Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Jeff Farmer with Jefferies & Company.
Jeff Farmer - Jefferies & Company
Just looking for an early read on 2010 cost of goods sold. I guess up, down, flat versus 2009 -- how are you guys thinking about that line and what does pricing look like right now for 2010 for you guys?
Mary J. Twinem
From an overall commodity standpoint, wings out of the equation, everything else looks like it will be either flat or down so from an overall commodity side, it looks pretty good. Again, we don’t know what wings will do but otherwise it looks really nice.
Jeff Farmer - Jefferies & Company
Okay, and then I guess assuming or I guess based on the fact that you basically offset what’s going to be more than 40% wing cost inflation this year with 2% plus pricing, then looking into next year if everything else is flat and assuming we don’t get anywhere near the same type of inflation and potentially could you see COGS favorability next year?
Mary J. Twinem
You know, it really depends on the menu price conclusion we make in the future. We will for the fourth quarter of 2009 we’ll be slightly less than 3% on our menu price increase for what’s in effect to date. As we go into 2010, first quarter based on pricing taken so far, we’ll be slightly under 2%. Then we’ll be down to 1% in the second quarter and then almost or none, no menu pricing in effect for the third and fourth quarters, so we’ll make decisions on what we do from an overall menu price standpoint as we get closer to our first quarter menu rollout.
Jeff Farmer - Jefferies & Company
Okay, and then final question from me, you touched on this but are your new restaurants entering the comp base as a drag on same-store sales? You sort of illustrated for us some of the big volumes and then declines you are seeing there but 15 months later as they enter the comp base, are they a drag on same-store sales now and is that different from what you have seen in prior quarters or prior years?
Sally J. Smith
A couple of things -- one, we have our -- [we go to our comp group within 15 months] is a pretty short period of time. I think overall our goal is -- well, our goal certainly overall is to have them enter the comp group positive and I think they are entering the comp group at about at no impact to same-store sales for the third quarter.
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