v3.26.3
Segment Reporting:
9 Months Ended
Sep. 26, 2026
Segment Reporting:  
Segment Reporting:

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12. Segment Reporting:

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The Company currently has one reportable operating segment, franchising. The franchising segment franchises value-oriented retail store concepts that buy, sell and trade merchandise. During 2026, the Company had no other operating segment, and all revenues and expenses were included in the franchising segment. Comparative 2025 information for the former non-reportable operating segment reflects the Company’s equipment leasing business, for which the run-off was completed as of December 27, 2025. Segment reporting is intended to give financial statement users a better view of how the Company manages and evaluates its business. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The Company’s CODM primarily reviews revenue and income from operations for purposes of allocating resources and evaluating financial performance. Expenses are reviewed on a consolidated basis. The Company’s internal management reporting is the basis for the information disclosed for its operating segment. The following tables summarize financial information by segment and provide a reconciliation of segment contribution to income from operations: 

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Three Months Ended

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Nine Months Ended

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September 26, 2026

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September 27, 2025

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September 26, 2026

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September 27, 2025

Revenue:

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Franchising

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$

27,890,500

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$

22,586,300

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$

70,706,200

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$

62,568,300

Former other operating segment

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—

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46,600

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—

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2,401,100

Total revenue

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$

27,890,500

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$

22,632,900

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$

70,706,200

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$

64,969,400

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Franchising segment operating expenses:

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North American advertising fund expense

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3,825,300

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—

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3,825,300

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Merchandise COGS

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$

947,300

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$

663,300

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$

2,384,200

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$

2,318,100

Selling, general and administrative expenses

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7,332,100

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7,042,700

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22,708,200

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20,979,000

Total franchising segment expenses

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$

12,104,700

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$

7,706,000

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$

28,917,700

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$

23,297,100

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Reconciliation to operating income:

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Franchising segment income from operations

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$

15,785,800

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$

14,880,300

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$

41,788,500

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$

39,271,200

Former other operating segment income from operations

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—

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42,900

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—

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2,309,600

Total income from operations

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$

15,785,800

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$

14,923,200

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$

41,788,500

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$

41,580,800

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Depreciation and amortization:

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Franchising

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$

211,600

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$

187,700

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$

546,800

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$

561,000

Other

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—

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—

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Total depreciation and amortization

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$

211,600

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$

187,700

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$

546,800

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$

561,000

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