v3.25.2
Revenue
6 Months Ended
Jul. 01, 2025
Revenue  
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.