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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenues:        
Revenues $ 560,929 $ 570,727 $ 1,084,401 $ 1,105,480
Costs and expenses:        
Cost of sales 196,521 199,886 384,690 391,999
Franchise support and other costs 17,069 16,222 33,665 30,964
Franchise rental expense 32,630 32,390 63,331 64,168
Advertising funds expense 111,374 120,817 212,902 228,191
General and administrative 59,485 61,496 127,689 125,253
Depreciation and amortization (exclusive of amortization of cloud computing arrangements shown separately below) 36,990 37,492 73,539 73,010
Amortization of cloud computing arrangements 4,056 3,519 8,223 7,061
System optimization gains, net (387) (280) (297) (153)
Reorganization and realignment costs 174 2,452 (518) 8,125
Impairment of long-lived assets 1,686 689 3,107 2,695
Other operating income, net (2,929) (3,463) (9,316) (6,496)
Costs and expenses 456,669 471,220 897,015 924,817
Operating profit 104,260 99,507 187,386 180,663
Interest expense, net (30,945) (30,995) (62,422) (61,530)
Investment income (loss), net 0 11 (1,718) 11
Other income, net 2,585 6,300 7,571 13,136
Income before income taxes 75,900 74,823 130,817 132,280
Provision for income taxes (20,790) (20,180) (36,475) (35,644)
Net income $ 55,110 $ 54,643 $ 94,342 $ 96,636
Net income per share:        
Basic $ 0.29 $ 0.27 $ 0.48 $ 0.47
Diluted $ 0.29 $ 0.27 $ 0.48 $ 0.47
Sales        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 232,853 $ 237,355 $ 452,363 $ 462,678
Franchise royalty revenue and fees        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 156,300 157,670 301,448 304,170
Franchise rental income        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 60,411 60,638 118,865 118,624
Advertising funds revenue        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 111,365 $ 115,064 $ 211,725 $ 220,008