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Segment Reporting (Tables) | 3 Months Ended
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Mar. 29, 2026
Segment Reporting |
Schedule of segment information | ​ Certain financial information relating to the three periods ended March 29, 2026 and March 30, 2025 for each segment is provided below (in thousands). ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | STK | ​ ​ ​ | Benihana | ​ ​ ​ | Grill Concepts | ​ ​ ​ | Other(1) | ​ ​ ​ | Total
For the three periods ended March 29, 2026 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owned restaurant net revenue |  | $ | 60,968 | ​ | $ | 120,224 | ​ | $ | 27,937 | ​ | $ | 163 | ​ | $ | 209,292
Owned restaurant cost of sales | ​ | ​ | (13,709) | ​ | ​ | (20,940) | ​ | ​ | (5,863) | ​ | ​ | (22) | ​ | ​ | (40,534)
Owned restaurant operating expenses | ​ | ​ | (34,286) | ​ | ​ | (73,897) | ​ | ​ | (20,670) | ​ | ​ | (183) | ​ | ​ | (129,036)
Restaurant operating profit | ​ | ​ | 12,973 | ​ | ​ | 25,387 | ​ | ​ | 1,404 | ​ | ​ | (42) | ​ | ​ | 39,722
Management, license, franchise and incentive fee revenue | ​ | ​ | 2,997 | ​ | ​ | 435 | ​ | ​ | — | ​ | ​ | 92 | ​ | ​ | 3,524
General and administrative (including stock-based compensation of $1,134) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (15,022)
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10,405)
Lease termination and restaurant closure expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,965)
Pre-opening expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,471)
Transition and integration expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (466)
Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (20)
Interest expense, net of interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,746)
Loss before benefit for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 4,151
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of total revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owned restaurant net revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 209,292
Management, license, franchise, and incentive fee revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,524
Total revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 212,816
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | STK | ​ ​ ​ | Benihana | ​ ​ ​ | Grill Concepts | ​ ​ ​ | Other(1) | ​ ​ ​ | Total
For the three periods ended March 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owned restaurant net revenue | ​ | $ | 54,866 | ​ | $ | 115,341 | ​ | $ | 37,086 | ​ | $ | 105 | ​ | $ | 207,398
Owned restaurant cost of sales | ​ | ​ | (13,109) | ​ | ​ | (22,096) | ​ | ​ | (7,912) | ​ | ​ | (3) | ​ | ​ | (43,120)
Owned restaurant operating expenses | ​ | ​ | (31,621) | ​ | ​ | (70,359) | ​ | ​ | (26,749) | ​ | ​ | (46) | ​ | ​ | (128,775)
Restaurant operating profit | ​ | ​ | 10,136 | ​ | ​ | 22,886 | ​ | ​ | 2,425 | ​ | ​ | 56 | ​ | ​ | 35,503
Management, license, franchise and incentive fee revenue | ​ | ​ | 3,193 | ​ | ​ | 469 | ​ | ​ | — | ​ | ​ | 69 | ​ | ​ | 3,731
General and administrative (including stock-based compensation of $1,632) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (13,091)
Depreciation and amortization | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,829)
Lease termination and restaurant closure expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (71)
Pre-opening expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1,681)
Transition and integration expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (3,719)
Transaction costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (69)
Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (45)
Interest expense, net of interest income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,822)
Loss before benefit for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 907
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of total revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Owned restaurant net revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 207,398
Management, license, franchise and incentive fee revenue | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 3,731
Total revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 211,129
(1) | Other, which is not a reportable operating segment, includes sales and expenses that relate to STK Meat Market, an e-commerce platform that offers signature steak cuts nationwide, the Company’s major off-site events group, which supports all brands and venue concepts, and revenue generated from gift card programs.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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