.84 percent from 7.47 percent in the last year period.

Lane Cardwell, former Interim president and chief executive officer, commented, "The casual dining environment remains highly challenging, promotional, as well as price competitive and our sales trends are reflective of these conditions. Still, we are encouraged by the sequential progress we demonstrated during our third quarter relative to the industry. Specifically, we narrowed our performance gap with respect to same-restaurant sales and average check and have now outperformed in guest counts for three consecutive quarters. More importantly, we are encouraged by recent trends and expect further sequential improvement in operating performance as well as same-restaurant sales in the fourth quarter."