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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Jun. 28, 2025
Jun. 29, 2024
Revenue:        
Total revenue $ 174,329 $ 155,699 $ 345,423 $ 301,488
Costs and expenses:        
Cost of sales [1] 24,405 22,673 47,240 43,944
Advertising expenses 65,533 58,548 131,328 111,740
Selling, general and administrative 32,937 28,097 64,377 53,275
Depreciation and amortization 6,220 5,161 12,448 8,571
Loss on disposal of assets 0 0 6,535 0
Total costs and expenses 129,095 114,479 261,928 217,530
Operating income 45,234 41,220 83,495 83,958
Interest expense, net 8,469 5,200 17,379 9,744
Investment income, net 0 (471) (93,839) (774)
Income before income tax expense 36,765 36,491 159,955 74,988
Income tax expense 10,002 9,006 40,927 18,756
Net income $ 26,763 $ 27,485 $ 119,028 $ 56,232
Earnings per share        
Basic (in USD per share) $ 0.96 $ 0.94 $ 4.23 $ 1.92
Diluted (in USD per share) $ 0.96 $ 0.93 $ 4.21 $ 1.91
Other comprehensive income (loss)        
Currency translation adjustment $ 4,731 $ (12) $ 7,990 $ (36)
Other comprehensive income (loss) 4,731 (12) 7,990 (36)
Comprehensive income 31,494 27,473 127,018 56,196
Royalty revenue, franchise fees and other        
Revenue:        
Total revenue 79,889 71,160 158,664 138,257
Advertising fees        
Revenue:        
Total revenue 61,962 54,654 124,234 104,803
Company-owned restaurant sales        
Revenue:        
Total revenue $ 32,478 $ 29,885 $ 62,525 $ 58,428
[1] Cost of sales includes all operating expenses of company-owned restaurants, including advertising expenses, and excludes depreciation and amortization, which are presented separately.