v3.25.2
REFRANCHISING
6 Months Ended
Jun. 29, 2025
Refranchising [Abstract]  
REFRANCHISING REFRANCHISING
As part of its ongoing franchising efforts, the Company may, from time to time, sell operating restaurants built or acquired by the Company in order to convert them to franchise locations or acquire existing franchised locations to resell them to another franchisee across all of its brands.
The following assets used in the operation of certain restaurants meet all of the criteria requiring that they be classified as held-for-sale, and have been classified accordingly in the accompanying condensed consolidated balance sheets as of June 29, 2025 and December 29, 2024 (in millions):
June 29, 2025 December 29, 2024
Operating lease right-of-use assets$— $0.4 
Total$— $0.4 
Operating lease liabilities related to the assets classified as held-for-sale in the amount of $0.4 million have been classified as current liabilities in the accompanying condensed consolidated balance sheets as of December 29, 2024.
The following table highlights the operating results of the Company's refranchising program (in millions):
Thirteen Weeks EndedTwenty-Six Weeks Ended
June 29, 2025June 30, 2024June 29, 2025June 30, 2024
Restaurant costs and expenses, net of revenue$— $(0.3)$— $0.7 
Loss on store sales or closures— 0.5 — 1.0 
Refranchising (gain) loss $— $0.2 $— $1.7