0001628280-26-011393 | 10-K | XBRL Viewer

Print Document

Other Intangible Assets - Schedule of Other Intangible Assets Roll Forward (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 28, 2025	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Roll Forward]
Beginning of period		$ 45.5
Amortization expense		(11.9)	$ (10.8)	$ (10.9)
End of period	$ 32.6	32.6	45.5
Intangible Assets, Net (Excluding Goodwill) [Roll Forward]
Beginning of period		575.7	586.0
Impairment		$ (31.8)
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Amortization expense		$ (11.9)	(10.8)	(10.9)
Additions		2.1	0.8
Disposition			(0.3)
End of period	534.1	534.1	575.7	586.0
Other
Finite-Lived Intangible Assets [Roll Forward]
Amortization expense		(1.1)	(0.1)
Intangible Assets, Net (Excluding Goodwill) [Roll Forward]
Beginning of period		8.2	7.8
Impairment		$ (2.8)
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Amortization expense		$ (1.1)	(0.1)
Additions		2.1	0.8
Disposition			(0.3)
End of period	6.3	6.3	8.2	7.8
Franchising Rights
Finite-Lived Intangible Assets [Roll Forward]
Beginning of period		42.3	53.0
Impairment		$ 0.0
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Amortization expense		$ (10.7)	(10.7)
Additions		0.0	0.0
Disposition			0.0
End of period	31.6	$ 31.6	42.3	53.0
Intangible Assets, Net (Excluding Goodwill) [Roll Forward]
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Amortization expense		$ (10.7)	(10.7)
Tradenames
Indefinite-lived Intangible Assets [Roll Forward]
Beginning of period		525.2	525.2
Impairment	(29.0)	$ (29.0)	0.0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Additions		$ 0.0	0.0
Disposition			0.0
End of period	$ 496.2	$ 496.2	$ 525.2	$ 525.2
Intangible Assets, Net (Excluding Goodwill) [Roll Forward]
Impairment, Intangible Asset, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 28, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Receivables

12 Months Ended

Dec. 28, 2025

Receivables [Abstract]

Receivables

Total receivables balances at December 28, 2025 and December 29, 2024 were as follows:


Receivables	2025		2024
	(In millions)
Accounts receivable	$	75.2	$	72.0
Gift card receivables	33.3		34.7

Notes receivable	20.9		14.7



Leases receivable	24.8		31.5
Other receivables	4.9		2.9
	159.1		155.8
Less: allowance for doubtful accounts and notes receivable	(6.3)		(4.7)
	152.8		151.1
Less: current portion	(119.0)		(115.2)
Long-term receivables	$	33.8	$	35.9

Changes in the allowance for credit losses during the years ended December 28, 2025 and December 29, 2024 were as follows:



	Total
	(In millions)






Balance, December 31, 2023	$	9.5

Bad debt expense (recovery)	0.7
Other	0.1
Write-offs	(5.5)

Balance, December 29, 2024	$	4.7
Bad debt expense (recovery)	3.4
Other	(0.3)
Write-offs	(1.5)

Balance, December 28, 2025	$	6.3

The $5.5 million of write-offs for the year ended December 29, 2024 is primarily due to $3.8 million recorded for notes receivable and $1.0 million recorded for accounts receivable. The $3.4 million of bad debt expense recorded for the year ended December 28, 2025 is primarily due to $2.6 million recorded for accounts receivable. All other adjustments to the reserve for both years presented is not significant.

The Company's primary credit quality indicator for all portfolio segments is delinquency. Generally, the notes receivables, real estate leases receivables, equipment leases receivables, and other receivables (primarily consists of credit card receivables) are not delinquent.

The year of origination of the Company's notes and financing receivables at December 28, 2025 is as follows:



	Notes receivable, short and long-term		Leases Receivables		Total
	(In millions)
2025	$	8.8	$	1.4	$	10.2
2024	7.2		2.0		9.2
2023	4.4		3.5		7.9
2022	0.3		7.3		7.6
2021	0.2		1.9		2.1
Prior	—		8.8		8.8
Total	$	20.9	$	24.9	$	45.8

The Company does not place its financing receivables in non-accrual status.

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Property and Equipment [Line Items]
Property and equipment, gross	$ 478.4	$ 463.3
Less: accumulated depreciation and amortization	(317.9)	(307.2)
Property and equipment, net	160.5	156.1
Leaseholds and improvements
Property and Equipment [Line Items]
Property and equipment, gross	226.2	222.2
Properties under finance leases
Property and Equipment [Line Items]
Properties under finance leases	56.5	57.5
Equipment and fixtures
Property and Equipment [Line Items]
Property and equipment, gross	20.1	15.2
Buildings and improvements
Property and Equipment [Line Items]
Property and equipment, gross	44.9	48.2
Construction in progress
Property and Equipment [Line Items]
Property and equipment, gross	16.4	4.3
Internal-use software
Property and Equipment [Line Items]
Property and equipment, gross	74.0	71.5
Land
Property and Equipment [Line Items]
Property and equipment, gross	$ 40.3	$ 44.4

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 28, 2025	Jan. 23, 2026	Jun. 27, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 28, 2025
Current Fiscal Year End Date	--12-28
Document Transition Report	false
Entity File Number	001-15283
Entity Registrant Name	Dine Brands Global, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3038279
Entity Address, Address Line One	10 West Walnut Street
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	Pasadena
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91103
City Area Code	818
Local Phone Number	240-6055
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	DIN
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Smaller Company	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 371.7
Entity Common Stock, Shares Outstanding		13,046,383
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Proxy Statement for the Annual Meeting of Stockholders to be held on Tuesday, May 14, 2026 are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except as expressly incorporated by reference, the registrant’s Proxy Statement shall not be deemed to be part of this report.
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Central Index Key	0000049754

Stock-Based Incentive Plans - Schedule of Share-based Compensation, Stock Options, Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Number of Shares Under Option
Beginning of period, outstanding (in shares)	524,646	462,506	539,575
Granted (in shares)	0	133,729	74,390
Exercised (in shares)			(69,443)
Forfeited (in shares)	(10,318)	(14,717)	(20,876)
Expired (in shares)	(33,746)	(56,872)	(61,140)
End of period, outstanding (in shares)	480,582	524,646	462,506
Vested and expected to vest (in shares)	476,186
Exercisable (in shares)	405,052
Weighted Average Exercise Price Per Share
Beginning of period (in dollars per share)	$ 69.89	$ 77.59	$ 75.65
Granted (in dollars per share)		49.06	74.94
Exercised (in dollars per share)			54.90
Forfeited (in dollars per share)	54.10	56.03	79.11
Expired (in dollars per share)	85.57	87.07	82.47
End of period (in dollars per share)	69.13	$ 69.89	$ 77.59
Vested and expected to vest (in dollars per share)	69.30
Exercisable (in dollars per share)	$ 71.91
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual Term (in years)	4 years 6 months 25 days
Weighted Average Remaining Contractual Term, Vested and Expected to Vest (in years)	4 years 6 months 14 days
Weighted Average Remaining Contractual Term, Exercisable (in years)	3 years 11 months 8 days
Aggregate Intrinsic Value, Outstanding	$ 0.0
Aggregate Intrinsic Value, Vested and Expected to Vest	0.0
Aggregate Intrinsic Value, Exercisable	$ 0.0

Stock-Based Incentive Plans (Tables)

12 Months Ended

Dec. 28, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the Company's stock-based compensation expense included as a component of general and administrative expenses in the Consolidated Statements of Comprehensive Income:



	2025		2024		2023
	(In millions)

Equity classified awards expense	$	13.4	$	16.0	$	12.0
Liability classified awards expense	2.5		0.3		(1.4)
Total stock-based compensation expense	15.9		16.3		10.6

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the assumptions used in the Black-Scholes model for stock options granted in the years then ended. No options were granted for the year ended December 28, 2025.


