Segment Information

3 Months Ended

Mar. 24, 2024

Segment Reporting [Abstract]

Segment Information

2. Segment Information

The tables below summarize the financial information concerning the Company’s reportable segments for the first quarters of 2024 and 2023. 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 March 24, 2024 and March 26, 2023
	U.S.		Supply		International		Intersegment
	Stores		Chain		Franchise		Revenues			Other			Total
Revenues
2024	$	353,467	$	686,642	$	71,966	$	(27,428	)	$	—		$	1,084,647
2023		330,501		650,124		69,671		(25,898	)		—			1,024,398
Segment Income
2024	$	136,108	$	64,576	$	59,332	N/A			$	(18,173	)	$	241,843
2023		112,683		48,515		58,139	N/A				(15,722	)		203,615

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

	Fiscal Quarter Ended
	March 24,			March 26,
	2024			2023
Total Segment Income	$	241,843		$	203,615
Depreciation and amortization		(19,869	)		(18,170	)
Refranchising loss		(133	)		(149	)
Loss on sale/disposal of assets		(90	)		(275	)
Non-cash equity-based compensation expense		(11,338	)		(7,538	)
Income from operations		210,413			177,483
Other expense		(18,699	)		—
Interest income		3,739			2,391
Interest expense		(45,846	)		(46,547	)
Income before provision for income taxes	$	149,607		$	133,327