v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jul. 01, 2025
Jun. 30, 2026
Jul. 01, 2025
Revenue:        
Total revenue $ 127,037 $ 126,433 $ 250,823 $ 250,227
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Other restaurant operating costs 25,372 24,414 51,084 50,070
General and administrative 13,857 12,404 26,371 25,214
Depreciation and amortization 5,900 7,139 11,881 14,229
Pre-opening 0 69 0 220
Restaurant impairments, closure costs and asset disposals 5,527 13,653 8,261 14,944
Total costs and expenses 128,577 141,211 253,175 271,392
Loss from operations (1,540) (14,778) (2,352) (21,165)
Interest expense, net 2,391 2,753 4,989 5,400
Loss before income taxes (3,931) (17,531) (7,341) (26,565)
Provision for income taxes 20 21 27 44
Net loss $ (3,951) $ (17,552) $ (7,368) $ (26,609)
Loss per Class A and Class B common stock, combined        
Basic (USD per share) [1] $ (0.67) $ (3.04) $ (1.25) $ (4.63)
Diluted (USD per share) [1] $ (0.67) $ (3.04) $ (1.25) $ (4.63)
Weighted average shares of Class A and Class B common stock outstanding, combined        
Basic (in shares) [1] 5,927,281 5,770,249 5,894,326 5,746,584
Diluted (in shares) 5,927,281 5,770,249 5,894,326 5,746,584
Restaurant revenue        
Revenue:        
Total revenue $ 124,801 $ 123,781 $ 246,241 $ 245,107
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Restaurant operating costs 31,019 32,860 61,912 65,153
Franchising royalties and fees, and other        
Revenue:        
Total revenue 2,236 2,652 4,582 5,120
Labor        
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Restaurant operating costs 36,737 39,279 73,147 78,675
Occupancy        
Restaurant operating costs (exclusive of depreciation and amortization shown separately below):        
Restaurant operating costs $ 10,165 $ 11,393 $ 20,519 $ 22,887
[1] Shares and per share amounts have been retroactively adjusted to reflect the decreased number of shares resulting from a 1-for-8 reverse stock split effectuated on February 18, 2026.