XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 10, 2022
Jul. 04, 2021
Jul. 10, 2022
Jul. 04, 2021
Revenues: $ 398,305 $ 269,458 $ 1,065,310 $ 865,216
Operating costs and expenses, net:        
Food and packaging 65,755 27,061 150,163 83,376
Payroll and employee benefits 71,366 27,356 162,001 88,727
Occupancy and other 42,054 14,103 92,102 45,287
Franchise occupancy expenses 50,971 48,824 164,198 162,897
Selling, general and administrative expenses 40,086 21,796 93,904 61,156
Depreciation and amortization 16,713 10,389 40,754 35,656
Other operating expenses, net 4,129 922 22,339 1,698
Gains on the sale of company-operated restaurants (802) (264) (1,660) (3,079)
Total operating costs and expenses 346,438 202,077 901,459 644,021
Earnings from operations 51,867 67,381 163,851 221,195
Other pension and post-retirement expenses, net 70 204 233 678
Interest expense, net 19,703 15,158 66,371 51,120
Earnings before income taxes 32,094 52,019 97,247 169,397
Income taxes 9,237 11,991 27,324 42,576
Net earnings $ 22,857 $ 40,028 $ 69,923 $ 126,821
Earnings per share:        
Basic (in USD per share) $ 1.08 $ 1.80 $ 3.29 $ 5.59
Diluted (in USD per share) 1.08 1.79 3.29 5.57
Cash dividends declared per common share (in USD per share) $ 0.44 $ 0.44 $ 1.32 $ 1.24
Company restaurant sales        
Revenues: $ 215,231 $ 91,892 $ 486,596 $ 292,132
Franchise rental revenues        
Revenues: 80,068 80,598 259,723 262,248
Operating costs and expenses, net:        
Franchise support and other costs 3,768 2,722 12,694 9,336
Franchise advertising and other services expenses 52,398 49,168 164,964 158,967
Franchise royalties and other        
Revenues: 52,059 48,582 159,915 155,461
Franchise contributions for advertising and other services        
Revenues: $ 50,947 $ 48,386 $ 159,076 $ 155,375