Segment Information (Tables)

8 Months Ended

Sep. 10, 2023

Segment Reporting [Abstract]

Financial Information by Operating Segment

The following tables summarize revenues and earnings before interest, taxes, depreciation, amortization and other, which is the measure by which the Company allocates resources to its segments and which the Company refers to as Segment Income, for each of its reportable segments. Intersegment revenues are comprised of sales of food, equipment and supplies from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based. The “Other” column as it relates to Segment Income below primarily includes corporate administrative costs that are not allocable to a reportable segment, including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs.

	Fiscal Quarters Ended September 10, 2023 and September 11, 2022
	U.S.		Supply		International		Intersegment
	Stores		Chain		Franchise		Revenues			Other			Total
Revenues
2023	$	336,133	$	643,728	$	73,142	$	(25,642	)	$	—		$	1,027,361
2022		355,459		683,267		67,055		(37,185	)		—			1,068,596
Segment Income
2023	$	120,351	$	55,250	$	61,495	N/A			$	(19,809	)	$	217,287
2022		100,529		49,892		53,762	N/A				(2,919	)		201,264

	Three Fiscal Quarters Ended September 10, 2023 and September 11, 2022
	U.S.		Supply		International		Intersegment
	Stores		Chain		Franchise		Revenues			Other			Total
Revenues
2023	$	1,005,055	$	1,935,332	$	213,308	$	(77,309	)	$	—		$	3,076,386
2022		1,039,909		2,008,526		202,803		(106,311	)		—			3,144,927
Segment Income
2023	$	356,626	$	163,791	$	178,499	N/A			$	(54,396	)	$	644,520
2022		301,876		149,874		161,698	N/A				(16,250	)		597,198

In the first quarter of 2023, the Company changed its allocation methodology for certain costs which support certain internally

Reconciliation of Total Segment Income to Consolidated Income Before Provision for Income Taxes

The following table reconciles total Segment Income to consolidated income before provision for income taxes.

	Fiscal Quarter Ended						Three Fiscal Quarters Ended
	September 10,			September 11,			September 10,			September 11,
	2023			2022			2023			2022
Total Segment Income	$	217,287		$	201,264		$	644,520		$	597,198
Depreciation and amortization		(18,268	)		(18,933	)		(54,999	)		(56,026	)
Refranchising loss		—			—			(149	)		—
Loss on sale/disposal of assets		(145	)		(27	)		(547	)		(475	)
Non-cash equity-based compensation expense		(9,442	)		(5,852	)		(26,507	)		(21,590	)
Income from operations		189,432			176,452			562,318			519,107
Other income		28,231			—			13,267			—
Interest income		2,707			833			7,635			1,101
Interest expense		(44,796	)		(45,437	)		(136,275	)		(137,160	)
Income before provision for income taxes	$	175,574		$	131,848		$	446,945		$	383,048