XML 17 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 09, 2023
Jul. 10, 2022
Jul. 09, 2023
Jul. 10, 2022
Revenues $ 396,942 $ 398,305 $ 1,319,782 $ 1,065,310
Operating costs and expenses, net:        
Food and packaging 58,556 65,755 199,799 150,163
Payroll and employee benefits 63,871 71,366 217,547 162,001
Occupancy and other 37,274 42,054 127,920 92,102
Franchise occupancy expenses 53,930 50,971 173,803 164,198
Franchise support and other costs 4,079 3,768 8,623 12,694
Franchise advertising and other services expenses     192,875 164,964
Selling, general and administrative expenses 39,617 40,032 129,164 93,274
Depreciation and amortization 14,460 16,713 48,460 40,754
Pre-opening costs 182 54 667 630
Other operating expenses, net     5,135 22,339
Gains on the sale of company-operated restaurants (5,794) (802) (10,323) (1,660)
Total operating costs and expenses 333,400 346,438 1,093,670 901,459
Earnings from operations 63,542 51,867 226,112 163,851
Other pension and post-retirement expenses, net 1,608 70 5,359 233
Interest expense, net 18,662 19,703 64,167 66,371
Earnings before income taxes 43,272 32,094 156,586 97,247
Income taxes 14,104 9,237 47,657 27,324
Net earnings $ 29,168 $ 22,857 $ 108,929 $ 69,923
Earnings per share:        
Basic (in USD per share) $ 1.42 $ 1.08 $ 5.25 $ 3.29
Diluted (in USD per share) 1.41 1.08 5.22 3.29
Cash dividends declared per common share (in USD per share) $ 0.44 $ 0.44 $ 1.32 $ 1.32
Company restaurant sales        
Revenues $ 198,516 $ 215,231 $ 671,311 $ 486,596
Franchise rental revenues        
Revenues 86,248 80,068 278,598 259,723
Operating costs and expenses, net:        
Franchise advertising and other services expenses 59,569 52,398    
Franchise royalties and other        
Revenues 54,970 52,059 185,342 159,915
Franchise contributions for advertising and other services        
Revenues $ 57,208 $ 50,947 $ 184,531 $ 159,076