v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Revenue $ 192,662 $ 185,583 $ 354,183 $ 351,887
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 167,485 150,458 312,805 287,075
Operating expenses:        
General and administrative 29,713 34,505 58,980 72,842
Depreciation and amortization 18,757 17,996 37,386 35,102
Pre-opening costs 1,107 2,534 2,218 4,230
Impairment and closure costs 2,155 5,336 2,791 5,430
Loss on disposal of property and equipment 339 31 738 117
Restructuring charges 516 1,146 1,021 2,051
Total operating expenses 52,587 61,548 103,134 119,772
Loss from operations (27,410) (26,423) (61,756) (54,960)
Interest income (1,216) (1,725) (2,622) (3,628)
Interest expense 62 5 90 5
Gain on disposal of business 0 0 (160,562) 0
Other expense (income) 2 (1,635) 9 (3,320)
Net income (loss) before income taxes (26,258) (23,068) 101,329 (48,017)
Income tax expense 12 90 1,790 180
Net income (loss) $ (26,270) $ (23,158) $ 99,539 $ (48,197)
Earnings (loss) per share:        
Net loss per share basic (in dollars per share) $ (0.22) $ (0.20) $ 0.84 $ (0.41)
Net loss per share diluted (in dollars per share) $ (0.22) $ (0.20) $ 0.82 $ (0.41)
Weighted average shares used in computing net loss per share basic (in shares) 118,898,524 117,827,054 118,803,299 117,566,164
Weighted average shares used in computing net loss per share diluted (in shares) 118,898,524 117,827,054 120,774,680 117,566,164
Food, beverage, and packaging        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 57,407 $ 51,444 $ 104,260 $ 95,436
Labor and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 56,313 51,044 107,074 99,115
Occupancy and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 18,117 16,438 35,884 32,112
Other restaurant operating costs        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 35,648 $ 31,532 $ 65,587 $ 60,412