Note C - Revenues

6 Months Ended

Sep. 28, 2025

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE C – REVENUES

The Company’s disaggregated revenues for the thirteen and twenty-six weeks ended September 28, 2025 and September 29, 2024 are as follows (in thousands):

	Thirteen weeks ended				Twenty-six weeks ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
Branded Products	$	29,047	$	24,536	$	58,122	$	50,682
Company-owned restaurants		5,624		5,348		9,610		9,547
License royalties		9,227		9,491		21,608		22,412
Franchise royalties		1,138		1,066		2,139		2,047
Franchise fees		85		108		213		200
Advertising fund revenue		566		560		993		988
Total revenues	$	45,687	$	41,109	$	92,685	$	85,876

The following table disaggregates revenues by primary geographical market (in thousands):

	Thirteen weeks ended				Twenty-six weeks ended
	September 28, 2025		September 29, 2024		September 28, 2025		September 29, 2024
United States	$	44,756	$	40,464	$	90,795	$	83,760
International		931		645		1,890		2,116
Total revenues	$	45,687	$	41,109	$	92,685	$	85,876

Contract balances

The following table provides information about contract liabilities from contracts with customers (in thousands):

	September 28, 2025		March 30, 2025
Deferred franchise fees (a)		$881		$1,006
Deferred revenues, which are included in
“Accrued expenses and other current liabilities” (b)		$715		$1,392

(a) Deferred franchise fees of $250 and $631 as of September 28, 2025 and $309 and $697 as of March 30, 2025 are included in Deferred franchise fees – current and long term, respectively.

(b) Includes $215 of deferred license royalties and $500 of deferred advertising fund revenue as of September 28, 2025 and $892 of deferred license royalties and $500 of deferred advertising fund revenue as of March 30, 2025.

Significant changes in deferred franchise fees are as follows (in thousands):

	Twenty-six weeks ended
	September 28, 2025			September 29, 2024
Deferred franchise fees at beginning of period	$	1,006		$	1,226
New deferrals due to cash received and other		88			75
Revenue recognized during the period		(213	)		(200	)
Deferred franchise fees at end of period	$	881		$	1,101

Significant changes in deferred revenues are as follows (in thousands):

	Twenty-six weeks ended
	September 28, 2025			September 29, 2024
Deferred revenues at beginning of period	$	1,392		$	1,375
New deferrals due to cash received and other		500			500
Revenue recognized during the period		(1,177	)		(1,275	)
Deferred revenues at end of period	$	715		$	600

Anticipated future recognition of deferred franchise fees

The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands):

	Estimate for fiscal year
2026 (a)	$	152
2027		196
2028		104
2029		77
2030		56
Thereafter		296
Total	$	881

(a) Represents franchise fees expected to be recognized for the remainder of the 2026 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $213 of franchise fee revenue recognized for the twenty-six weeks ended September 28, 2025.

We have applied the optional exemption, as provided for under ASC Topic 606 “Revenues from Contracts with Customers,” which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.