PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 29, 2026

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

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 March 29, 2026		As of December 28, 2025
Leasehold improvements	$	354,083	$	347,023
Kitchen equipment	139,372		136,136
Furniture and fixtures	51,532		50,072
Computers and other equipment	50,869		49,541
Assets not yet placed in service	28,359		36,691
Total property and equipment	624,215		619,463
Less: accumulated depreciation	(305,891)		(292,560)
Property and equipment, net	$	318,324	$	326,903

Depreciation expense for the thirteen weeks ended March 29, 2026 and March 30, 2025 was $16.9 million and $14.4 million, respectively.

As of March 29, 2026, the Company had six facilities under construction expected to open during fiscal year 2026. As of December 28, 2025, the Company had 11 facilities under construction, six of which opened in fiscal year 2026 to date. Depreciation commences after a store opens and the related assets are placed in service.