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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 16, 2024
Jun. 18, 2023
Jun. 16, 2024
Jun. 18, 2023
Revenues:        
Revenue $ 1,097,736 $ 1,024,627 $ 2,182,383 $ 2,049,025
Cost of sales:        
Cost of sales 660,705 619,971 1,323,482 1,258,822
Gross margin 437,031 404,656 858,901 790,203
General and administrative 115,947 97,794 216,971 192,983
U.S. franchise advertising 124,956 111,459 235,256 224,185
Refranchising loss 25 0 158 149
Income from operations 196,103 195,403 406,516 372,886
Other income (expense) 11,398 (14,964) (7,301) (14,964)
Interest income 4,219 2,537 7,958 4,928
Interest expense (44,721) (44,932) (90,567) (91,479)
Income before provision for income taxes 166,999 138,044 316,606 271,371
Provision for income taxes 25,021 28,664 48,804 57,221
Net income $ 141,978 $ 109,380 $ 267,802 $ 214,150
Earnings per share:        
Common stock - basic $ 4.07 $ 3.11 $ 7.68 $ 6.07
Common stock - diluted $ 4.03 $ 3.08 $ 7.61 $ 6.02
U.S. Stores [Member] | U.S. Company-owned stores [Member]        
Revenues:        
Revenue $ 92,264 $ 87,694 $ 184,913 $ 172,605
Cost of sales:        
Cost of sales 76,059 71,423 152,517 141,995
U.S. Stores [Member] | U.S. franchise stores [Member]        
Revenues:        
Revenue 147,576 139,268 298,094 272,132
U.S. Stores [Member] | U.S. franchise advertising [Member]        
Revenues:        
Revenue 124,956 111,459 235,256 224,185
Supply Chain [Member] | Supply Chain Center [Member]        
Revenues:        
Revenue 659,244 615,711 1,318,458 1,239,937
Cost of sales:        
Cost of sales 584,646 548,548 1,170,965 1,116,827
International Franchise [Member] | International franchise royalties and fees [Member]        
Revenues:        
Revenue $ 73,696 $ 70,495 $ 145,662 $ 140,166