	2024			2023
Risk free interest rate	4.3		%	4.4		%
Weighted average historical volatility	70.2		%	70.9		%
Dividend yield	4.2		%	2.7		%
Expected years until exercise	4.5			4.5

Weighted average fair value of options granted	$	22.3		$	37.4

Schedule of Share-based Compensation, Stock Options, Activity

Stock option activity for the year ended December 28, 2025 is summarized as follows:


	Number of Shares Under Option	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)










Outstanding at January 1, 2023	539,575	75.65		n/a	n/a
Granted	74,390	74.94		n/a	n/a
Exercised	(69,443)	54.90		n/a	n/a
Forfeited	(20,876)	79.11		n/a	n/a
Expired	(61,140)	82.47		n/a	n/a
Outstanding at December 31, 2023	462,506	77.59		n/a	n/a
Granted	133,729	49.06		n/a	n/a

Forfeited	(14,717)	56.03		n/a	n/a
Expired	(56,872)	87.07		n/a	n/a
Outstanding at December 29, 2024	524,646	69.89		n/a	n/a


Forfeited	(10,318)	54.10		n/a	n/a
Expired	(33,746)	85.57		n/a	n/a
Outstanding at December 28, 2025	480,582	69.13		4.57	$	—
Vested and Expected to Vest at December 28, 2025	476,186	$	69.30	4.54	$	—
Exercisable at December 28, 2025	405,052	$	71.91	3.94	$	—

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

Activity in equity classified awards of restricted stock and restricted stock units for the years then ended is as follows:


	Shares of Restricted Stock	Weighted Average Grant-Date Per Share Fair Value		Restricted Stock Units	Weighted Average Grant-Date Per Share Fair Value












Outstanding at January 1, 2023	355,900	$	73.57	123,895	$	62.11
Granted	211,820	73.12		21,731	74.01
Vested/Distributed	(165,533)	73.64		(47,857)	64.04
Forfeited	(63,565)	73.15		(39,294)	77.23
Outstanding at December 31, 2023	338,622	73.33		58,475	54.07
Granted	311,955	47.55		32,630	49.06
Vested/Distributed	(155,368)	74.37		(18,115)	73.97
Forfeited	(73,750)	60.10		(37)	74.94
Outstanding at December 29, 2024	421,459	56.18		72,953	46.83
Granted	539,374	26.13		56,213	26.13
Vested/Distributed	(199,439)	59.81		(34,030)	47.70
Forfeited	(88,735)	39.08		(36,516)	39.61
Outstanding at December 28, 2025	672,659	$	33.26	58,620	$	31.78

Receivables - Schedule of Year of Origination of Financing Receivables (Details) $ in Millions	Dec. 28, 2025 USD ($)
Total
Financing Receivable, Credit Quality Indicator [Line Items]
2025	$ 10.2
2024	9.2
2023	7.9
2022	7.6
2021	2.1
Prior	8.8
Total	45.8
Notes receivable, short and long-term
Financing Receivable, Credit Quality Indicator [Line Items]
2025	8.8
2024	7.2
2023	4.4
2022	0.3
2021	0.2
Prior	0.0
Total	20.9
Leases Receivables
Financing Receivable, Credit Quality Indicator [Line Items]
2025	1.4
2024	2.0
2023	3.5
2022	7.3
2021	1.9
Prior	8.8
Total	$ 24.9

Closure and Impairment Charges - Schedule of Impairment and Closure Charges (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 28, 2025	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Closure charges		$ 5.0	$ 2.2
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]		Total	Total
Goodwill impairment		$ 0.0	$ 7.1
Other asset impairment charges		6.0	0.0
Total		40.0	9.2	$ 3.6
Change
Closure charges		(2.8)
Goodwill impairment		7.1
Other asset impairment charges		(6.0)
Total		(30.7)
Off-Market Leases
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges		2.7
Robotic Automation Company Investment
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges		1.0
Tradenames
Restructuring Cost and Reserve [Line Items]
Tradename impairment	$ 29.0	29.0	$ 0.0
Change
Tradename impairment		$ (29.0)

Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 28, 2025	Dec. 28, 2025	Dec. 29, 2024
Tradenames
Finite-Lived Intangible Assets [Line Items]
Impairment	$ 29.0	$ 29.0	$ 0.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-38

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 18: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-31

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-29

Reference 21: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 22: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-20

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 24: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 26: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 27: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479876/805-20-55-14

Reference 28: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 926
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483154/926-20-50-5

+ Details

Closure and Impairment Charges (Tables)

12 Months Ended

Dec. 28, 2025

Restructuring Charges [Abstract]

Schedule of Impairment and Closure Charges



	2025		2024		Change
	(In millions)
Closure charges	$	5.0	$	2.2	$	(2.8)
Goodwill impairment	—		7.1		7.1
Tradename impairment	29.0		—		(29.0)
Other asset impairment charges	6.0		—		(6.0)
Total	$	40.0	$	9.2	$	(30.7)

Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) $ in Millions	Dec. 28, 2025 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2026	$ 14.2
2027	13.1
2028	4.1
2029	4.1
2030	4.1
Thereafter	20.6
Franchising Rights
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2026	11.3
2027	10.3
2028	1.3
2029	1.3
2030	1.3
Thereafter	6.3
Tradename and other
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2026	3.0
2027	2.9
2028	2.9
2029	2.9
2030	2.9
Thereafter	$ 14.3

Goodwill

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the carrying amount of goodwill for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 were as follows:


	Franchise Segment		Company-Owned Restaurants Segment		Total
	(In millions)






Balance at January 1, 2023	$	254.0	$	—	$	254.0
Purchase price adjustment	0.1		—		0.1
Balance at December 31, 2023	254.1		—		254.1
Business acquisition	—		2.8		2.8
Impairment loss	(7.1)		—		(7.1)
Disposition of assets	—		(1.2)		(1.2)
Balance at December 29, 2024	247.0		1.6		248.6
Business acquisition	—		1.6		1.6
Purchase price adjustment	—		(0.6)		(0.6)


Balance at December 28, 2025	$	247.0	$	2.6	$	249.6

In November 2024, the Company acquired 56 Applebee's restaurants from franchisees, of which nine were simultaneously refranchised and sold to a different franchisee. The Company completed the purchase price allocation as described in Note 18 - Business Acquisition of the Notes to the Consolidated Financial Statements, and allocated $2.8 million of resulting goodwill to the Company-owned restaurants Segment. The Company simultaneously allocated $1.2 million of this goodwill to the disposal group related to the refranchising and sale of the restaurant assets of the nine Applebee's company-owned restaurants.

In May 2025, the Company acquired 12 Applebee's restaurants from a franchisee as described in Note 18 - Business Acquisition of the Notes to the Consolidated Financial Statements, and allocated $1.6 million of resulting goodwill to the Company-owned restaurants Segment.

Gross and net carrying amounts of goodwill at December 28, 2025 and December 29, 2024 are as follows:


	December 28, 2025						December 29, 2024
	Gross		Accumulated Impairment Loss		Net		Gross		Accumulated Impairment Loss		Net
	(In millions)
Franchise Segment	$	704.6	$	(457.6)	$	247.0	$	704.6	$	(457.6)	$	247.0

Company-Owned Restaurants Segment	2.6		—		2.6		1.6		—		1.6


Total	$	707.2	$	(457.6)	$	249.6	$	706.2	$	(457.6)	$	248.6

2025 Assessment

In the fourth quarter of 2025, the Company performed qualitative assessments of its goodwill in accordance with its accounting policies. As result of the qualitative assessment, the Company concluded it was more likely than not that the fair values of each reporting unit exceeded the respective carrying amounts and therefore, a quantitative test of impairment was not necessary.

2024 Assessment

In the fourth quarter of 2024, the Company noted, the unfavorable trend in Fuzzy's same-restaurant sales experienced throughout the year and a decrease in Fuzzy's revenue compared to the same period of the prior year. Based on these unfavorable developments, the Company determined that indicators of impairment existed and that a test of goodwill for impairment should be performed in the fourth quarter of 2024.

As a result of performing the quantitative test of impairment, the Company recognized an impairment of Fuzzy's goodwill of $7.1 million. The amount of goodwill impairment was determined as the amount by which the carrying amount of the goodwill exceeded the fair value of the Fuzzy's goodwill within the franchise segment as estimated in the impairment test.

