Note C - Revenues

9 Months Ended

Dec. 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 thirty-nine weeks ended December 28, 2025 and December 29, 2024 are as follows (in thousands): 

	Thirteen weeks ended				Thirty-nine weeks ended
	December 28, 2025		December 29, 2024		December 28, 2025		December 29, 2024
Branded Products	$	23,749	$	21,099	$	81,871	$	71,781
Company-owned restaurants		1,646		1,804		11,256		11,351
License royalties		7,385		7,105		28,993		29,517
Franchise royalties		906		897		3,045		2,944
Franchise fees		114		94		327		294
Advertising fund revenue		512		520		1,505		1,508
Total revenues	$	34,312	$	31,519	$	126,997	$	117,395

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

	Thirteen weeks ended				Thirty-nine weeks ended
	December 28, 2025		December 29, 2024		December 28, 2025		December 29, 2024
United States	$	33,480	$	30,659	$	124,275	$	114,419
International		832		860		2,722		2,976
Total revenues	$	34,312	$	31,519	$	126,997	$	117,395

Contract balances

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

	December 28, 2025		March 30, 2025
Deferred franchise fees (a)	$	773	$	1,006
Deferred revenues, which are included in
“Accrued expenses and other current liabilities” (b)	$	250	$	1,392

(a) Deferred franchise fees of $216 and $557 as of December 28, 2025 and $309 and $697 as of March 30, 2025 are included in Deferred franchise fees – current and long term, respectively.

(b) Includes $250 of deferred advertising fund revenue as of December 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):

	Thirty-nine weeks ended
	December 28, 2025			December 29, 2024
Deferred franchise fees at beginning of period	$	1,006		$	1,226
New deferrals due to cash received and other		94			94
Revenue recognized during the period		(327	)		(294	)
Deferred franchise fees at end of period	$	773		$	1,026

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

	Thirty-nine weeks ended
	December 28, 2025			December 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		(1,642	)		(1,625	)
Deferred revenues at end of period	$	250		$	250

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)	$	74
2027		191
2028		100
2029		72
2030		52
Thereafter		284
Total	$	773

(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 $327 of franchise fee revenue recognized for the thirty-nine weeks ended December 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.