v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2026
Jun. 29, 2025
Jun. 28, 2026
Jun. 29, 2025
Revenues:        
Revenues $ 570,571 $ 560,929 $ 1,111,208 $ 1,084,401
Costs and expenses:        
Cost of sales 207,275 196,521 408,324 384,690
Franchise support and other costs 22,566 17,069 44,557 33,665
Franchise rental expense 28,039 32,630 58,215 63,331
Advertising funds expense 127,879 111,374 236,494 212,902
General and Administrative Expense 66,161 59,485 139,004 127,689
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 38,061 36,990 78,636 73,539
Amortization of cloud computing arrangements 4,577 4,056 9,339 8,223
System optimization gains, net (667) (387) (2,292) (297)
Reorganization and realignment costs 10 174 (152) (518)
Impairment of long-lived assets 3,120 1,686 5,692 3,107
Other operating income, net (5,734) (2,929) (10,814) (9,316)
Costs and expenses 491,287 456,669 967,003 897,015
Operating profit 79,284 104,260 144,205 187,386
Interest expense, net (33,850) (30,945) (67,956) (62,422)
Investment loss, net 0 0 0 (1,718)
Other income, net 3,133 2,585 6,483 7,571
Income before income taxes 48,567 75,900 82,732 130,817
Provision for income taxes (15,951) (20,790) (27,404) (36,475)
Net income $ 32,616 $ 55,110 $ 55,328 $ 94,342
Net income per share:        
Basic $ 0.17 $ 0.29 $ 0.29 $ 0.48
Diluted $ 0.17 $ 0.29 $ 0.29 $ 0.48
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 240,016 $ 232,853 $ 465,513 $ 452,363
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 149,771 156,300 297,666 301,448
Franchise rental income        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 53,363 60,411 112,267 118,865
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 127,421 $ 111,365 $ 235,762 $ 211,725