| Schedule of Segment Results |
Segment results for the three months ended March 28, 2026 and March 29, 2025 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 28, 2026 | | (in thousands) | Take 5 | | Franchise Brands | | Auto Glass Now | | | | | Total | | Franchise royalties and fees | $ | 10,721 | | | $ | 36,542 | | | $ | — | | | | | | $ | 47,263 | | | Company-operated store sales | 271,712 | | | 2,514 | | | 62,906 | | | | | | 337,132 | | | Supply and other revenue | 40,778 | | | 30,331 | | | 151 | | | | | | 71,260 | | | Total segment net revenue | $ | 323,211 | | | $ | 69,387 | | | $ | 63,057 | | | | | | $ | 455,655 | | | | | | | | | | | | | | Corporate and Other revenue | | | | | | | | | | 28,786 | | | Total consolidated net revenue | | | | | | | | | | $ | 484,441 | | | | | | | | | | | | | | Other segment items | 213,739 | | | 28,030 | | | 57,123 | | | | | | | | Reportable segment Adjusted EBITDA | $ | 109,472 | | | $ | 41,357 | | | $ | 5,934 | | | | | | $ | 156,763 | | | | | | | | | | | | | | Less: | | | | | | | | | | | | Corporate and Other loss | | | | | | | | | | 52,691 | | | Depreciation and amortization | | | | | | | | | | 21,331 | | | Interest expense, net | | | | | | | | | | 23,452 | | Acquisition related costs(a) | | | | | | | | | | 170 | | Non-core items and project costs, net(b) | | | | | | | | | | 2,492 | | Cloud computing amortization(c) | | | | | | | | | | 5,185 | | Share-based compensation expense(d) | | | | | | | | | | 6,348 | | Foreign currency transaction loss, net(e) | | | | | | | | | | 8,930 | | | | | | | | | | | | | Impairment, (gain) loss on sale of assets, net, and closed store expenses(f) | | | | | | | | | | 1,106 | | Loss on debt extinguishment(g) | | | | | | | | | | 1,820 | | | Income before taxes from continuing operations | | | | | | | | | | $ | 33,238 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 29, 2025 | | As Restated | | (in thousands) | Take 5 | | Franchise Brands | | Auto Glass Now | | | | | Total | | Franchise royalties and fees | $ | 8,357 | | | $ | 36,353 | | | $ | — | | | | | | $ | 44,710 | | | Company-operated store sales | 250,800 | | | 3,992 | | | 59,339 | | | | | | 314,131 | | | Supply and other revenue | 35,628 | | | 29,470 | | | 1 | | | | | | 65,099 | | | Total segment net revenue | $ | 294,785 | | | $ | 69,815 | | | $ | 59,340 | | | | | | $ | 423,940 | | | | | | | | | | | | | | Corporate and Other revenue | | | | | | | | | | 23,672 | | | Total consolidated net revenue | | | | | | | | | | $ | 447,612 | | | | | | | | | | | | | | Other segment items | 198,390 | | | 26,935 | | | 54,023 | | | | | | | | Reportable segment Adjusted EBITDA | $ | 96,395 | | | $ | 42,880 | | | $ | 5,317 | | | | | | $ | 144,592 | | | Less: | | | | | | | | | | | | Corporate and Other loss | | | | | | | | | 42,264 | | | Depreciation and amortization | | | | | | | | | | 20,311 | | | Interest expense, net | | | | | | | | | | 36,266 | | Acquisition related costs(a) | | | | | | | | | | 15 | | Non-core items and project costs, net(b) | | | | | | | | | | 3,210 | | Cloud computing amortization(c) | | | | | | | | | | 1,881 | | Share-based compensation expense(d) | | | | | | | | | | 12,260 | | Foreign currency transaction gain, net(e) | | | | | | | | | | (471) | | | | | | | | | | | | | Impairment, (gain) loss on sale of assets, net, and closed store expenses(f) | | | | | | | | | | 9,894 | | | | | | | | | | | | | | Income before taxes from continuing operations | | | | | | | | | | $ | 18,962 | |
(a)Consists of acquisition costs as reflected within the consolidated statements of operations, including legal, consulting and other fees, and expenses incurred in connection with acquisitions completed during the applicable period, as well as inventory rationalization expenses incurred in connection with acquisitions. As acquisitions occur in the future, we expect to incur similar costs and, under U.S. GAAP, such costs relating to acquisitions are expensed as incurred and not capitalized. (b)Consists of discrete items and project costs, including third-party professional costs associated with strategic transformation initiatives as well as non-recurring payroll-related costs and non-ordinary course legal settlements. (c)Includes non-cash amortization expenses relating to cloud computing arrangements. (d)Represents non-cash share-based compensation expense. (e)Represents foreign currency transaction (gains) losses, net that primarily related to the remeasurement of the intercompany loans as well as gains and losses on cross-currency swaps. (f)Consists of the following items (i) asset impairments, (ii) (gains) losses, net on sale leasebacks, disposal of assets, including assets held for sale, or sale of business; and (iii) closed store expenses. See Note 12 for additional information regarding the Seller Note. (g)Represents charges incurred related to the Company’s partial repayment of the 2020-1 Senior Notes and full repayment of the 2019-2 Senior Notes.
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