v3.26.3
Revenue Disclosures
 8 Months Ended
Sep. 06, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Disclosures

7. Revenue Disclosures

 

Contract Liabilities

 

Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Deferred franchise fees and deferred development fees of $4.5 million and $4.8 million were included in current other accrued liabilities as of September 6, 2026 and December 28, 2025, respectively. Deferred franchise fees and deferred development fees of $13.0 million and $12.5 million were included in long-term other accrued liabilities as of September 6, 2026 and December 28, 2025, respectively.

 

Changes in deferred franchise fees and deferred development fees for the three fiscal quarters of 2026 and 2025 were as follows:

 

 

 

Three Fiscal Quarters Ended

 

 

 

September 6,

 

 

September 7,

 

 

 

2026

 

 

2025

 

Deferred franchise fees and deferred development fees, beginning of period

 

$

17,318

 

 

$

20,946

 

Revenue recognized during the period

 

 

(4,565

)

 

 

(4,316

)

New deferrals due to cash received and other

 

 

4,752

 

 

 

3,297

 

Deferred franchise fees and deferred development fees, end of period

 

$

17,505

 

 

$

19,927

 

Advertising Fund Assets

 

As of September 6, 2026, advertising fund assets, restricted of $98.0 million consisted of $71.4 million of cash and cash equivalents, $19.0 million of accounts receivable and $7.6 million of prepaid expenses. As of September 6, 2026, advertising fund cash and cash equivalents included $1.4 million of cash contributed from U.S. Company-owned stores that had not yet been expended.

 

As of December 28, 2025, advertising fund assets, restricted of $117.5 million consisted of $92.2 million of cash and cash equivalents, $18.4 million of accounts receivable and $6.9 million of prepaid expenses. As of December 28, 2025, advertising fund cash and cash equivalents included $2.1 million of cash contributed from U.S. Company-owned stores that had not yet been expended.