Also in the fourth quarter of fiscal 2024, the Company performed qualitative assessments of the remaining goodwill balance within the franchise segment in accordance with its accounting policies. As result of the qualitative assessment, the Company concluded it was more likely than not that the fair values exceeded the respective carrying amounts and therefore, a quantitative test for the remaining goodwill balance within the franchise segment was not necessary.

2023 Assessment

In the fourth quarter of 2023, the Company performed qualitative assessments of its goodwill in accordance with its accounting policies, and determined that it was more-likely-than-not that an impairment does not exist. As a result of performing the quantitative test of impairment, the fair value was substantially in excess of its respective carrying value as of the testing date.

- Definition

The entire disclosure for goodwill.

+ References + Details

Leases - Schedule of Other Lease Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Leases [Abstract]
Assets obtained in exchange for operating lease obligations	$ 72.3	$ 109.4	$ 47.9
Assets obtained in exchange for finance lease obligations	$ 3.8	$ 6.8	$ 10.5

Leases

12 Months Ended

Dec. 28, 2025

Leases [Abstract]

Leases

The Company currently leases from third parties the real property for company-owned and certain of its franchise operated restaurants and subleases to the franchisees for franchise operated restaurants. The Company also leases office space for its principal corporate office in Pasadena, California and a restaurant support center in Irving, Texas. The Company does not have a significant amount of non-real estate leases.

The Company's existing leases/subleases related to IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Option periods were not included in determining liabilities and right-of-use assets related to operating leases. Leases also include variable rental payments based on a percentage of restaurant sales if restaurant sales threshold are met.

The Company's lease cost for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


	2025		2024		2023
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	2.7	$	2.6	$	2.5
Interest on lease liabilities	2.7		2.9		2.8
Operating lease cost	81.9		74.1		75.3
Variable lease cost	7.9		8.0		7.8
Short-term lease cost	—		—		—
Lease cost	$	95.2	$	87.6	$	88.4

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

Other lease information is as follows:


	2025		2024		2023
	(In millions)
Assets obtained in exchange for operating lease obligations	$	72.3	$	109.4	$	47.9
Assets obtained in exchange for finance lease obligations	$	3.8	$	6.8	$	10.5


	2025		2024
	(In millions)
Weighted-average remaining lease term - operating leases	6.4 years		6.2 years
Weighted-average remaining lease term - finance leases	5.3 years		5.5 years
Weighted-average discount rate - operating leases	6.2	%	6.1	%
Weighted-average discount rate - finance leases	9.1	%	9.2	%

During the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company made the following cash payments for leases:


	2025		2024		2023
	(In millions)
Cash paid on operating leases	$	89.0	$	83.8	$	75.2
Cash paid on finance leases	5.0		5.6		6.4

The Company's income from operating leases for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Minimum lease payments	$	89.1	$	96.0	100.7
Variable lease income	17.1		17.4		17.5
Total operating lease income	$	106.2	$	113.4	$	118.2

The Company's income from real estate leases receivable at December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Selling profit	$	0.4	$	0.2	$	0.2
Interest income	1.2		1.2		1.1
Variable lease income	0.3		0.3		0.4
Total financing lease income	$	1.9	$	1.7	$	1.7

Future lease payments to be received as lessor under noncancellable real estate leases as of December 28, 2025 were as follows:



Fiscal Years	Sales-Type Leases		Operating Leases
	(in millions)
2026	$	2.7	$	88.8
2027	2.7		73.2
2028	2.7		58.9
2029	2.6		51.4
2030	2.5		47.2
Thereafter	11.5		158.5
Total minimum rents receivable	24.8		478.0
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	$	16.6

Sale-Leaseback Transaction

In 2007, the Company entered into a Purchase and Sale Agreement relating to the sale and leaseback of 181 parcels of real property (the “Sale-Leaseback Transaction”), each of which is improved with a restaurant operating as an Applebee's Neighborhood Grill and Bar (the “Properties”). Under these agreements, the Company sold the Properties and then leased the Properties back through leaseback transactions.

Based on certain criteria and in accordance with GAAP under ASC 842, Leases, these transactions were accounted for as failed sale-leasebacks. As a result, the assets of the Properties remain on the Consolidated Balance Sheet at their historical net book value and are depreciated over the remaining term of the applicable master lease. Financing liabilities were recognized in the amount of the proceeds received. The Company does not recognize rent expense related to the leased assets. Instead, monthly rent payments under the applicable master lease agreement are recorded as interest expense and a reduction of the outstanding liability.

As of December 28, 2025 the long-term outstanding liability of $19.3 million was recorded in Other non-current liabilities and the current outstanding liability of $1.5 million was recorded in Current portion of finance leases on the Consolidated Balance Sheets related to the financing liability.

As of December 28, 2025, future minimum lease payments under financing obligations during the initial terms of the leases related to the sale-leaseback transactions are as follows:


Fiscal Years	(In millions)
2026	$	4.0
2027	3.7
2028	18.4
2029	—
2030	—
Thereafter	—
Total minimum lease payments	26.1
Less: interest	(5.4)
Total financing obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$	19.3

Leases

The Company's lease cost for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


	2025		2024		2023
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	2.7	$	2.6	$	2.5
Interest on lease liabilities	2.7		2.9		2.8
Operating lease cost	81.9		74.1		75.3
Variable lease cost	7.9		8.0		7.8
Short-term lease cost	—		—		—
Lease cost	$	95.2	$	87.6	$	88.4

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

Other lease information is as follows:


	2025		2024		2023
	(In millions)
Assets obtained in exchange for operating lease obligations	$	72.3	$	109.4	$	47.9
Assets obtained in exchange for finance lease obligations	$	3.8	$	6.8	$	10.5


	2025		2024
	(In millions)
Weighted-average remaining lease term - operating leases	6.4 years		6.2 years
Weighted-average remaining lease term - finance leases	5.3 years		5.5 years
Weighted-average discount rate - operating leases	6.2	%	6.1	%
Weighted-average discount rate - finance leases	9.1	%	9.2	%

During the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company made the following cash payments for leases:


	2025		2024		2023
	(In millions)
Cash paid on operating leases	$	89.0	$	83.8	$	75.2
Cash paid on finance leases	5.0		5.6		6.4

The Company's income from operating leases for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Minimum lease payments	$	89.1	$	96.0	100.7
Variable lease income	17.1		17.4		17.5
Total operating lease income	$	106.2	$	113.4	$	118.2

The Company's income from real estate leases receivable at December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Selling profit	$	0.4	$	0.2	$	0.2
Interest income	1.2		1.2		1.1
Variable lease income	0.3		0.3		0.4
Total financing lease income	$	1.9	$	1.7	$	1.7

Future lease payments to be received as lessor under noncancellable real estate leases as of December 28, 2025 were as follows:



Fiscal Years	Sales-Type Leases		Operating Leases
	(in millions)
2026	$	2.7	$	88.8
2027	2.7		73.2
2028	2.7		58.9
2029	2.6		51.4
2030	2.5		47.2
Thereafter	11.5		158.5
Total minimum rents receivable	24.8		478.0
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	$	16.6

Sale-Leaseback Transaction

As of December 28, 2025, future minimum lease payments under financing obligations during the initial terms of the leases related to the sale-leaseback transactions are as follows:


Fiscal Years	(In millions)
2026	$	4.0
2027	3.7
2028	18.4
2029	—
2030	—
Thereafter	—
Total minimum lease payments	26.1
Less: interest	(5.4)
Total financing obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$	19.3

Leases

The Company's lease cost for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


	2025		2024		2023
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	2.7	$	2.6	$	2.5
Interest on lease liabilities	2.7		2.9		2.8
Operating lease cost	81.9		74.1		75.3
Variable lease cost	7.9		8.0		7.8
Short-term lease cost	—		—		—
Lease cost	$	95.2	$	87.6	$	88.4

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

Other lease information is as follows:


