v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Net revenue:        
Total net revenue $ 550,988 $ 518,796 $ 1,067,151 $ 1,000,788
Operating Expenses:        
Selling, general, and administrative expenses 183,118 119,818 326,170 243,629
Depreciation and amortization 34,903 32,824 68,055 63,940
Total operating expenses 512,876 428,722 967,774 842,632
Operating income 38,112 90,074 99,377 158,156
Other expenses, net:        
Interest expense, net 31,359 31,816 67,893 75,567
Foreign currency transaction (gain) loss, net (12,197) 681 (11,987) 5,002
Other expenses, net 19,162 32,497 55,906 80,569
Income before taxes from continuing operations 18,950 57,577 43,471 77,587
Income tax expense 7,141 20,360 14,172 28,818
Net income from continuing operations 11,809 37,217 29,299 48,769
Gain on sale of discontinued operations, net of tax 37,367 0 37,367 0
Net loss from discontinued operations, net of tax (1,612) (7,058) (13,596) (14,349)
Net income $ 47,564 $ 30,159 $ 53,070 $ 34,420
Basic and Diluted (loss) earnings per share:        
Continuing Operations (in dollars per share) $ 0.07 $ 0.22 $ 0.18 $ 0.30
Discontinued Operations (in dollars per share) 0.22 (0.04) 0.15 (0.09)
Net basic earnings per share (in dollars per share) 0.29 0.18 0.33 0.21
Continuing Operations (in dollars per share) 0.07 0.22 0.18 0.30
Discontinued Operations (in dollars per share) 0.22 (0.04) 0.15 (0.09)
Net diluted earnings per share (in dollars per share) $ 0.29 $ 0.18 $ 0.33 $ 0.21
Weighted average shares outstanding        
Basic (in shares) 162,833 159,795 161,701 159,713
Diluted (in shares) 164,150 160,765 162,984 160,683
Franchise royalties and fees        
Net revenue:        
Total net revenue $ 49,180 $ 50,029 $ 93,890 $ 95,074
Company-operated store sales        
Net revenue:        
Total net revenue 333,280 301,917 647,411 586,146
Operating Expenses:        
Operating expenses 190,396 178,677 372,262 348,019
Independently-operated store sales        
Net revenue:        
Total net revenue 71,791 60,280 138,431 113,327
Operating Expenses:        
Operating expenses 38,060 31,956 74,535 61,311
Advertising contributions        
Net revenue:        
Total net revenue 27,041 24,911 52,366 48,981
Operating Expenses:        
Operating expenses 27,040 24,911 52,365 48,981
Supply and other revenue        
Net revenue:        
Total net revenue 69,696 81,659 135,053 157,260
Operating Expenses:        
Operating expenses $ 39,359 $ 40,536 $ 74,387 $ 76,752