What changed 10-K

Item 2. Properties

2025-02-28 compared with 2024-02-23 · 5 added, 6 removed, 9 unchanged (55% of the section changed)

3 unchanged sentences

Our lease expires on October 31, 2048, including all applicable extensions.

Of the 635 company restaurants in operation as of December 26, 2023, we owned 155 locations and leased 480 locations, as shown in the following table.

Massachusetts

New Hampshire

North Carolina

South Carolina

West Virginia

As of December 31, 2024, we owned and operated 666 company restaurants.

Of the 666 company-owned restaurants, 153 restaurants were on owned sites and 513 restaurants were on leased sites.

These leased sites are classified as either land leases (where we lease the land and construct the building and leasehold improvements) or land and building or in-line space leases (where we lease the land, building, or in-line space and construct leasehold improvements as necessary).

The breakdown of these leases is as follows:

Land and building or in-line space leases

Additional information concerning our properties and leasing arrangements is included in Note 2 and Note 8 to the Consolidated Financial Statements appearing in Part II, Item 8 of this Annual Report on Form 10-K.

4 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.