Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 28, 2025
Dec. 29, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 1,210,225 $ 1,248,560 $ 1,303,046
Restaurant operating costs (excluding depreciation and amortization shown separately below):      
Cost of sales 283,883 292,392 308,962
Labor (includes $0, $0, and $475 of stock-based compensation) 437,242 479,631 473,538
Other operating 213,187 216,242 224,999
Occupancy 103,958 103,359 102,761
Depreciation and amortization 51,120 57,729 66,190
General and administrative (includes $5,573, $6,940, and $6,329 of stock-based compensation) 76,254 81,721 89,360
Selling 31,328 36,719 34,770
Pre-opening costs 0 0 587
Other (gains) charges, net (includes $(4,104), $71, and $128 of stock-based compensation) 10,463 33,848 (2,663)
Total costs and expenses 1,207,435 1,301,641 1,298,504
Income (loss) from operations 2,790 (53,081) 4,542
Other (income) expense:      
Interest expense 25,956 25,277 26,560
Interest (income) and other, net (140) (727) (1,100)
Total other expenses, net 25,816 24,550 25,460
Income (loss) before income taxes (23,026) (77,631) (20,918)
Income tax (benefit) expense 258 (90) 310
Net income (loss) $ (23,284) $ (77,541) $ (21,228)
Income (loss) per share:      
Basic (in dollars per share) $ (1.31) $ (4.93) $ (1.34)
Diluted (in dollars per share) $ (1.31) $ (4.93) $ (1.34)
Weighted average shares outstanding:      
Basic weighted average shares outstanding (in shares) 17,789 15,736 15,835
Diluted weighted average shares outstanding (in shares) 17,789 15,736 15,835
Other comprehensive income (loss):      
Foreign currency translation adjustment $ 2 $ (40) $ 12
Other comprehensive income (loss), net of tax 2 (40) 12
Total comprehensive income (loss) (23,282) (77,581) (21,216)
Restaurant revenue      
Revenues:      
Total revenues 1,189,780 1,224,254 1,274,294
Franchise revenue      
Revenues:      
Total revenues 14,076 14,941 15,867
Other revenue      
Revenues:      
Total revenues $ 6,369 $ 9,365 $ 12,885