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Equity Method Investment
6 Months Ended
Jun. 29, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investment Equity Method Investment
The Company retained a 33% interest in the franchisee of the Company’s restaurants in Brazil subsequent to the sale, which is accounted for using the equity method of accounting. To ensure timely reporting, the Company records the results of the equity method investment in Brazil on a calendar basis one-month lag.
As of June 29, 2025, the carrying value of the Company’s equity method investment was $61.7 million and is recorded in Equity method investment on its Consolidated Balance Sheet. The Company’s proportionate share of net loss from its equity interest was $1.8 million and $3.1 million for the thirteen and twenty-six weeks ended June 29, 2025, respectively, and is recorded within Loss from equity method investment, net of tax in the Consolidated Statements of Operations and Comprehensive Income (Loss).