v3.25.1
Revenues (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table disaggregates franchise revenues by major type for the three months ended March 31, 2025 and 2024:
 Three Months Ended March 31,
 20252024
(In millions)
Franchise Revenues:
Royalties$76.3 $80.2 
Advertising revenues70.5 75.3 
Proprietary product sales and other17.0 18.0 
Franchise and development fees2.4 2.4 
Total franchise revenues$166.2 $175.9 
Schedule of Changes in Deferred Revenue
Changes in the Company's contract liability for deferred franchise and development fees during the three months ended March 31, 2025 were as follows:
 Deferred Franchise Revenue
(short- and long-term)
(In millions)
Balance at December 31, 2024
$42.7 
Recognized as revenue during the three months ended March 31, 2025
(2.3)
Fees deferred during the three months ended March 31, 2025
0.8 
Balance at March 31, 2025
$41.2 
Schedule of Remaining Performance Obligations
The balance of deferred revenue as of March 31, 2025 is expected to be recognized as follows:
(In millions)
2025 (remaining nine months)
$4.4 
20265.1 
20274.4 
20283.5 
20293.3 
Thereafter20.5 
Total$41.2