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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 25, 2023
Jun. 30, 2024
Jun. 25, 2023
Revenue $ 184,641 $ 152,525 $ 342,491 $ 277,587
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 143,122 121,436 272,435 229,561
Operating expenses:        
General and administrative 39,202 40,350 76,067 75,257
Depreciation and amortization 16,737 14,518 33,164 27,628
Pre-opening costs 1,104 2,302 2,536 5,668
Impairment and closure costs 117 157 274 347
Loss on disposal of property and equipment 49 10 115 58
Restructuring charges 494 4,998 999 5,636
Total operating expenses 57,703 62,335 113,155 114,594
Loss from operations (16,184) (31,246) (43,099) (66,568)
Interest income (2,920) (3,251) (5,936) (6,313)
Interest expense 197 18 216 39
Other expense 909 (1,073) 2,968 (15)
Net loss before income taxes (14,370) (26,940) (40,347) (60,279)
Income tax expense 90 318 200 636
Net loss $ (14,460) $ (27,258) $ (40,527) $ (60,915)
Earnings per share:        
Net loss per share basic (in dollars per share) $ (0.13) $ (0.24) $ (0.36) $ (0.55)
Net loss per share diluted (in dollars per share) $ (0.13) $ (0.24) $ (0.36) $ (0.55)
Weighted average shares used in computing net loss per share basic (in shares) 113,580,674 111,585,282 113,238,928 111,441,435
Weighted average shares used in computing net loss per share diluted (in shares) 113,580,674 111,585,282 113,238,928 111,441,435
Food, beverage, and packaging        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 49,883 $ 40,992 $ 93,601 $ 76,579
Labor and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 49,668 43,513 95,434 82,756
Occupancy and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 15,021 13,526 29,469 26,156
Other restaurant operating costs        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 28,550 $ 23,405 $ 53,931 $ 44,070