Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2023

Financial information for the Company’s reportable segments was as follows for the periods presented:


	Year Ended December 31,
(in thousands)		2023		2022		2021
Revenues:
Company-operated shops		$	857,939	$	639,710	$	403,746
Franchising and other		107,837		99,302		94,130
Total revenues		965,776		739,012		497,876
Cost of sales:
Company-operated shops		677,704		518,383		317,045
Franchising and other		36,776		39,713		27,528
Total cost of sales		714,480		558,096		344,573
Segment contribution:
Company-operated shops		242,323		157,633		102,992
Franchising and other		76,459		65,295		72,865
Total segment contribution		$	318,782	$	222,928	$	175,857
Depreciation and amortization:
Company-operated shops		62,088		36,306		16,291
Franchising and other		5,398		5,706		6,263
Total depreciation and amortization		67,486		42,012		22,554
Selling, general and administrative		(205,074)		(183,528)		(264,529)
Interest expense, net		(32,321)		(18,018)		(7,093)
Other income (expense), net		3,018		3,976		(1,240)
Income (loss) before income taxes		$	16,919	$	(16,654)	$	(119,559)