	2025		2024		2023
	(In millions)
Assets obtained in exchange for operating lease obligations	$	72.3	$	109.4	$	47.9
Assets obtained in exchange for finance lease obligations	$	3.8	$	6.8	$	10.5


	2025		2024
	(In millions)
Weighted-average remaining lease term - operating leases	6.4 years		6.2 years
Weighted-average remaining lease term - finance leases	5.3 years		5.5 years
Weighted-average discount rate - operating leases	6.2	%	6.1	%
Weighted-average discount rate - finance leases	9.1	%	9.2	%

During the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company made the following cash payments for leases:


	2025		2024		2023
	(In millions)
Cash paid on operating leases	$	89.0	$	83.8	$	75.2
Cash paid on finance leases	5.0		5.6		6.4

The Company's income from operating leases for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Minimum lease payments	$	89.1	$	96.0	100.7
Variable lease income	17.1		17.4		17.5
Total operating lease income	$	106.2	$	113.4	$	118.2

The Company's income from real estate leases receivable at December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Selling profit	$	0.4	$	0.2	$	0.2
Interest income	1.2		1.2		1.1
Variable lease income	0.3		0.3		0.4
Total financing lease income	$	1.9	$	1.7	$	1.7

Future lease payments to be received as lessor under noncancellable real estate leases as of December 28, 2025 were as follows:



Fiscal Years	Sales-Type Leases		Operating Leases
	(in millions)
2026	$	2.7	$	88.8
2027	2.7		73.2
2028	2.7		58.9
2029	2.6		51.4
2030	2.5		47.2
Thereafter	11.5		158.5
Total minimum rents receivable	24.8		478.0
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	$	16.6

Sale-Leaseback Transaction

As of December 28, 2025, future minimum lease payments under financing obligations during the initial terms of the leases related to the sale-leaseback transactions are as follows:


Fiscal Years	(In millions)
2026	$	4.0
2027	3.7
2028	18.4
2029	—
2030	—
Thereafter	—
Total minimum lease payments	26.1
Less: interest	(5.4)
Total financing obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$	19.3

Leases

The Company's lease cost for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


	2025		2024		2023
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	2.7	$	2.6	$	2.5
Interest on lease liabilities	2.7		2.9		2.8
Operating lease cost	81.9		74.1		75.3
Variable lease cost	7.9		8.0		7.8
Short-term lease cost	—		—		—
Lease cost	$	95.2	$	87.6	$	88.4

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

Other lease information is as follows:


	2025		2024		2023
	(In millions)
Assets obtained in exchange for operating lease obligations	$	72.3	$	109.4	$	47.9
Assets obtained in exchange for finance lease obligations	$	3.8	$	6.8	$	10.5


	2025		2024
	(In millions)
Weighted-average remaining lease term - operating leases	6.4 years		6.2 years
Weighted-average remaining lease term - finance leases	5.3 years		5.5 years
Weighted-average discount rate - operating leases	6.2	%	6.1	%
Weighted-average discount rate - finance leases	9.1	%	9.2	%

During the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company made the following cash payments for leases:


	2025		2024		2023
	(In millions)
Cash paid on operating leases	$	89.0	$	83.8	$	75.2
Cash paid on finance leases	5.0		5.6		6.4

The Company's income from operating leases for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Minimum lease payments	$	89.1	$	96.0	100.7
Variable lease income	17.1		17.4		17.5
Total operating lease income	$	106.2	$	113.4	$	118.2

The Company's income from real estate leases receivable at December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Selling profit	$	0.4	$	0.2	$	0.2
Interest income	1.2		1.2		1.1
Variable lease income	0.3		0.3		0.4
Total financing lease income	$	1.9	$	1.7	$	1.7

Future lease payments to be received as lessor under noncancellable real estate leases as of December 28, 2025 were as follows:



Fiscal Years	Sales-Type Leases		Operating Leases
	(in millions)
2026	$	2.7	$	88.8
2027	2.7		73.2
2028	2.7		58.9
2029	2.6		51.4
2030	2.5		47.2
Thereafter	11.5		158.5
Total minimum rents receivable	24.8		478.0
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	$	16.6

Sale-Leaseback Transaction

As of December 28, 2025, future minimum lease payments under financing obligations during the initial terms of the leases related to the sale-leaseback transactions are as follows:


Fiscal Years	(In millions)
2026	$	4.0
2027	3.7
2028	18.4
2029	—
2030	—
Thereafter	—
Total minimum lease payments	26.1
Less: interest	(5.4)
Total financing obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$	19.3

Revenues

12 Months Ended

Dec. 28, 2025

Revenue from Contract with Customer [Abstract]

Revenues

The following table disaggregates our franchise revenues by major type:


	2025		2024		2023
Franchise Revenues	(In millions)
Royalties	$	307.8	$	313.4	$	325.6
Advertising fees	281.8		290.4		300.8
Proprietary product sales and other	66.9		72.4		71.1
Franchise and development fees	9.0		9.7		8.9
Total franchise revenues	$	665.5	$	686.0	$	706.4

Changes in the Company's contract liability for deferred franchise and development fees during the year ended December 28, 2025 were as follows:


	Deferred Franchise Revenue (short- and long-term)
	(In millions)
Balance at December 29, 2024	$	42.7
Recognized during the year	(8.6)
Deferred during the year	5.7

Balance at December 28, 2025	$	39.8

The balance of deferred franchise revenue as of December 28, 2025 is expected to be recognized as follows:


Fiscal Years	(In millions)
2026	$	5.6
2027	4.7
2028	3.8
2029	3.3
2030	3.0
Thereafter	19.4
Total	$	39.8

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Net Income Per Share

12 Months Ended

Dec. 28, 2025

Earnings Per Share [Abstract]

Net Income Per Share

The computation of the Company's basic and diluted net income per share for the years then ended is as follows:



	2025		2024		2023
	(in millions, except per share data)
Numerator for basic and diluted income per common share
Net income	$	17.1	$	64.9	$	97.2
Less: Net income allocated to restricted stock	(1.1)		(1.9)		(2.3)
Net income available to common stockholders - basic and diluted	16.0		63.0		94.9


Denominator
Weighted average outstanding shares of common stock - basic	14.3		14.9		15.2


Weighted average outstanding shares of common stock - diluted	14.3		14.9		15.2
Net income per common share
Basic	$	1.11	$	4.22	$	6.23
Diluted	$	1.11	$	4.22	$	6.22

Stock-Based Incentive Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	May 14, 2022	May 14, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment award, options, exercises in period, intrinsic value			$ 1.1
Proceeds from stock options exercised	$ 0.0	$ 0.0	3.8
Tax benefit from option exercises			0.3
Stock-based compensation expense (credit)	15.9	16.3	10.6
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 0.8
Unrecognized compensation cost, period for recognition (in years)	9 months 18 days
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost	$ 14.6
Unrecognized compensation cost, period for recognition (in years)	1 year 4 months 24 days
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Stock-based compensation expense (credit)	$ 2.4	0.2	$ (1.4)
Employee-related liabilities	$ 3.3	$ 0.8
LTIP \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (in percent)	0.00%
LTIP \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (in percent)	200.00%
Officers, Directors, and Employees \| Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Share-based payment award, expiration period (in years)	10 years
Officers, Directors, and Employees \| Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Vesting share-based awards (in percent)	33.33%
2019 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company’s common stock for incentive stock awards (in shares)				2,020,000	2,050,000

Revenues - Schedule of Deferred Franchise Revenue Expected To Be Recognized (Details) $ in Millions	Dec. 28, 2025 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 39.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 5.6
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 4.7
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 3.8
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 3.3
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 3.0
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2031-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied	$ 19.4
Performance obligations expected to be satisfied, expected timing

Leases (Tables)

12 Months Ended

Dec. 28, 2025

Leases [Abstract]

Schedule of Components of Lease (Income) Cost and Other Lease Information and Weighted Average Lease Term and Rate of Finance and Operating Leases

The Company's lease cost for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


	2025		2024		2023
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	2.7	$	2.6	$	2.5
Interest on lease liabilities	2.7		2.9		2.8
Operating lease cost	81.9		74.1		75.3
Variable lease cost	7.9		8.0		7.8
Short-term lease cost	—		—		—
Lease cost	$	95.2	$	87.6	$	88.4

