XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 2,973,117 $ 2,514,801 $ 5,674,966 $ 4,883,381
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Food, beverage and packaging 873,673 738,664 1,652,749 1,431,223
Labor 716,627 611,678 1,376,077 1,195,472
Occupancy 138,663 123,897 274,362 245,828
Other operating costs 384,754 349,707 770,528 712,913
General and administrative expenses 175,028 156,496 379,653 304,836
Depreciation and amortization 83,562 78,771 166,805 155,356
Pre-opening costs 8,995 7,538 16,206 13,736
Impairment, closure costs, and asset disposals 5,762 16,240 11,241 24,601
Total operating expenses 2,387,064 2,082,991 4,647,621 4,083,965
Income from operations 586,053 431,810 1,027,345 799,416
Interest and other income, net 21,861 16,446 41,225 25,395
Income before income taxes 607,914 448,256 1,068,570 824,811
Provision for income taxes 152,243 106,466 253,612 191,377
Net income $ 455,671 $ 341,790 $ 814,958 $ 633,434
Earnings per share:        
Basic (in usd per share) $ 0.33 $ 0.25 $ 0.59 $ 0.46
Diluted (in usd per share) $ 0.33 $ 0.25 $ 0.59 $ 0.46
Weighted-average common shares outstanding:        
Basic (in shares) 1,372,800 1,380,222 1,372,488 1,380,711
Diluted (in shares) 1,381,518 1,387,372 1,381,347 1,388,386
Other comprehensive income/(loss), net of income taxes:        
Foreign currency translation adjustments $ (564) $ 479 $ (1,857) $ 936
Comprehensive income 455,107 342,269 813,101 634,370
Food and beverage revenue        
Total revenue 2,954,913 2,497,509 5,639,361 4,848,518
Delivery service revenue        
Total revenue $ 18,204 $ 17,292 $ 35,605 $ 34,863