v3.26.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Revenues:        
Rental revenues $ 26.7 $ 27.9 $ 53.5 $ 54.8
Total revenues 240.9 230.8 466.1 445.5
Cost of revenues:        
Total franchise expenses (80.7) (86.4) (163.1) (167.6)
Company-owned restaurant expenses (49.1) (30.9) (84.0) (52.9)
Rental expenses (19.9) (21.3) (40.5) (42.5)
Total cost of revenues (149.7) (138.6) (287.6) (263.0)
Gross profit 91.2 92.2 178.5 182.5
General and administrative expenses (55.6) (50.8) (108.7) (102.1)
Interest expense, net (22.0) (17.7) (43.8) (35.5)
Closure and impairment charges (4.0) (1.2) (4.8) (7.0)
Amortization of intangible assets (3.9) (2.7) (7.6) (5.4)
Loss on extinguishment of debt 0.0 (0.9) 0.0 (0.9)
Gain on disposition of assets 0.3 0.0 2.5 0.1
Income before income taxes 6.0 18.9 16.1 31.7
Income tax provision (1.7) (5.1) (4.4) (9.7)
Net income 4.3 13.8 11.7 22.0
Net income available to common stockholders:        
Net income 4.3 13.8 11.7 22.0
Less: Net income allocated to unvested restricted stock (0.1) (0.6) (0.3) (0.9)
Net income available to common stockholders, basic 4.2 13.2 11.4 21.1
Net income available to common stockholders, diluted $ 4.2 $ 13.2 $ 11.4 $ 21.1
Net income available to common stockholders per share:        
Basic (in dollars per share) $ 0.35 $ 0.89 $ 0.94 $ 1.41
Diluted (in dollars per share) $ 0.35 $ 0.89 $ 0.92 $ 1.41
Weighted average shares outstanding:        
Basic (in shares) 12.0 14.9 12.1 14.9
Diluted (in shares) 12.1 14.9 12.4 14.9
Other comprehensive income, net of tax:        
Foreign currency translation adjustment $ 0.0 $ 0.0 $ 0.0 $ 0.0
Total comprehensive income 4.3 13.8 11.7 22.0
Franchise Revenues        
Revenues:        
Revenue from contract with customer 166.9 174.7 331.9 340.9
Royalties, franchise fees and other        
Revenues:        
Revenue from contract with customer 95.0 101.2 188.9 196.9
Advertising revenues        
Revenues:        
Revenue from contract with customer 71.9 73.5 143.0 144.0
Company-owned restaurant revenues        
Revenues:        
Revenue from contract with customer 47.3 28.2 80.7 49.8
Advertising expenses        
Revenues:        
Revenue from contract with customer 71.9 73.5 143.0 144.0
Cost of revenues:        
Total franchise expenses (71.9) (73.5) (143.0) (144.0)
Other franchise expenses        
Cost of revenues:        
Total franchise expenses $ (8.8) $ (12.9) $ (20.1) $ (23.6)