Fiscal Quarter Ended March 22, 2026

U.S.
Stores

Supply
Chain

International
Franchise

Total

U.S. Company-owned stores

$

82,098

$

—

$

—

$

82,098

U.S. franchise royalties and fees

158,014

—

—

158,014

Supply chain

—

724,414

—

724,414

Supply chain - intersegment revenues

—

(25,441

)

—

(25,441

)

International franchise royalties and fees

—

—

80,980

80,980

U.S. franchise advertising

130,529

—

—

130,529

Segment revenues

$

370,641

$

698,973

$

80,980

$

1,150,594

Cost of sales - food

24,935

489,102

—

514,037

Cost of sales - labor

27,239

64,379

—

91,618

Cost of sales - other (1)

19,873

60,554

—

80,427

U.S. franchise advertising

130,529

—

—

130,529

General and administrative (2)

35,696

19,426

11,474

66,596

Segment Adjusted Income from Operations

$

132,369

$

65,512

$

69,506

$

267,387

Segment capital expenditures (3)

$

2,670

$

5,248

$

—

$

7,918

Segment depreciation and amortization (4)

$

2,558

$

9,753

$

18

$

12,329

Fiscal Quarter Ended March 23, 2025

U.S.
Stores

Supply
Chain

International
Franchise

Total

U.S. Company-owned stores

$

91,598

$

—

$

—

$

91,598

U.S. franchise royalties and fees

151,000

—

—

151,000

Supply chain

—

697,910

—

697,910

Supply chain - intersegment revenues

—

(27,986

)

—

(27,986

)

International franchise royalties and fees

—

—

75,559

75,559

U.S. franchise advertising

123,975

—

—

123,975

Segment revenues

$

366,573

$

669,924

$

75,559

$

1,112,056

Cost of sales - food

27,211

471,616

—

498,827

Cost of sales - labor

29,181

61,882

—

91,063

Cost of sales - other (1)

20,520

58,499

—

79,019

U.S. franchise advertising

123,975

—

—

123,975

General and administrative (2)

36,755

14,321

11,815

62,891

Segment Adjusted Income from Operations

$

128,931

$

63,606

$

63,744

$

256,281

Segment capital expenditures (3)

$

976

$

5,510

$

—

$

6,486

Segment depreciation and amortization (4)

$

2,820

$

9,212

$

35

$

12,067

(1)

Cost of sales - other, includes delivery, occupancy costs (including rent, telephone, utilities, depreciation and amortization) and insurance expense.

(2)

General and administrative expense consists primarily of labor cost, depreciation and amortization, computer expenses, professional fees, travel and entertainment, rent, insurance and other. Gains and losses from the sale of assets and refranchising gains and losses are not included in the measurement of Segment Adjusted Income from Operations. Non-cash equity-based compensation expense is not allocated to the reportable segments.

(3)

The Company also had $8.6 million and $8.7 million of other capital expenditures not attributable to the reportable segments primarily representing capitalized software in the first quarters of 2026 and 2025, respectively.

(4)

Segment depreciation and amortization reflects amounts included within cost of sales - other and general and administrative expenses. The Company also had $8.1 million and $8.3 million of depreciation and amortization expense included in general and administrative expense not allocated to the reportable segments in the first quarters of 2026 and 2025, respectively.