Other lease information is as follows:


	2025		2024		2023
	(In millions)
Assets obtained in exchange for operating lease obligations	$	72.3	$	109.4	$	47.9
Assets obtained in exchange for finance lease obligations	$	3.8	$	6.8	$	10.5


	2025		2024
	(In millions)
Weighted-average remaining lease term - operating leases	6.4 years		6.2 years
Weighted-average remaining lease term - finance leases	5.3 years		5.5 years
Weighted-average discount rate - operating leases	6.2	%	6.1	%
Weighted-average discount rate - finance leases	9.1	%	9.2	%

Schedule of Operating Lease Liability Future Maturity

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

Schedule of Future Minimum Lease Payments

Maturity analysis of the finance lease and operating lease liabilities as of December 28, 2025 were as follows:


	Finance Leases		Operating Leases
Fiscal Years	(In millions)
2026	$	7.6	$	91.7
2027	6.8		72.3
2028	5.3		56.1
2029	5.4		53.6
2030	4.9		48.5
Thereafter	19.0		156.4
Total minimum lease payments	49.0		478.6
Less: interest/imputed interest	(11.7)		(105.7)
Total obligations	37.3		372.9
Less: current portion	(5.1)		(67.6)
Long-term lease obligations	$	32.2	$	305.3

As of December 28, 2025, future minimum lease payments under financing obligations during the initial terms of the leases related to the sale-leaseback transactions are as follows:


Fiscal Years	(In millions)
2026	$	4.0
2027	3.7
2028	18.4
2029	—
2030	—
Thereafter	—
Total minimum lease payments	26.1
Less: interest	(5.4)
Total financing obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$	19.3

Schedule of Lease Payments

During the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company made the following cash payments for leases:


	2025		2024		2023
	(In millions)
Cash paid on operating leases	$	89.0	$	83.8	$	75.2
Cash paid on finance leases	5.0		5.6		6.4

Schedule of Operating Lease Income

The Company's income from operating leases for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Minimum lease payments	$	89.1	$	96.0	100.7
Variable lease income	17.1		17.4		17.5
Total operating lease income	$	106.2	$	113.4	$	118.2

Schedule of Income From Direct Financing Leases

The Company's income from real estate leases receivable at December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:



	2025		2024		2023
	(In millions)
Selling profit	$	0.4	$	0.2	$	0.2
Interest income	1.2		1.2		1.1
Variable lease income	0.3		0.3		0.4
Total financing lease income	$	1.9	$	1.7	$	1.7

Schedule of Future Minimum Payments to be Received as Lessor Under Noncancelable Direct Financing Leases

Future lease payments to be received as lessor under noncancellable real estate leases as of December 28, 2025 were as follows:



Fiscal Years	Sales-Type Leases		Operating Leases
	(in millions)
2026	$	2.7	$	88.8
2027	2.7		73.2
2028	2.7		58.9
2029	2.6		51.4
2030	2.5		47.2
Thereafter	11.5		158.5
Total minimum rents receivable	24.8		478.0
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	$	16.6

Goodwill - Schedule of Gross And Net Carrying Amounts Of Goodwill (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Jan. 01, 2023
Goodwill [Line Items]
Net	$ 249.6	$ 248.6
Operating Segments
Goodwill [Line Items]
Gross	707.2	706.2
Accumulated Impairment Loss	(457.6)	(457.6)
Net	249.6	248.6	$ 254.1	$ 254.0
Operating Segments \| Franchise Segment
Goodwill [Line Items]
Gross	704.6	704.6
Accumulated Impairment Loss	(457.6)	(457.6)
Net	247.0	247.0	254.1	254.0
Operating Segments \| Company-Owned Restaurants Segment
Goodwill [Line Items]
Gross	2.6	1.6
Accumulated Impairment Loss	0.0	0.0
Net	$ 2.6	$ 1.6	$ 0.0	$ 0.0

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Revenues:
Rental revenues	$ 109.3	$ 117.1	$ 122.6
Total revenues	879.3	812.3	831.1
Cost of revenues:
Franchise expenses	323.2	339.9	344.4
Company-owned restaurant expenses	112.6	9.9	2.1
Rental expenses	84.2	87.2	87.8
Total cost of revenues	520.0	437.0	434.4
Gross profit	359.3	375.3	396.7
General and administrative expenses	203.8	196.7	198.1
Interest expense, net	78.0	72.1	70.0
Closure and impairment charges	40.0	9.2	3.6
Amortization of intangible assets	11.9	10.8	10.9
Loss on extinguishment of debt	0.9	0.0	0.0
(Gain) loss on disposition of assets	(0.5)	(3.2)	2.4
Income before income taxes	25.2	89.5	111.7
Income tax provision	(8.1)	(24.7)	(14.5)
Net income	17.1	64.9	97.2
Other comprehensive income, net of tax:
Foreign currency translation adjustment	0.0	0.0	0.0
Total comprehensive income	17.1	64.9	97.2
Net income available to common stockholders:
Net income	17.1	64.9	97.2
Less: Net income allocated to unvested restricted stock	(1.1)	(1.9)	(2.3)
Net income available to common stockholders	16.0	63.0	94.9
Net income available to common stockholders	$ 16.0	$ 63.0	$ 94.9
Net income available to common stockholders per share:
Basic (in dollars per share)	$ 1.11	$ 4.22	$ 6.23
Diluted (in dollars per share)	$ 1.11	$ 4.22	$ 6.22
Weighted average shares outstanding:
Basic (in shares)	14.3	14.9	15.2
Diluted (in shares)	14.3	14.9	15.2
Franchise Revenues
Revenues:
Revenue from contract with customer	$ 665.5	$ 686.0	$ 706.4
Royalties, franchise fees and other
Revenues:
Revenue from contract with customer	383.7	395.5	405.6
Advertising revenues
Revenues:
Revenue from contract with customer	281.8	290.4	300.8
Company-owned restaurant revenues
Revenues:
Revenue from contract with customer	104.6	9.3	2.1
Advertising expenses
Revenues:
Revenue from contract with customer	281.8	290.4	300.8
Cost of revenues:
Franchise expenses	278.8	295.3	301.0
Other franchise expenses
Cost of revenues:
Franchise expenses	$ 44.4	$ 44.6	$ 43.4

Income Taxes - Schedule of Income Taxes Paid, Net of Refunds By Jurisdiction (Details) $ in Millions	12 Months Ended
	Dec. 28, 2025 USD ($)
Income Tax Disclosure [Abstract]
United States - Federal	$ 10.9
United States - State and local	3.3
Total U.S. Federal, State and local	14.2
Foreign	1.7
Total income taxes paid, net of refunds	$ 15.9

Subsequent Events (Details) - $ / shares		3 Months Ended												12 Months Ended
Subsequent Events (Details) - $ / shares	Feb. 20, 2026	Dec. 28, 2025	Sep. 30, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 29, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)		$ 0.19	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 1.72	$ 2.04	$ 2.04
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)	$ 0.19

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 28, 2025

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The components of cash and cash equivalents were as follows:


	December 28, 2025		December 29, 2024
	(In millions)
Money market funds	$	2.0	$	35.0
Other depository accounts, including IHOP advertising and gift card	126.2		151.7


Total cash and cash equivalents	$	128.2	$	186.7

Schedule of Components of Restricted Cash

The components of current restricted cash were as follows:


	December 28, 2025		December 29, 2024
	(In millions)
Securitized debt reserves	$	46.0	$	40.0
Applebee's and Fuzzy's advertising funds	5.5		2.4

Total current restricted cash	$	51.5	$	42.4

Schedule of General Range of Depreciable and Amortizable Property and Equipment Lives

Generally, the estimated useful lives are as follows:


Category						Depreciable Life
Buildings and improvements						25 to 40 years
Leaseholds and improvements						Shorter of primary lease term or useful life (up to 40 years)
Equipment and fixtures						Three to five years
Internal-use software						Three to 10 years
Properties under finance leases						Greater of lease term or remaining useful life
Finite-lived intangible assets						10 to 15 years

