v3.26.1
Segment Information
 6 Months Ended
Jun. 28, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Management determined the Company’s single operating segment on the basis that the Company’s Chief Operating Decision Maker (the “CODM”), the Chief Executive Officer, assesses performance and allocates resources at the Company’s consolidated level. The Company’s CODM uses consolidated net income (loss) to evaluate performance and make key operating decisions, such as investments in our long-term growth strategy. This measure is also used to monitor budget against actual results.
Revenue is derived from sales of food and beverage, net of discounts, by our restaurants as well as franchise royalty, system fund and initial franchise fees. The measure of total assets for the reporting segment is reported on the consolidated balance sheets as total assets. The measure of capital expenditures for the reporting segment is reported on the consolidated statements of cash flows as capital expenditures.
The following table details consolidated net income (loss) for the segment for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(in thousands)JUNE 28, 2026JUNE 29, 2025JUNE 28, 2026JUNE 29, 2025
Total revenues$354,672 $307,887 $685,631 $590,127 
Less:
Food and beverage costs82,593 71,978 156,903 138,625 
Labor and other related expenses115,723 101,310 226,332 198,064 
Other restaurant operating expenses55,557 46,603 107,461 90,862 
Occupancy expenses28,345 24,809 55,755 47,958 
Pre-opening expenses3,315 3,507 6,372 6,167 
Stock-based compensation, net of amounts capitalized 3,697 2,790 7,049 5,049 
General and administrative expenses (1)
35,030 30,395 71,623 58,355 
Depreciation and amortization21,839 18,136 43,235 34,693 
Other segment items (2)
446 1,046 1,775 1,928 
Interest expense4,892 4,003 9,670 7,337 
Other income, net(133)(266)(478)(950)
Income tax expense1,029 1,470 280 762 
Net income (loss)$2,339 $2,106 $(346)$1,277 
(1) General and administrative expenses excludes stock-based compensation, net of amounts capitalized, which is presented separately.
(2) Other segment items included in segment net income (loss) include transaction and restructuring expenses, net and impairments and loss on disposal of assets.