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Leases (Tables)
 12 Months Ended
Dec. 28, 2025
Leases [Abstract]  
Schedule of Real Estate Properties As of December 28, 2025, the nature of restaurants operated by the Company and its franchisees was as follows:
Year End
December 28, 2025
Company-operated restaurants:
Owned land and building155
Owned building and held long-term land leases142
Leased land and building137
Total Company-operated restaurants434
Franchisee-operated restaurants:
Company-owned properties leased to franchisees491
Company-leased properties subleased to franchisees1,146
Other franchisee-operated restaurants5,326
Total franchisee-operated restaurants6,963
Total Company-operated and franchisee-operated restaurants7,397
Lease, Cost
The components of lease cost for 2025, 2024 and 2023 are as follows:
Year Ended
202520242023
Finance lease cost:
Amortization of finance lease assets$18,901 $13,877 $16,061 
Interest on finance lease liabilities44,650 43,051 42,624 
63,551 56,928 58,685 
Operating lease cost81,762 84,382 85,138 
Variable lease cost (a)67,633 66,977 66,859 
Short-term lease cost5,234 5,420 5,864 
Total operating lease cost (b)154,629 156,779 157,861 
Total lease cost$218,180 $213,707 $216,546 
_______________

(a)Includes expenses for executory costs of $42,057, $39,754, and $39,456 for 2025, 2024 and 2023, respectively, for which the Company is reimbursed by sublessees.

(b)Includes $125,563, $127,228 and $125,180 for 2025, 2024 and 2023, respectively, recorded to “Franchise rental expense” for leased properties that are subsequently leased to franchisees. Also includes $27,731, $27,633 and $30,538 for 2025, 2024 and 2023, respectively, recorded to “Cost of sales” for leases for Company-operated restaurants.
Schedule of Supplemental Cash Flow and Non-cash Information Related to Leases
The following table includes supplemental cash flow and non-cash information related to leases:
Year Ended
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases$44,674 $43,050 $42,624 
Operating cash flows from operating leases84,815 86,664 86,972 
Financing cash flows from finance leases24,546 20,404 21,588 
Right-of-use assets obtained in exchange for lease obligations:
Finance lease liabilities (a)115,252 47,014 20,243 
Operating lease liabilities22,111 41,423 12,659 
_______________

(a)2025 includes finance lease liabilities assumed as part of the Company’s acquisition of 35 franchise-operated restaurants. See Note 16 for further information.
Schedule of Supplemental Information Related to Leases
The following table includes supplemental information related to leases:
Year End
December 28, 2025December 29,
2024
Weighted-average remaining lease term (years):
Finance leases14.714.0
Operating leases11.411.9
Weighted average discount rate:
Finance leases7.59 %8.09 %
Operating leases5.01 %4.98 %
Supplemental balance sheet information:
Finance lease assets, gross$432,554 $349,212 
Accumulated amortization(119,710)(104,258)
Finance lease assets312,844 244,954 
Operating lease assets642,589 679,777 
Finance Lease, Liability, Maturity
The following table illustrates the Company’s future minimum rental payments for non-cancelable leases as of December 28, 2025:
Finance
Leases		Operating
Leases
Fiscal YearCompany-OperatedFranchise
and Other		Company-OperatedFranchise
and Other
2026$12,528 $59,459 $21,491 $62,526 
202712,699 60,642 21,588 64,692 
202812,774 61,976 21,428 65,142 
202912,988 63,401 21,453 64,698 
203013,343 63,343 20,829 63,875 
Thereafter166,718 536,633 142,064 388,321 
Total minimum payments$231,050 $845,454 $248,853 $709,254 
Less interest
(88,084)(315,032)(62,991)(183,740)
Present value of minimum lease payments (a) (b)$142,966 $530,422 $185,862 $525,514 
_______________

(a)The present value of minimum finance lease payments of $26,673 and $646,715 are included in “Current portion of finance lease liabilities” and “Long-term finance lease liabilities,” respectively.

