v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue  
Revenue

(4) Revenue

The following table disaggregates our revenue by major source:

13 Weeks Ended

March 31, 2026

April 1, 2025

Restaurant and other sales

$

1,626,689

$

1,440,342

Royalties

5,953

6,778

Franchise fees

524

528

Total revenue

$

1,633,166

$

1,447,648

The following table presents a rollforward of deferred revenue-gift cards:

13 Weeks Ended

March 31, 2026

April 1, 2025

Beginning balance

$

448,744

$

401,198

Gift card activations, net of third-party fees

65,274

57,381

Gift card redemptions and breakage

(183,612)

(162,827)

Ending balance

$

330,406

$

295,752

We recognized restaurant sales of $153.1 million for the 13 weeks ended March 31, 2026 related to amounts in deferred revenue as of December 30, 2025. We recognized restaurant sales of $139.2 million for the 13 weeks ended April 1, 2025 related to amounts in deferred revenue as of December 31, 2024.