Revenue |
(4) Revenue The following table disaggregates our revenue by major source: | | | | | | | | | | | | | 13 Weeks Ended | | 26 Weeks Ended | | July 1, 2025 | | June 25, 2024 | | July 1, 2025 | | June 25, 2024 | Restaurant and other sales | $ | 1,503,974 | | $ | 1,333,642 | | $ | 2,944,316 | | $ | 2,647,794 | Royalties | | 7,468 | | | 6,945 | | | 14,245 | | | 13,793 | Franchise fees | | 612 | | | 615 | | | 1,141 | | | 832 | Total revenue | $ | 1,512,054 | | $ | 1,341,202 | | $ | 2,959,702 | | $ | 2,662,419 |
The following table presents a rollforward of deferred revenue-gift cards: | | | | | | | | | | | | | 13 Weeks Ended | | 26 Weeks Ended | | July 1, 2025 | | June 25, 2024 | | July 1, 2025 | | June 25, 2024 | Beginning balance | $ | 295,752 | | $ | 266,482 | | $ | 401,198 | | $ | 373,913 | Gift card activations, net of third-party fees | | 86,101 | | | 78,643 | | | 143,482 | | | 134,882 | Gift card redemptions and breakage | | (104,560) | | | (94,640) | | | (267,387) | | | (258,310) | Ending balance | $ | 277,293 | | $ | 250,485 | | $ | 277,293 | | $ | 250,485 |
We recognized restaurant sales of $53.0 million and $192.2 million for the 13 and 26 weeks ended July 1, 2025, respectively, related to amounts in deferred revenue as of December 31, 2024. We recognized restaurant sales of $46.1 million and $184.0 million for the 13 and 26 weeks ended June 25, 2024, respectively, related to amounts in deferred revenue as of December 26, 2023.
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