(b)The present value of minimum operating lease payments of $51,119 and $660,257 are included in “Current portion of operating lease liabilities” and “Long-term operating lease liabilities,” respectively.
Lessee, Operating Lease, Liability, Maturity
The following table illustrates the Company’s future minimum rental payments for non-cancelable leases as of December 28, 2025:
Finance
Leases		Operating
Leases
Fiscal YearCompany-OperatedFranchise
and Other		Company-OperatedFranchise
and Other
2026$12,528 $59,459 $21,491 $62,526 
202712,699 60,642 21,588 64,692 
202812,774 61,976 21,428 65,142 
202912,988 63,401 21,453 64,698 
203013,343 63,343 20,829 63,875 
Thereafter166,718 536,633 142,064 388,321 
Total minimum payments$231,050 $845,454 $248,853 $709,254 
Less interest
(88,084)(315,032)(62,991)(183,740)
Present value of minimum lease payments (a) (b)$142,966 $530,422 $185,862 $525,514 
_______________

(a)The present value of minimum finance lease payments of $26,673 and $646,715 are included in “Current portion of finance lease liabilities” and “Long-term finance lease liabilities,” respectively.

(b)The present value of minimum operating lease payments of $51,119 and $660,257 are included in “Current portion of operating lease liabilities” and “Long-term operating lease liabilities,” respectively.
Lease, Income
The components of lease income for 2025, 2024 and 2023 are as follows:
Year Ended
202520242023
Sales-type and direct-financing leases:
Selling profit$2,910 $474 $2,466 
Interest income (a)27,512 29,187 31,412 
Operating lease income166,430 168,497 163,927 
Variable lease income69,320 67,996 66,241 
Franchise rental income (b)$235,750 $236,493 $230,168 
_______________

(a)Included in “Interest expense, net.”

(b)Includes sublease income of $172,742, $174,478 and $170,112 recognized during 2025, 2024 and 2023, respectively. Sublease income includes lessees’ variable payments to the Company for executory costs of $42,050, $39,793 and $39,350 for 2025, 2024 and 2023, respectively.
Sales-type and Direct Financing Leases, Lease Receivable, Maturity
The following table illustrates the Company’s future minimum rental receipts for non-cancelable leases and subleases as of December 28, 2025:
Sales-Type and
Direct Financing Leases		Operating
Leases
Fiscal YearSubleasesOwned PropertiesSubleasesOwned Properties
2026$35,859 $1,222 $109,097 $59,212 
202736,418 1,359 110,151 59,009 
202837,420 1,117 111,322 58,993 
202937,677 1,122 111,529 59,830 
203038,641 1,363 110,457 60,086 
Thereafter323,981 9,447 683,222 450,453 
Total future minimum receipts509,996 15,630 $1,235,778 $747,583 
Unearned interest income(224,428)(5,375)
Net investment in sales-type and direct financing leases (a)$285,568 $10,255 
_______________

(a)The present value of minimum sales-type and direct financing rental receipts of $10,932 and $284,891 are included in “Accounts and notes receivable, net” and “Net investment in sales-type and direct financing leases,” respectively. The present value of minimum sales-type and direct financing rental receipts includes a net investment in unguaranteed residual assets of $135.
Lessor, Operating Lease, Payments to be Received, Maturity
The following table illustrates the Company’s future minimum rental receipts for non-cancelable leases and subleases as of December 28, 2025:
Sales-Type and
Direct Financing Leases		Operating
Leases
Fiscal YearSubleasesOwned PropertiesSubleasesOwned Properties
2026$35,859 $1,222 $109,097 $59,212 
202736,418 1,359 110,151 59,009 
202837,420 1,117 111,322 58,993 
202937,677 1,122 111,529 59,830 
203038,641 1,363 110,457 60,086 
Thereafter323,981 9,447 683,222 450,453 
Total future minimum receipts509,996 15,630 $1,235,778 $747,583 
Unearned interest income(224,428)(5,375)
Net investment in sales-type and direct financing leases (a)$285,568 $10,255 
_______________

(a)The present value of minimum sales-type and direct financing rental receipts of $10,932 and $284,891 are included in “Accounts and notes receivable, net” and “Net investment in sales-type and direct financing leases,” respectively. The present value of minimum sales-type and direct financing rental receipts includes a net investment in unguaranteed residual assets of $135.
Property, Plant, and Equipment, Lessor Asset under Operating Lease
Properties owned by the Company and leased to franchisees and other third parties under operating leases include:
Year End
December 28, 2025December 29, 2024
Land$271,302 $261,131 
Buildings and improvements310,571 303,521 
Restaurant equipment1,429 1,943 
583,302 566,595 
Accumulated depreciation and amortization(220,273)(207,923)
$363,029 $358,672