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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenue $ 2,793,576 $ 2,471,948 $ 8,468,543 $ 7,355,329
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Food, beverage and packaging 855,515 734,186 2,508,264 2,165,409
Labor 696,847 616,282 2,072,924 1,811,754
Occupancy 142,570 126,269 416,932 372,097
Other operating costs 386,463 345,368 1,156,992 1,058,281
General and administrative expenses 126,614 159,501 506,267 464,337
Depreciation and amortization 84,349 78,546 251,154 233,902
Pre-opening costs 12,786 9,605 28,992 23,341
Impairment, closure costs, and asset disposals 15,176 7,241 26,417 31,842
Total operating expenses 2,320,320 2,076,998 6,967,942 6,160,963
Income from operations 473,256 394,950 1,500,601 1,194,366
Interest and other income, net 29,307 18,392 70,532 43,787
Income before income taxes 502,563 413,342 1,571,133 1,238,153
Provision for income taxes 115,175 100,125 368,787 291,502
Net income $ 387,388 $ 313,217 $ 1,202,346 $ 946,651
Earnings per share:        
Basic (in usd per share) $ 0.28 $ 0.23 $ 0.88 $ 0.69
Diluted (in usd per share) $ 0.28 $ 0.23 $ 0.87 $ 0.68
Weighted-average common shares outstanding:        
Basic (in shares) 1,367,038 1,377,525 1,370,671 1,379,640
Diluted (in shares) 1,374,605 1,384,062 1,379,099 1,386,934
Other comprehensive income/(loss), net of income taxes:        
Foreign currency translation adjustments $ 1,074 $ (1,128) $ (783) $ (192)
Comprehensive income 388,462 312,089 1,201,563 946,459
Food and beverage revenue        
Total revenue 2,778,034 2,456,039 8,417,396 7,304,557
Delivery service revenue        
Total revenue $ 15,542 $ 15,909 $ 51,147 $ 50,772