| Revenue from Contract with Customer [Text Block] |
NOTE C – REVENUES
The Company’s disaggregated revenues for the thirteen weeks ended June 28, 2026 and June 29, 2025 are as follows (in thousands):
| |
|
Thirteen weeks ended
|
|
| |
|
June 28, 2026
|
|
|
June 29, 2025
|
|
| |
|
|
|
|
|
|
|
|
|
Branded Products
|
|
$ |
35,039 |
|
|
$ |
29,075 |
|
|
Company-owned restaurants
|
|
|
3,951 |
|
|
|
3,986 |
|
|
License royalties
|
|
|
13,587 |
|
|
|
12,381 |
|
|
Franchise royalties
|
|
|
1,020 |
|
|
|
1,001 |
|
|
Franchise fees
|
|
|
54 |
|
|
|
128 |
|
|
Advertising fund revenue
|
|
|
411 |
|
|
|
427 |
|
|
Total revenues
|
|
$ |
54,062 |
|
|
$ |
46,998 |
|
The following table disaggregates revenues by primary geographical market (in thousands):
| |
|
Thirteen weeks ended
|
|
| |
|
June 28, 2026
|
|
|
June 29, 2025
|
|
| |
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
52,844 |
|
|
$ |
46,039 |
|
|
International
|
|
|
1,218 |
|
|
|
959 |
|
|
Total revenues
|
|
$ |
54,062 |
|
|
$ |
46,998 |
|
Contract balances
The following table provides information about contract liabilities from contracts with customers (in thousands):
| |
|
June 28, 2026
|
|
|
March 29, 2026
|
|
|
Deferred franchise fees (a)
|
|
$ |
675 |
|
|
$ |
701 |
|
|
Deferred revenues, which are included in “Accrued expenses and other current liabilities” (b)
|
|
$ |
608 |
|
|
$ |
1,315 |
|
| |
(a)
|
Deferred franchise fees of $179 and 496 as of June 28, 2026 and $192 and $509 as of March 29, 2026 are included in Deferred franchise fees – current and long term, respectively.
|
| |
(b)
|
Includes $358 of deferred license royalties and $250 of deferred advertising fund revenue as of June 28, 2026 and $815 of deferred license royalties and $500 of deferred advertising fund revenue as of March 29, 2026.
|
Significant changes in deferred franchise fees are as follows (in thousands):
| |
|
Thirteen weeks ended
|
|
| |
|
June 28, 2026
|
|
|
June 29, 2025
|
|
|
Deferred franchise fees at beginning of period
|
|
$ |
701 |
|
|
$ |
1,006 |
|
|
New deferrals due to cash received and other
|
|
|
28 |
|
|
|
40 |
|
|
Revenue recognized during the period
|
|
|
(54 |
) |
|
|
(128 |
) |
|
Deferred franchise fees at end of period
|
|
$ |
675 |
|
|
$ |
918 |
|
Significant changes in deferred revenues are as follows (in thousands):
| |
|
Thirteen weeks ended
|
|
| |
|
June 28, 2026
|
|
|
June 29, 2025
|
|
|
Deferred revenues at beginning of period
|
|
$ |
1,315 |
|
|
$ |
1,392 |
|
|
New deferrals due to cash received and other
|
|
|
- |
|
|
|
- |
|
|
Revenue recognized during the period
|
|
|
(707 |
) |
|
|
(645 |
) |
|
Deferred revenues at end of period
|
|
$ |
608 |
|
|
$ |
747 |
|
Anticipated future recognition of deferred franchise fees
The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands):
| |
|
Estimate for fiscal year
|
|
|
2027(a)
|
|
$ |
151 |
|
|
2028
|
|
|
107 |
|
|
2029
|
|
|
80 |
|
|
2030
|
|
|
61 |
|
|
2031
|
|
|
44 |
|
|
Thereafter
|
|
|
232 |
|
|
Total
|
|
$ |
675 |
|
| |
(a)
|
Represents franchise fees expected to be recognized for the remainder of the 2027 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $54 of franchise fee revenue recognized for the thirteen weeks ended June 28, 2026.
|
We have applied the optional exemption, as provided for under Topic 606 “Revenues from Contracts with Customers,” which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.
|