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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
Sep. 29, 2024
Sep. 24, 2023
Revenue $ 173,431 $ 153,428 $ 515,922 $ 431,015
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 138,490 124,315 410,925 353,876
Operating expenses:        
General and administrative 36,777 35,963 112,844 111,220
Depreciation and amortization 16,905 15,682 50,069 43,310
Pre-opening costs 1,759 2,522 4,295 8,190
Impairment and closure costs 114 132 388 479
Loss on disposal of property and equipment 63 489 178 547
Restructuring charges 498 812 1,497 6,448
Total operating expenses 56,116 55,600 169,271 170,194
Loss from operations (21,175) (26,487) (64,274) (93,055)
Interest income (2,754) (3,381) (8,690) (9,694)
Interest expense 26 19 242 58
Other expense 2,279 1,612 5,247 1,597
Net loss before income taxes (20,726) (24,737) (61,073) (85,016)
Income tax expense 90 318 300 954
Net loss $ (20,816) $ (25,055) $ (61,343) $ (85,970)
Earnings per share:        
Net loss per share basic (in dollars per share) $ (0.18) $ (0.22) $ (0.54) $ (0.77)
Net loss per share diluted (in dollars per share) $ (0.18) $ (0.22) $ (0.54) $ (0.77)
Weighted average shares used in computing net loss per share basic (in shares) 114,752,307 112,179,722 113,743,453 111,687,538
Weighted average shares used in computing net loss per share diluted (in shares) 114,752,307 112,179,722 113,743,453 111,687,538
Food, beverage, and packaging        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 47,706 $ 41,754 $ 141,307 $ 118,333
Labor and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 47,520 43,750 142,954 126,506
Occupancy and related expenses        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs 15,054 13,961 44,523 40,117
Other restaurant operating costs        
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):        
Total restaurant operating costs $ 28,210 $ 24,850 $ 82,141 $ 68,920