Note C - Revenues

3 Months Ended

Jun. 28, 2026

Notes to Financial Statements

Revenue from Contract with Customer [Text Block]

NOTE C – REVENUES

The Company’s disaggregated revenues for the thirteen weeks ended June 28, 2026 and June 29, 2025 are as follows (in thousands):

	Thirteen weeks ended
	June 28, 2026		June 29, 2025
Branded Products	$	35,039	$	29,075
Company-owned restaurants		3,951		3,986
License royalties		13,587		12,381
Franchise royalties		1,020		1,001
Franchise fees		54		128
Advertising fund revenue		411		427
Total revenues	$	54,062	$	46,998

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

	Thirteen weeks ended
	June 28, 2026		June 29, 2025
United States	$	52,844	$	46,039
International		1,218		959
Total revenues	$	54,062	$	46,998

Contract balances

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

	June 28, 2026		March 29, 2026
Deferred franchise fees (a)	$	675	$	701
Deferred revenues, which are included in “Accrued expenses and other current liabilities” (b)	$	608	$	1,315

(a) Deferred franchise fees of $179 and 496 as of June 28, 2026 and $192 and $509 as of March 29, 2026 are included in Deferred franchise fees – current and long term, respectively.

(b) Includes $358 of deferred license royalties and $250 of deferred advertising fund revenue as of June 28, 2026 and $815 of deferred license royalties and $500 of deferred advertising fund revenue as of March 29, 2026.

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

	Thirteen weeks ended
	June 28, 2026			June 29, 2025
Deferred franchise fees at beginning of period	$	701		$	1,006
New deferrals due to cash received and other		28			40
Revenue recognized during the period		(54	)		(128	)
Deferred franchise fees at end of period	$	675		$	918

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

	Thirteen weeks ended
	June 28, 2026			June 29, 2025
Deferred revenues at beginning of period	$	1,315		$	1,392
New deferrals due to cash received and other		-			-
Revenue recognized during the period		(707	)		(645	)
Deferred revenues at end of period	$	608		$	747

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
2027(a)	$	151
2028		107
2029		80
2030		61
2031		44
Thereafter		232
Total	$	675

(a) Represents franchise fees expected to be recognized for the remainder of the 2027 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $54 of franchise fee revenue recognized for the thirteen weeks ended June 28, 2026.

We have applied the optional exemption, as provided for under 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.