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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Revenue    
Total revenue $ 592,652 $ 480,457
Costs and expenses    
General and administrative expense 128,564 93,117
Cost of restaurant and factory revenues 393,131 282,887
Depreciation and amortization 41,528 31,131
Impairment of goodwill and other intangible assets 30,600 500
Refranchising loss 1,949 2,873
Advertising fees 49,100 47,619
Total costs and expenses 644,872 458,127
(Loss) income from operations (52,220) 22,330
Other (expense) income, net    
Interest expense (120,580) (99,342)
Interest expense related to preferred shares (17,670) (18,189)
Net loss on extinguishment of debt (1,798) (2,397)
Other (expense) income, net (332) 1,233
Total other expense, net (140,380) (118,695)
Loss before income tax benefit (192,600) (96,365)
Income tax benefit (2,753) (6,255)
Net loss (189,847) (90,110)
Dividends on preferred shares (7,779) (7,007)
Net loss available to common stockholders, basic (197,626) (97,117)
Net loss available to common stockholders, diluted $ (197,626) $ (97,117)
Basic loss per common share (in dollars per share) $ (11.60) $ (5.85)
Diluted loss per common share (in dollars per share) $ (11.60) $ (5.85)
Basic weighted average shares outstanding (in shares) 17,041,888 16,599,015
Diluted weighted average shares outstanding (in shares) 17,041,888 16,599,015
Cash dividends declared per common share (in dollars per share) $ 0.56 $ 0.56
Royalties    
Revenue    
Total revenue $ 90,035 $ 94,036
Restaurant sales    
Revenue    
Total revenue 413,480 299,029
Advertising fees    
Revenue    
Total revenue 39,473 39,490
Factory revenues    
Revenue    
Total revenue 37,949 37,983
Franchise fees    
Revenue    
Total revenue 6,487 4,979
Other revenue    
Revenue    
Total revenue $ 5,228 $ 4,940