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Segment Information
3 Months Ended
Mar. 29, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Management determined the Company’s single operating segment on the basis that the Company’s Chief Operating Decision Maker (the “CODM”), the Chief Executive Officer, assesses performance and allocates resources at the Company’s consolidated level. The Company’s CODM uses consolidated net income (loss) to evaluate performance and make key operating decisions, such as investments in our long-term growth strategy. This measure is also used to monitor budget against actual results.
Revenue is derived from sales of food and beverage, net of discounts, by our restaurants as well as franchise royalty, system fund and initial franchise fees. The measure of total assets for the reporting segment is reported on the consolidated balance sheets as total assets. The measure of capital expenditures for the reporting segment is reported on the consolidated statements of cash flows as total capital expenditures.
The following table details consolidated net loss for the segment for the periods indicated:
THIRTEEN WEEKS ENDED
(in thousands)MARCH 29, 2026MARCH 30, 2025
Total revenues$330,959 $282,240 
Less:
Food and beverage costs74,310 66,647 
Labor and other related expenses110,609 96,754 
Other restaurant operating expenses51,904 44,259 
Occupancy expenses27,410 23,149 
Pre-opening expenses3,057 2,660 
Stock-based compensation, net of amounts capitalized 3,352 2,259 
General and administrative expenses (1)
36,593 27,960 
Depreciation and amortization21,396 16,557 
Other segment items (2)
1,329 882 
Interest expense4,778 3,334 
Other income, net(345)(684)
Income tax benefit(749)(708)
Net loss$(2,685)$(829)
(1) General and administrative expenses excludes stock-based compensation, net of amounts capitalized, which is presented separately.
(2) Other segment items included in segment net loss include transaction and restructuring expenses, net and impairments and loss on disposal of assets.