Schedule of Fair Value of Financial Instruments

The Company believes the fair value of the Credit Facility approximates its carrying value as it is based on the Secured Overnight Financing Rate ("SOFR") or prevailing benchmark rate. The fair value of the Company's long-term debt, excluding the Credit Facility, is based on quoted market prices which represent Level 1 inputs. The fair value of the Company's long-term debt, excluding the Credit Facility, as of December 28, 2025 and December 29, 2024 were as follows:


	December 28, 2025		December 29, 2024
	(In millions)
Face Value	$	1,100.0	$	1,094.0
Fair Value	$	1,112.3	$	1,095.5

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Numerator for basic and diluted income per common share
Net income	$ 17.1	$ 64.9	$ 97.2
Less: Net income allocated to restricted stock	(1.1)	(1.9)	(2.3)
Net income available to common stockholders - basic	16.0	63.0	94.9
Net income available to common stockholders - diluted	$ 16.0	$ 63.0	$ 94.9
Denominator
Weighted average outstanding shares of common stock - basic (in shares)	14.3	14.9	15.2
Weighted average outstanding shares of common stock - diluted (in shares)	14.3	14.9	15.2
Net income per common share
Basic (in dollars per share)	$ 1.11	$ 4.22	$ 6.23
Diluted (in dollars per share)	$ 1.11	$ 4.22	$ 6.22

Stockholders' Deficit (Tables)

12 Months Ended

Dec. 28, 2025

Equity [Abstract]

Schedule of Repurchase Agreements

A summary of shares repurchased under the current 2022 Repurchase Program and prior programs, during the years ended December 28, 2025, December 29, 2024 and December 31, 2023 is as follows:


	Shares	Cost of shares
		(In millions)

Repurchased during the year ended December 28, 2025	2,352,636	$	60.1
Repurchased during the year ended December 29, 2024	269,621	$	12.0
Repurchased during the year ended December 31, 2023	446,189	$	26.1
Repurchases prior to fiscal year 2023	1,149,589	$	78.7

Cumulative repurchases	4,218,035	$	176.8
Remaining value of shares that may be repurchased under the 2022 Repurchase Program	n/a	$	73.2

Schedule of Dividends Declared

During the fiscal years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company declared and paid dividends on common stock as follows:


Year ended December 28, 2025	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid
					(In millions)		(In millions)
Payment of prior year declaration	n/a	January 7, 2025	$	—	$	7.8	$	7.8
First quarter	February 21, 2025	April 4, 2025	0.51		8.0		8.0
Second quarter	May 14, 2025	July 9, 2025	0.51		7.8		7.8
Third quarter	September 4, 2025	October 8, 2025	0.51		7.4		7.4
Fourth quarter	November 5, 2025	January 7, 2026	0.19		2.5		—
Total			$	1.72	$	33.5	$	31.0


Year ended December 29, 2024	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid

Payment of prior year declaration	n/a	January 5, 2024	$	—	$	7.7	$	7.7
First quarter	February 26, 2024	April 5, 2024	0.51		7.9		7.9
Second quarter	May 14, 2024	July 5, 2024	0.51		7.8		7.8
Third quarter	September 5, 2024	October 8, 2024	0.51		7.8		7.8
Fourth quarter	November 22, 2024	January 7, 2025	0.51		7.8		—
Total			$	2.04	$	39.0	$	31.3


Year ended December 31, 2023	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid
Payment of prior year declaration	n/a	January 6, 2023	$	—	$	8.0	$	8.0
First quarter	February 21, 2023	March 31, 2023	0.51		8.0		8.0
Second quarter	May 11, 2023	July 7, 2023	0.51		7.9		7.9
Third quarter	September 7, 2023	September 29, 2023	0.51		7.8		7.8
Fourth quarter	November 30, 2023	January 5, 2024	0.51		7.7		$	—
Total			$	2.04	$	39.4	$	31.7

Employee Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Defined Contribution Plan Disclosure [Line Items]
Matching contribution expense	$ 3.8	$ 3.4	$ 3.3
First Tier of Deferral
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of match (in percent)	100.00%
Employer matching contribution, percent of employees' eligible compensation deferral	4.00%
Second Tier of Deferral
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution, percent of match (in percent)	50.00%
Employer matching contribution, percent of employees' eligible compensation deferral	2.00%

Leases - Schedule of Income From Direct Financing Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Leases [Abstract]
Selling profit	$ 0.4	$ 0.2	$ 0.2
Interest income	1.2	1.2	1.1
Variable lease income	0.3	0.3	0.4
Total financing lease income	$ 1.9	$ 1.7	$ 1.7
Direct Financing Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Rental revenues	Rental revenues	Rental revenues

Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 28, 2025 USD ($) restaurant franchisee	Dec. 29, 2024 USD ($)	Dec. 28, 2025 USD ($) restaurant franchisee segment Rate	Dec. 29, 2024 USD ($)	Dec. 31, 2023
Concentration Risk [Line Items]
Non-current restricted cash \| $	$ 22.0	$ 19.5	$ 22.0	$ 19.5
Goodwill impairment \| $			$ 0.0	7.1
Share based compensation arrangement by share based payment award forfeiture rate (in percent) \| Rate			14.00%
Number of operating segments \| segment			6
Number of reporting segments \| segment			3
Tradenames
Concentration Risk [Line Items]
Impairment \| $	$ 29.0		$ 29.0	$ 0.0
Applebee's
Concentration Risk [Line Items]
Number of restaurants	1,579		1,579
Applebee's \| Franchise
Concentration Risk [Line Items]
Number of restaurants	1,520		1,520
Applebee's \| Company-Owned Restaurants
Concentration Risk [Line Items]
Number of restaurants	59		59
IHOP
Concentration Risk [Line Items]
Number of restaurants	1,824		1,824
IHOP \| Franchise
Concentration Risk [Line Items]
Number of restaurants	1,812		1,812
IHOP \| Company-Owned Restaurants
Concentration Risk [Line Items]
Number of restaurants	12		12
Fuzzy's
Concentration Risk [Line Items]
Number of restaurants	106		106
Goodwill impairment \| $		7.1
Fuzzy's \| Franchise
Concentration Risk [Line Items]
Number of restaurants	105		105
Fuzzy's \| Company-Owned Restaurants
Concentration Risk [Line Items]
Number of restaurants	1		1
Sales Revenue, Net \| Revenue from Rights Concentration Risk \| Largest Franchisees
Concentration Risk [Line Items]
Concentration risk (in percent)			19.00%	22.20%	21.10%
Sales Revenue, Net \| Revenue from Rights Concentration Risk \| Largest Franchisees \| Franchisee One
Concentration Risk [Line Items]
Concentration risk (in percent)			13.50%	14.40%	13.90%
Accounts Receivable \| Revenue from Rights Concentration Risk \| Largest Franchisees
Concentration Risk [Line Items]
Net accounts receivable \| $	$ 20.0	$ 20.1	$ 20.0	$ 20.1
Domestic \| Sales Revenue, Net \| Revenue from Rights Concentration Risk \| Largest Franchisees
Concentration Risk [Line Items]
Number of franchisees \| franchisee	2		2
Number of restaurants	780		780
Concentration risk (in percent)			24.50%
Domestic \| Sales Revenue, Net \| Revenue from Rights Concentration Risk \| Largest Franchisees \| Applebee's
Concentration Risk [Line Items]
Number of franchisees \| franchisee	1		1
Domestic \| Sales Revenue, Net \| Revenue from Rights Concentration Risk \| Largest Franchisees \| Cross-Brand Ownership Franchise
Concentration Risk [Line Items]
Number of franchisees \| franchisee	1		1

