v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company uses the management approach for determining its reportable segments. The management approach is based upon the way that management reviews performance and allocates resources.
The Company’s chief operating decision-maker (the “CODM”) is its CEO. The Company has one operating and one reportable segment, as the CODM allocates resources and regularly reviews operations and financial performance at a consolidated level. The CODM uses consolidated net income to allocate resources for the single segment to make decisions regarding annual budget, new store openings, marketing decisions and driving the Company’s mission. The measure of the single reportable segment’s assets is reported as Total assets on the condensed consolidated balance sheets.
No changes have been made to the Company’s segment during the three and six months ended June 30, 2026. In addition, no customer represented 10% or more of total revenue for the three or six months ended June 30, 2026 and 2025.
Financial information for the Company’s reportable segment is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Segment revenue$62,999 $50,394 $118,453 $95,214 
Less:
Beverage, food and packaging costs16,968 14,673 31,981 27,355 
Labor and related expenses13,235 10,384 24,710 19,803 
Occupancy and related expenses5,069 3,859 9,794 7,607 
Other store operating expenses(1)
8,636 6,565 16,418 12,804 
Selling, general and administrative expenses9,805 7,860 19,047 14,740 
Depreciation and amortization3,932 2,943 7,385 5,826 
Pre-opening costs1,252 843 2,340 1,561 
Interest expense, net525 3,115 947 6,157 
Other expense (income), net258 1,069 610 1,084 
Income tax expense101 144 204 222 
Segment income (loss)3,218 (1,061)5,017 (1,945)
Reconciliation of profit or loss
Adjustments and reconciling items— — — — 
Consolidated net income (loss)$3,218 $(1,061)$5,017 $(1,945)
(1)Other store operating expenses consists of credit card fees, repairs and maintenance, utilities, software subscriptions, property taxes, and other operating expenses, incidental to operating the Company’s stores, such as store supplies, insurance, business permits, and travel expense.