| Revenues The following table disaggregates our franchise revenues by major type: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | | Franchise Revenues | | (In millions) | | | | | | | | | | | Royalties | | $ | 77.0 | | | $ | 82.1 | | | $ | 152.2 | | | $ | 158.4 | | | Advertising fees | | 71.9 | | | 73.5 | | | 143.0 | | | 144.0 | | | Proprietary product sales and other | | 16.0 | | | 16.4 | | | 32.2 | | | 33.4 | | | Franchise and development fees | | 2.0 | | | 2.7 | | | 4.5 | | | 5.1 | | | Total franchise revenues | | $ | 166.9 | | | $ | 174.7 | | | $ | 331.9 | | | $ | 340.9 | |
Changes in the Company's contract liability for deferred franchise and development fees during the six months ended June 28, 2026 were as follows: | | | | | | | | | | | Deferred Franchise Revenue | | | (In millions) | Balance at December 28, 2025 | | $ | 39.8 | | Recognized during the six months ended June 28, 2026 | | (4.3) | | Deferred during the six months ended June 28, 2026 | | 1.9 | | Balance at June 28, 2026 | | $ | 37.4 | |
The balance of deferred franchise revenue as of June 28, 2026 is expected to be recognized as follows: | | | | | | | | | | Fiscal Years | | (In millions) | 2026 (remaining six months) | | $ | 2.7 | | | 2027 | | 4.7 | | | 2028 | | 3.8 | | | 2029 | | 3.3 | | | 2030 | | 3.0 | | | Thereafter | | 19.9 | | | Total | | $ | 37.4 | |
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