As of December 25, 2024, our restaurant system consisted of 498 restaurants, comprised of 173 company-operated restaurants and 325 franchised restaurants, located in California, Nevada, Arizona, Texas, Utah, Louisiana and Colorado.
−Removed: In addition, we currently license our brand to nine restaurants in the Philippines.
+Added: In addition, as of December 25, 2024, we licensed our brand to 10 restaurants in the Philippines.
We have not included these licensed restaurants as part of our unit count as presented in this annual report.
1 unchanged sentence
Our restaurants are either free-standing facilities, typically with drive-thru capability, or in-line.
−Removed: A typical restaurant generally ranges from 2,200 to 3,000 square feet, with seating for approximately 50-70 people.
+Added: A typical restaurant generally ranges from 2,200 to 3,000 square feet, with seating for approximately 50 to 70 people.
For a majority of our company-operated restaurants, we lease land on which our restaurants are built.
7 unchanged sentences
We lease our headquarters, consisting of approximately 24,890 square feet in Costa Mesa, California, for a term expiring in 2026, plus a one-year extension option.
−Removed: We believe that our current office space is suitable and adequate for its intended purposes and our near-term expansion plans.
LEGAL PROCEEDINGS
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.