v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenue        
Total revenue $ 87,846 $ 91,594 $ 174,951 $ 183,655
Costs and expenses        
Food and beverage costs 21,544 22,949 42,778 45,341
Labor and benefits costs 25,287 26,411 50,539 53,020
Other operating costs 17,062 16,649 33,907 33,008
Occupancy costs 6,342 6,599 12,668 13,233
Advertising expense 5,056 4,785 10,135 10,752
Pre-Opening expense 178 64 695 92
General and administrative expense 19,894 6,902 26,708 13,894
Depreciation and amortization 4,072 5,841 10,166 11,587
Total costs and expenses 99,435 90,200 187,596 180,927
(Loss) income from operations (11,589) 1,394 (12,645) 2,728
Other (expense) income, net        
Interest expense (11,456) (12,004) (22,278) (22,412)
Other income, net 142 (221) 173 (289)
Total other expense, net (11,314) (12,225) (22,105) (22,701)
Loss before income tax provision (22,903) (10,831) (34,750) (19,973)
Income tax benefit (2,119) (99) (1,854) (20)
Net loss $ (20,784) (10,732) $ (32,896) (19,953)
Basic loss per common share (in dollars per share) $ (0.38)   $ (0.61)  
Diluted loss per common share (in dollars per share) $ (0.38)   $ (0.61)  
Basic weighted average shares outstanding (in shares) 55,017,636   54,033,762  
Diluted weighted average shares outstanding (in shares) 55,017,636   54,033,762  
Restaurant sales        
Revenue        
Total revenue $ 79,625 83,706 $ 158,028 166,995
Franchise revenue        
Revenue        
Total revenue $ 8,221 $ 7,888 $ 16,923 $ 16,660