Leases - Schedule of Operating Lease Liability Future Maturity and Future Minimum Lease Payments (Details) $ in Millions	Dec. 28, 2025 USD ($)
Finance Leases
2026	$ 7.6
2027	6.8
2028	5.3
2029	5.4
2030	4.9
Thereafter	19.0
Total minimum lease payments	49.0
Less: interest/imputed interest	(11.7)
Total obligations	37.3
Less: current portion	$ (5.1)
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of finance leases
Long-term lease obligations	$ 32.2
Operating Leases
2026	91.7
2027	72.3
2028	56.1
2029	53.6
2030	48.5
Thereafter	156.4
Total minimum lease payments	478.6
Less: interest/imputed interest	(105.7)
Total obligations	372.9
Less: current portion	(67.6)
Long-term lease obligations	$ 305.3

The Company	12 Months Ended
The Company	Dec. 28, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	The Company The Company owns, franchises and operates three restaurant concepts: IHOP®, in the full-service family dining category; Applebee's Neighborhood Grill + Bar® (“Applebee's”), in the full-service casual dining category; and Fuzzy’s Taco Shop®, in the limited service fast-casual dining category of the restaurant industry. As of December 28, 2025, there were 1,824 IHOP restaurants, of which 1,658 were subject to franchise agreements, 154 were subject to area license agreements and 12 were company-owned. These IHOP restaurants were located in 48 states of the United States, the District of Columbia, two United States territories and 17 countries outside the United States. As of December 28, 2025, there were 1,579 Applebee's® restaurants, of which 1,520 were subject to franchise agreements and 59 were company-owned. These Applebee's restaurants were located in 49 states of the United States, two United States territories and 17 countries outside the United States. As of December 28, 2025, the Company had 106 Fuzzy's restaurants in 14 states of the United States, of which 105 were subject to franchise agreements and one was company-owned. References herein to IHOP, Applebee's and Fuzzy's restaurants are to these restaurant concepts, whether operated by franchisees, area licensees or the Company.

Revenues - Schedule of Changes In Deferred Franchise Revenue (Details) $ in Millions	12 Months Ended
	Dec. 28, 2025 USD ($)
Deferred Franchise Revenue (short- and long-term)
Balance at December 29, 2024	$ 42.7
Recognized during the year	(8.6)
Deferred during the year	5.7
Balance at December 28, 2025	$ 39.8

Stockholders' Deficit

12 Months Ended

Dec. 28, 2025

Equity [Abstract]

Stockholders' Deficit

Stock Repurchase Programs

On February 17, 2022, the Company's Board of Directors authorized a share repurchase program, effective April 1, 2022, of up to $250 million (the “2022 Repurchase Program”). In connection with the approval of the 2022 Repurchase Program, all prior repurchase programs terminated effective April 1, 2022.

A summary of shares repurchased under the current 2022 Repurchase Program and prior programs, during the years ended December 28, 2025, December 29, 2024 and December 31, 2023 is as follows:


	Shares	Cost of shares
		(In millions)

Repurchased during the year ended December 28, 2025	2,352,636	$	60.1
Repurchased during the year ended December 29, 2024	269,621	$	12.0
Repurchased during the year ended December 31, 2023	446,189	$	26.1
Repurchases prior to fiscal year 2023	1,149,589	$	78.7

Cumulative repurchases	4,218,035	$	176.8
Remaining value of shares that may be repurchased under the 2022 Repurchase Program	n/a	$	73.2

Dividends

During the fiscal years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company declared and paid dividends on common stock as follows:


Year ended December 28, 2025	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid
					(In millions)		(In millions)
Payment of prior year declaration	n/a	January 7, 2025	$	—	$	7.8	$	7.8
First quarter	February 21, 2025	April 4, 2025	0.51		8.0		8.0
Second quarter	May 14, 2025	July 9, 2025	0.51		7.8		7.8
Third quarter	September 4, 2025	October 8, 2025	0.51		7.4		7.4
Fourth quarter	November 5, 2025	January 7, 2026	0.19		2.5		—
Total			$	1.72	$	33.5	$	31.0


Year ended December 29, 2024	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid

Payment of prior year declaration	n/a	January 5, 2024	$	—	$	7.7	$	7.7
First quarter	February 26, 2024	April 5, 2024	0.51		7.9		7.9
Second quarter	May 14, 2024	July 5, 2024	0.51		7.8		7.8
Third quarter	September 5, 2024	October 8, 2024	0.51		7.8		7.8
Fourth quarter	November 22, 2024	January 7, 2025	0.51		7.8		—
Total			$	2.04	$	39.0	$	31.3


Year ended December 31, 2023	Declaration Date	Payment Date	Dividends declared per share		Total dividends declared		Total dividends paid
Payment of prior year declaration	n/a	January 6, 2023	$	—	$	8.0	$	8.0
First quarter	February 21, 2023	March 31, 2023	0.51		8.0		8.0
Second quarter	May 11, 2023	July 7, 2023	0.51		7.9		7.9
Third quarter	September 7, 2023	September 29, 2023	0.51		7.8		7.8
Fourth quarter	November 30, 2023	January 5, 2024	0.51		7.7		$	—
Total			$	2.04	$	39.4	$	31.7

Dividends declared on common stock are recorded as a reduction of retained earnings.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Statement of Financial Position [Abstract]
Receivables, allowance for credit loss	$ 5.1	$ 3.4
Long-term receivables, allowance for credit loss	$ 1.2	$ 1.4
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	24,623,226	24,756,637
Common stock, shares outstanding (in shares)	13,326,537	15,273,210
Treasury stock, shares (in shares)	11,296,689	9,483,427

Property and Equipment (Tables)

12 Months Ended

Dec. 28, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property and equipment by category:


	December 28, 2025		December 29, 2024
	(In millions)
Leaseholds and improvements	$	226.2	$	222.2
Properties under finance leases	56.5		57.5
Equipment and fixtures	20.1		15.2
Buildings and improvements	44.9		48.2
Construction in progress	16.4		4.3
Internal-use software	74.0		71.5
Land	40.3		44.4
Property and equipment, gross	478.4		463.3
Less: accumulated depreciation and amortization	(317.9)		(307.2)
Property and equipment, net	$	160.5	$	156.1

Other Intangible Assets

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

Changes in the balance for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 are as follows:


	Tradenames		Franchising Rights		Other		Total
	(In millions)


















Balance at December 31, 2023	525.2		53.0		7.8		586.0

Amortization expense	—		(10.7)		(0.1)		(10.8)
Additions	—		—		0.8		0.8
Disposition	—		—		(0.3)		(0.3)
Balance at December 29, 2024	525.2		42.3		8.2		575.7
Impairment	(29.0)		—		(2.8)		(31.8)
Amortization expense	—		(10.7)		(1.1)		(11.9)
Additions	—		—		2.1		2.1

Balance at December 28, 2025	$	496.2	$	31.6	$	6.3	$	534.1

The $29.0 million Fuzzy's tradename impairment recorded in Closure and impairment charges in the Consolidated Statements of Comprehensive Income in fiscal year 2025 was determined by comparing the carrying amount of tradename to its fair value.

Gross and net carrying amounts of intangible assets subject to amortization and the respective weighted average amortization period at December 28, 2025 and December 29, 2024 are as follows:


	December 28, 2025							December 29, 2024
	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period
	(In millions)							(In millions)
Franchising rights	$	214.8	$	(183.2)	$	31.6	7.9	$	214.8	$	(172.5)	$	42.3	7.6



Other	2.2		(1.2)		1.0		9.1	3.9		(0.7)		3.2		10.5
Total	$	217.0	$	(184.4)	$	32.6	7.9	$	218.7	$	(173.2)	$	45.5	7.8

Given the recent performance of the business, the Company reassessed the Fuzzy's tradename's life and determined it to be finite. The estimated annual amortization expense of the Fuzzy's tradename and other intangible assets is as follows:


	Franchising rights		Tradename and other		Total
	(In millions)

2026	$	11.3	$	3.0	$	14.2
2027	10.3		2.9		13.1
2028	1.3		2.9		4.1
2029	1.3		2.9		4.1
2030	1.3		2.9		4.1
Thereafter	6.3		14.3		20.6

