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Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 5 Months Ended 6 Months Ended
Oct. 13, 2024
Oct. 15, 2023
Oct. 15, 2023
Oct. 13, 2024
Total revenue $ 26,482 $ 24,623 $ 50,364 $ 57,077
Store labor and benefits 10,308 9,337 18,634 21,966
Store occupancy costs, excluding depreciation 4,932 4,583 5,590 11,487
Other store operating expenses, excluding depreciation 5,283 5,134 9,556 10,714
General and administrative expenses 5,080 3,774 7,302 10,584
Depreciation expense 2,547 1,697 3,341 5,065
Pre-opening expenses 1,568 3,026 5,304 2,574
Operating loss (7,874) (7,206) (8,078) (15,486)
Interest expense, net (4,898) (1,908) (3,601) (9,892)
Gain on change in fair value of warrant liabilities and other 3,573 1,759 1,350 6,248
Other expense (48) 0 0 (48)
Loss before income taxes (9,247) (7,355) (10,329) (19,178)
Income tax expense 63 (72) 0 138
Net loss (9,310) (7,283) (10,329) (19,316)
Less: Cumulative unpaid dividends and change in redemption amount of redeemable convertible preferred stock 0 (394) (1,951) 0
Net loss attributable to common stockholders (9,310) (7,677) (12,280) (19,316)
Net loss attributable to common stockholders $ (9,310) $ (7,677) $ (12,280) $ (19,316)
Basic loss per share (in dollars per share) $ (0.22) $ (0.64) $ (1.02) $ (0.45)
Diluted loss per share (in dollars per share) $ (0.22) $ (0.64) $ (1.02) $ (0.45)
Weighted average common shares outstanding, basic (in shares) 43,099,877 12,066,454 12,094,424 42,905,215
Weighted average common shares outstanding, diluted (in shares) 43,099,877 12,066,454 12,094,424 42,905,215
Food and beverage revenues        
Total revenue $ 21,108 $ 19,435 $ 39,952 $ 44,927
Cost of food and beverage 4,638 4,278 8,715 10,173
Recreation revenues        
Total revenue $ 5,374 $ 5,188 $ 10,412 $ 12,150