XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Note C - Revenues
 3 Months Ended
Jun. 29, 2025
Notes to Financial Statements  
Revenue from Contract with Customer [Text Block]

NOTE C – REVENUES

 

The Company’s disaggregated revenues for the thirteen weeks ended June 29, 2025 and June 30, 2024 are as follows (in thousands):

                        

   

Thirteen weeks ended

  
   

June 29, 2025

   

June 30, 2024

  
                 

Branded Products

   $ 29,075     $ 26,146  

Company-owned restaurants

     3,986       4,199  

License royalties

     12,381       12,921  

Franchise royalties

     1,001       981  

Franchise fees

     128       92  

Advertising fund revenue

     427       428  

Total revenues

   $ 46,998     $ 44,767  

 

The following table disaggregates revenues by primary geographical market (in thousands):

 

   

Thirteen weeks ended

  
   

June 29, 2025

    

June 30, 2024

  
                 

United States

   $ 46,039     $ 43,296  

International

     959       1,471  

Total revenues

   $ 46,998     $ 44,767  

 

Contract balances

 

The following table provides information about contract liabilities from contracts with customers (in thousands):

 

   

June 29, 2025

    

March 30, 2025

  

Deferred franchise fees (a)

   $ 918     $ 1,006  

Deferred revenues, which are included in

                

“Accrued expenses and other current liabilities” (b)

   $ 747     $ 1,392  

 

 

(a)

Deferred franchise fees of $274 and $644 as of June 29, 2025 and $309 and $697 as of March 30, 2025 are included in Deferred franchise fees – current and long term, respectively.
 

(b)

Includes $497 of deferred license royalties and $250 of deferred advertising fund revenue as of June 29, 2025 and $892 of deferred license royalties and $500 of deferred advertising fund revenue as of March 30, 2025.

 

Significant changes in deferred franchise fees are as follows (in thousands):

 

   

Thirteen weeks ended

  
   

June 29, 2025

    

June 30, 2024

  

Deferred franchise fees at beginning of period

   $ 1,006     $ 1,226  

New deferrals due to cash received and other

     40       12  

Revenue recognized during the period

     (128 )     (92 )

Deferred franchise fees at end of period

   $ 918     $ 1,146  

 

Significant changes in deferred revenues are as follows (in thousands):

 

   

Thirteen weeks ended

  
   

June 29, 2025

    

June 30, 2024

  

Deferred revenues at beginning of period

   $ 1,392     $ 1,375  

New deferrals due to cash received and other

     -       -  

Revenue recognized during the period

     (645 )     (652 )

Deferred revenues at end of period

   $ 747     $ 723  

 

Anticipated future recognition of deferred franchise fees

 

The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands):

 

   

Estimate for fiscal year

  

2026 (a)

   $ 225  

2027

     192  

2028

     100  

2029

     71  

2030

     51  

Thereafter

     279  

Total

   $ 918  

 

 

(a)

Represents franchise fees expected to be recognized for the remainder of the 2026 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $128 of franchise fee revenue recognized for the thirteen weeks ended June 29, 2025.

 

We have applied the optional exemption, as provided for under Topic 606 “Revenues from Contracts with Customers,” which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.