v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company uses the management approach for determining its reportable segments. The management approach is based upon the way that management reviews performance and allocates resources.
The Company’s chief operating decision-maker (the “CODM”) is its CEO. The Company has one operating and one reportable segment, as the CODM allocates resources and regularly reviews operations and financial performance at a consolidated level. The CODM uses consolidated net income to allocate resources for the single segment to make decisions regarding annual budget, new store openings, marketing decisions and driving the Company’s mission. The measure of the single reportable segment’s assets is reported as Total assets on the condensed consolidated balance sheets.
No changes have been made to the Company’s segment during the three months ended March 31, 2026. In addition, no customer represented 10% or more of total revenue for the three months ended March 31, 2026 and 2025.
Financial information for the Company’s reportable segment is as follows:
Three Months Ended March 31,
(in thousands)20262025
Segment revenue$55,454 $44,820 
Less:
Beverage, food and packaging costs15,013 12,682 
Labor and related expenses11,475 9,419 
Occupancy and related expenses4,725 3,748 
Other store operating expenses(1)
7,782 6,239 
Selling, general and administrative expenses9,242 6,880 
Depreciation and amortization3,453 2,883 
Pre-opening costs1,088 718 
Interest expense, net422 3,042 
Other expense (income), net352 15 
Income tax expense103 78 
Segment income (loss)1,799 (884)
Reconciliation of profit or loss
Adjustments and reconciling items— — 
Consolidated net income (loss)$1,799 $(884)
(1)Other store operating expenses consists of credit card fees, repairs and maintenance, utilities, software subscriptions, property taxes, and other operating expenses, incidental to operating the Company’s stores, such as store supplies, insurance, business permits, and travel expense.