PROPERTY AND EQUIPMENT

6 Months Ended

Jun. 29, 2025

Property, Plant and Equipment [Abstract]

Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or estimated useful life. A summary of property and equipment is as follows:


(dollar amounts in thousands)	As of June 29, 2025		As of December 29, 2024
Leasehold improvements	$	317,702	$	303,035
Kitchen equipment	121,055		107,475
Computers and other equipment	47,372		44,295
Furniture and fixtures	45,616		43,045
Assets not yet placed in service	42,119		38,047
Total property and equipment	573,864		535,897
Less: accumulated depreciation	(269,068)		(239,412)
Property and equipment, net	$	304,796	$	296,485

Depreciation expense for the thirteen weeks ended June 29, 2025 and June 30, 2024 was $15.3 million and $14.0 million, respectively.

Depreciation expense for the twenty-six weeks ended June 29, 2025 and June 30, 2024 was $29.7 million and $27.6 million, respectively.

As of June 29, 2025, the Company had 16 facilities under construction due to open during fiscal year 2025. As of December 29, 2024, the Company had 9 facilities under construction, 8 of which opened in fiscal year 2025 to date. Depreciation commences after a store opens and the related assets are placed in service.

For the thirteen and twenty-six weeks ended June 29, 2025, the Company recorded non-cash impairment charges of $3.7 million related to property and equipment within impairment and closure costs, within the condensed consolidated statements of operations. The Company did not record any impairment charges for the thirteen and twenty-six weeks ended June 30, 2024.