v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for Reportable Segments
Financial information for our reportable segments was as follows for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)20262025 20262025
Revenues
Company-operated shops$510,031 $380,500 $939,088 $706,921 
Franchising and other40,820 35,313 76,175 64,044 
Total revenues550,851 415,813 1,015,263 770,965 
Cost of sales
Company-operated shops
Beverage, food & packaging133,108 96,468 245,430 177,847 
Labor costs129,460 101,270 241,765 190,709 
Occupancy & other costs83,085 59,984 159,870 113,911 
Pre-opening costs8,408 4,542 14,749 10,153 
Franchising and other11,909 6,429 24,267 15,204 
Segment cost of sales1
365,970 268,693 686,081 507,824 
Segment contribution
Company-operated shops155,970 118,236 277,274 214,301 
Franchising and other28,911 28,884 51,908 48,840 
Total segment contribution$184,881 $147,120 $329,182 $263,141 
Segment depreciation and amortization(33,825)(27,076)(70,650)(53,104)
Selling, general and administrative(80,651)(65,385)(153,827)(124,306)
Interest expense, net(7,038)(7,076)(14,258)(14,191)
Other income (expense), net861 (1,983)786 (2,001)
Income before income taxes$64,228 $45,600 $91,233 $69,539 
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1    Segment cost of sales for this presentation excludes the impact of depreciation and amortization.