Segment Information |
Segment Information The Company has one reportable segment, and the measure of restaurant segment assets is reported as Total assets on the Consolidated Balance Sheets. Financial information for the Company’s reportable segment is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | Twenty-Six Weeks Ended | | June 28, 2025 | | June 29, 2024 | | June 28, 2025 | | June 29, 2024 | | | Revenue: | | | | | | | | | | Royalty revenue, franchise fees and other | $ | 79,889 | | | $ | 71,160 | | | $ | 158,664 | | | $ | 138,257 | | | | Advertising fees | 61,962 | | | 54,654 | | | 124,234 | | | 104,803 | | | | Company-owned restaurant sales | 32,478 | | | 29,885 | | | 62,525 | | | 58,428 | | | | Total revenue | 174,329 | | | 155,699 | | | 345,423 | | | 301,488 | | | | Cost of sales: | | | | | | | | | | Food, beverage and packaging costs | 11,937 | | | 10,695 | | | 23,178 | | | 20,596 | | | | Labor | 7,441 | | | 6,987 | | | 14,594 | | | 13,663 | | | | Other operating costs | 5,821 | | | 5,757 | | | 11,012 | | | 11,167 | | | | Vendor rebates | (794) | | | (766) | | | (1,544) | | | (1,482) | | | | Total cost of sales | 24,405 | | | 22,673 | | | 47,240 | | | 43,944 | | | | Advertising expenses | 65,533 | | | 58,548 | | | 131,328 | | | 111,740 | | | | Selling, general & administrative: | | | | | | | | | | Transaction costs | — | | | — | | | 497 | | | — | | | | | | | | | | | | | | System implementation costs | 1,534 | | | — | | | 2,846 | | | — | | | | Stock-based compensation expense | 6,217 | | | 4,926 | | | 11,529 | | | 8,738 | | | | Other segment expense (1) | 25,186 | | | 23,171 | | | 49,505 | | | 44,537 | | | | Total selling, general and administrative | 32,937 | | | 28,097 | | | 64,377 | | | 53,275 | | | | Depreciation and amortization | 6,220 | | | 5,161 | | | 12,448 | | | 8,571 | | | | Loss on disposal of assets | — | | | — | | | 6,535 | | | — | | | | Interest expense, net | 8,469 | | | 5,200 | | | 17,379 | | | 9,744 | | | | | | | | | | | | | | Investment income, net | — | | | (471) | | | (93,839) | | | (774) | | | | Income tax expense | 10,002 | | | 9,006 | | | 40,927 | | | 18,756 | | | | Net income | $ | 26,763 | | | $ | 27,485 | | | $ | 119,028 | | | $ | 56,232 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) Other segment expense consists primarily of corporate related items such as headcount-related expenses, office rent expense, and other overhead costs.
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