v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

11. SEGMENT INFORMATION

We currently operate in one operating segment: full-service company-owned restaurants and in one geographic area: the United States of America. We do not have intra-entity sales or transfers. Our revenues are comprised of food and beverage sales from our restaurants, including takeout, delivery and catering sales. Our Chief Operating Decision Maker (“CODM”) is our Chief Executive Officer and President, and he assesses performance and decides how to allocate resources based on income from operations, which is also reported on our Consolidated Statements of Income. Additionally, the measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Our CODM uses net income to evaluate income generated from our segment assets and decides whether to reinvest profits into other parts of our business.

 

Reported segment revenue and expenses is presented below (in thousands):

 

 

 

For the Thirteen Weeks Ended

 

 

 

March 31, 2026

 

 

April 1, 2025

 

Revenues

 

$

358,118

 

 

$

347,973

 

Less:

 

 

 

 

 

 

Cost of sales

 

 

89,440

 

 

 

86,435

 

Labor and benefits

 

 

126,594

 

 

 

123,171

 

Occupancy and operating

 

 

84,922

 

 

 

82,777

 

Other segment items (1)

 

 

23,727

 

 

 

22,363

 

Depreciation and amortization

 

 

22,812

 

 

 

18,277

 

Income from operations

 

 

10,623

 

 

 

14,950

 

 

 

 

 

 

 

 

Reconciliation to net income:

 

 

 

 

 

 

Interest expense, net

 

 

(1,088

)

 

 

(1,230

)

Other expense, net

 

 

(446

)

 

 

(61

)

Income tax expense

 

 

(55

)

 

 

(167

)

Net income

 

$

9,034

 

 

$

13,492

 

 

(1) Other segment items consist of amounts related to general and administrative expenses, restaurant opening expenses, and loss on disposal of and impairment of assets, net.