Adjusted EBITDA, which is outlined as internet earnings earlier than curiosity, taxes, depreciation and amortization, adjusted for the impression of sure non-cash and different objects that we don’t contemplate within the analysis of ongoing operational efficiency (see “Non-GAAP Monetary Measures”), elevated $30.2 million to $62.2 million from $32.0 million within the prior yr interval.
Section EBITDA represents our Complete Section EBITDA damaged down by the Firm’s reportable segments. Complete Section EBITDA is the same as EBITDA, which is outlined as internet earnings earlier than curiosity, taxes, depreciation and amortization (see “Non-GAAP Monetary Measures”).
- Franchise section EBITDA elevated $20.9 million to $52.0 million. The rise in franchise section EBITDA for the third quarter 2021 was a results of greater royalty and nationwide promoting fund collections within the three months ended September 30, 2021 consisting of a $10.0 million enhance in franchise royalty income, a $1.3 million enhance in NAF income, and a $3.2 million enhance in franchise and different charges, primarily attributable to non permanent retailer closures on account of COVID-19 within the prior yr interval. Moreover, NAF expense was $4.6 million decrease within the three months ended September 30, 2021 as a result of greater promoting and advertising and marketing bills within the prior yr interval on account of elevated advertising and marketing efforts as shops reopened from COVID-19 associated closures;
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