Segment Information (Tables)

12 Months Ended

Dec. 29, 2024

Segment Reporting [Abstract]

Financial Information by Operating Segment

The tables below summarize the financial information, including revenues, significant segment expenses, Segment Income and capital expenditures, concerning the Company’s reportable segments for fiscal years 2024, 2023 and 2022. Intersegment revenues are comprised of sales of food, and to a lesser extent, other products, from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based.

	Fiscal year ended December 29, 2024
	U.S. Stores		Supply Chain			International Franchise		Total
U.S. Company-owned stores	$	393,898	$	—		$	—	$	393,898
U.S. franchise royalties and fees		638,193		—			—		638,193
Supply chain		—		2,966,953			—		2,966,953
Supply chain - intersegment revenues		—		(121,172	)		—		(121,172	)
International franchise royalties and fees		—		—			318,691		318,691
U.S. franchise advertising		509,853		—			—		509,853
Segment revenues	$	1,541,944	$	2,845,781		$	318,691	$	4,706,416
Cost of sales - food		114,220		2,027,816			—		2,142,036
Cost of sales - labor		123,251		262,312			—		385,563
Cost of sales - other (1)		78,197		202,694			—		280,891
U.S. franchise advertising		509,853		—			—		509,853
General and administrative (2)		151,030		72,348			58,029		281,407
Segment Income	$	565,393	$	280,611		$	260,662	$	1,106,666
Segment capital expenditures (3)	$	10,959	$	44,653		$	33	$	55,645

	Fiscal year ended December 31, 2023
	U.S. Stores		Supply Chain			International Franchise		Total
U.S. Company-owned stores	$	376,180	$	—		$	—	$	376,180
U.S. franchise royalties and fees		604,897		—			—		604,897
Supply chain		—		2,829,224			—		2,829,224
Supply chain - intersegment revenues		—		(114,215	)		—		(114,215	)
International franchise royalties and fees		—		—			310,077		310,077
U.S. franchise advertising		473,195		—			—		473,195
Segment revenues	$	1,454,272	$	2,715,009		$	310,077	$	4,479,358
Cost of sales - food		109,554		1,964,500			—		2,074,054
Cost of sales - labor		118,798		247,048			—		365,846
Cost of sales - other (1)		75,457		192,794			—		268,251
U.S. franchise advertising		473,195		—			—		473,195
General and administrative (2)		156,291		65,237			50,469		271,997
Segment Income	$	520,977	$	245,430		$	259,608	$	1,026,015
Segment capital expenditures (3)	$	11,942	$	34,044		$	93	$	46,079

	Fiscal year ended January 1, 2023
	U.S. Stores		Supply Chain			International Franchise		Total
U.S. Company-owned stores	$	445,810	$	—		$	—	$	445,810
U.S. franchise royalties and fees		556,269		—			—		556,269
Supply chain		—		2,898,069			—		2,898,069
Supply chain - intersegment revenues		—		(143,327	)		—		(143,327	)
International franchise royalties and fees		—		—			295,007		295,007
U.S. franchise advertising		485,330		—			—		485,330
Segment revenues	$	1,487,409	$	2,754,742		$	295,007	$	4,537,158
Cost of sales - food		139,887		2,046,049			—		2,185,936
Cost of sales - labor		135,993		240,950			—		376,943
Cost of sales - other (1)		88,764		194,919			—		283,683
U.S. franchise advertising		485,330		—			—		485,330
General and administrative (2)		198,831		64,025			58,863		321,719
Segment Income	$	438,604	$	208,799		$	236,144	$	883,547
Segment capital expenditures (3)	$	9,830	$	34,625		$	—	$	44,455

(1)Cost of sales - other, includes delivery, occupancy costs (including rent, telephone and utilities) and insurance expense. Depreciation and amortization is not included in the measurement of Segment Income.

(2)General and administrative expense consists primarily of labor cost (including variable performance-based compensation expense), computer expenses, professional fees, travel and entertainment, rent, insurance and other. Depreciation and amortization, non-cash equity-based compensation expense and gains and losses from the sale of assets are not included in the measurement of Segment Income.

(3)The Company also had $53.7 million, $59.2 million and $44.4 million of other capital expenditures not attributable to the reportable segments primarily representing capitalized software in 2024, 2023 and 2022, respectively.

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

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

	2024			2023			2022
Total Segment Income	$	1,106,666		$	1,026,015		$	883,547
General and administrative - other (1)		(94,995	)		(86,894	)		(26,022	)
Depreciation and amortization		(87,732	)		(80,640	)		(80,251	)
Non-cash equity-based compensation expense		(43,255	)		(37,514	)		(28,709	)
Loss on sale/disposal of assets		(1,527	)		(1,299	)		(1,813	)
Refranchising (loss) gain		(158	)		(149	)		21,173
Income from operations		878,999			819,519			767,925
Other income		22,064			17,713			—
Interest income		17,022			11,683			3,162
Interest expense		(195,870	)		(196,475	)		(198,254	)
Income before provision for income taxes	$	722,215		$	652,440		$	572,833

(1)Represents corporate administrative costs that have not been allocated to a reportable segment including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs.

Identifiable Asset Information

The following table summarizes the Company’s identifiable asset information by reportable segment as of December 29, 2024 and December 31, 2023:

	December 29, 2024		December 31, 2023
U.S. stores	$	240,408	$	232,336
Supply chain		641,523		631,908
International franchise		38,306		37,981
Reportable segment assets		920,237		902,225
Unallocated		816,776		772,674
Total assets	$	1,737,013	$	1,674,899

Goodwill

The following table summarizes the Company’s goodwill balance by reportable segment as of December 29, 2024 and December 31, 2023:

	December 29, 2024		December 31, 2023
U.S. stores	$	10,511	$	10,621
Supply chain		1,067		1,067
Consolidated goodwill	$	11,578	$	11,688