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 28, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments In some instances, the Company enters into commitments to purchase advertising and other items. Most of these agreements are fixed price purchase commitments. As of December 28, 2025, the outstanding purchase commitments were $104.4 million, of which $82.6 million related to advertising over the next twelve months. Lease Guarantees In connection with refranchising restaurants to franchisees, in certain cases the Company has guaranteed lease payments. As of December 28, 2025 and December 29, 2024 the notional amount of lease guarantees by the Company were $323.1 million and $345.0 million, respectively. Excluding unexercised option periods, the Company's potential liability for future payments under these leases were $83.1 million and $90.5 million as of December 28, 2025 and December 29, 2024, respectively. These amounts represent the maximum potential liability of future payments under these leases. These leases expire at the end of the respective lease terms, which range from 2026 through 2058. In the event of default, the indemnity and default clauses in our sale or assignment agreements govern our ability to pursue and recover damages incurred. No material liabilities for these guarantees have been recorded as of December 28, 2025. Litigation, Claims and Disputes The Company is subject to various lawsuits, governmental inspections, administrative proceedings, audits, and claims arising in the ordinary course of business. Some of these lawsuits purport to be class actions and/or seek substantial damages. The Company is required to record an accrual for litigation loss contingencies that are both probable and reasonably estimable. Legal fees and expenses associated with the defense of the Company's litigation are expensed as incurred. In the opinion of management, these matters are adequately covered by insurance or, if not so covered, are without merit or are of such a nature or involve amounts that would not have a material adverse impact on the Company's business or consolidated financial statements. Management regularly assesses the Company's insurance deductibles, analyzes litigation information with the Company's attorneys and evaluates its loss experience in connection with pending legal proceedings. While the Company does not presently believe that any of the legal proceedings to which the Company is currently a party will ultimately have a material adverse impact on the Company, there can be no assurance that the Company will prevail in all the proceedings the Company is party to, or that the Company will not incur material losses from them. Letters of Credit The Company provides letters of credit, primarily to various insurance carriers to collateralize obligations for outstanding claims. As of December 28, 2025, the Company had approximately $0.6 million of unused letters of credit outstanding that reduce the Company's available borrowing under its Credit Facility. These letters of credit expire on various dates in 2026 and are automatically renewed for an additional year if no cancellation notice is submitted.

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 28, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	The primary objective of our security program is to prevent, detect and respond to security risks and threats to protect the confidentiality, integrity and availability of our information systems and our sensitive data. Our cybersecurity program approach is risk-based, using continuous threat modeling to help us identify, track and measure our progress to reduce security risk based on three pillars: •Prevention, through planning and designing solutions to implement security controls. The security functions that support prevention efforts are aligned with security architecture, strategy and risk management activities; •Detection and response activities, which enable us to discover and respond to cybersecurity events in a timely manner. When a potentially damaging or threatening cybersecurity event is detected, our security operations team, focused on delivering detection and response services, executes the appropriate cybersecurity incident response plan; and •Governance and compliance, through cross-functional engagement, good operational hygiene and consistent discipline. Ongoing stakeholder collaboration, communications and training within a well-defined policy framework aligned with industry standards is foundational for strong governance and effective compliance. As part of the policy framework, operating procedures are kept up-to-date to reflect the current state of execution and to drive investment and iterative improvements in the highest priority areas of the security program. See Governance below for additional detail. Our program framework and foundation are based on common security standards and frameworks, including ISO/IEC 27001/2:2022 and NIST Cyber Resiliency Framework and Model, in alignment with PCI DSS, privacy laws and regulatory requirements. Our information and cybersecurity policy, standards, strategy, roadmap and processes are aligned with industry-recognized security risk management framework and practices, including detailed tasks, plans and initiatives, which are reviewed and updated periodically, and at least annually. Our program also incorporates incident response plans and notification protocols, to assess and manage security incidents and threats, including their materiality. Our cybersecurity program uses layered security defenses, cyber resiliency and automation capabilities for our security functions and operations. Our cybersecurity roadmap outlines and defines the security initiatives, projects and tasks. Security investments and projects are discussed by the Security Steering Committee (“SSC”). We engage with a range of third-party cybersecurity service providers, assessors and auditors to evaluate and enhance the effectiveness of our cybersecurity program. Services provided by these third parties include 24/7 security logging, network and endpoint monitoring, vulnerability scanning, penetration testing, security incident response tabletop exercises and security and compliance posture assessments. Vendor security monitoring is an important component of our cybersecurity program to ensure our vendors are securing and protecting our critical infrastructure, data, and information, integrated with our contract management process, including security addenda and vendor security risk assessments for new contracts and annual vendor security risk assessments for critical vendors. Our security incident response plan provides guidelines and requirements for reasonable and consistent responses to security incidents to limit damage while preserving the confidentiality, integrity and availability of Company systems and information, and reducing recovery time and cost, including but not limited to, escalation of security incidents to appropriate team members for investigation and response and documenting the required steps for investigation and remediation taken during the security incident response. We perform an annual tabletop exercise led by third-party security experts with participation from executive management and technical internal teams. Our employees and vendor partners are also trained to report any security events to the cybersecurity team, who will escalate and notify the legal team, senior executives, and Board of Directors as needed. As of the date of this report, we are not aware of any actively exploited security risks from cybersecurity threats, including as a result of any previous cybersecurity incidents that have materially affected or are reasonably likely to materially affect the Company, including our business strategy, results of operations, or financial condition. Governance Our cybersecurity risk management program is informed by legal and regulatory requirements and considerations. Cybersecurity risks are included as an integral part of our broader Enterprise Risk Management (“ERM”) program and reviewed regularly by internal stakeholders comprised of a cross-functional team to assess the risk level and strength of our mitigation strategies. Our cybersecurity risk assessment is performed regularly throughout the year, and may include: •Regular cybersecurity program, risk and incidents reporting to the Board of Directors; •Regular cybersecurity risk reporting to the Enterprise Risk Committee, which includes the Company's Chief Executive Officer, Chief Financial Officer, Senior Vice President, Legal, General Counsel & Secretary, Internal Audit, Chief Information Officer and Chief Information Security Officer ("CISO"); and •Routine Security Steering Committee meetings with members from the Company's cybersecurity, ERM, Information Technology (“IT”), internal audit and legal teams.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our cybersecurity risk management program is informed by legal and regulatory requirements and considerations. Cybersecurity risks are included as an integral part of our broader Enterprise Risk Management (“ERM”) program and reviewed regularly by internal stakeholders comprised of a cross-functional team to assess the risk level and strength of our mitigation strategies.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our CISO leads our cybersecurity team and is generally responsible for management of cybersecurity risk and the protection and defense of our networks and systems. Our CISO has 30 years of experience serving in various roles related to cybersecurity and information security. The SSC, chaired by our CISO, is comprised of executive level representatives from our IT, legal, enterprise risk management and internal audit teams and is responsible for oversight, evaluation and coordination of activities related to safeguards, security risk, controls, remediation activities, policy governance and other related security program activities. The Board of Directors is responsible for overseeing overall risk management for the Company. The Audit Committee receives reports from the CISO regarding the cybersecurity program. The presented topics include, but are not limited to, the status of ongoing cybersecurity initiatives, incident reports and compliance with industry standards. Members of the Board of Directors also engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy programs.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board of Directors is responsible for overseeing overall risk management for the Company. The Audit Committee receives reports from the CISO regarding the cybersecurity program. The presented topics include, but are not limited to, the status of ongoing cybersecurity initiatives, incident reports and compliance with industry standards. Members of the Board of Directors also engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy programs.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee receives reports from the CISO regarding the cybersecurity program. The presented topics include, but are not limited to, the status of ongoing cybersecurity initiatives, incident reports and compliance with industry standards. Members of the Board of Directors also engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy programs.
Cybersecurity Risk Role of Management [Text Block]	Our CISO leads our cybersecurity team and is generally responsible for management of cybersecurity risk and the protection and defense of our networks and systems. Our CISO has 30 years of experience serving in various roles related to cybersecurity and information security. The SSC, chaired by our CISO, is comprised of executive level representatives from our IT, legal, enterprise risk management and internal audit teams and is responsible for oversight, evaluation and coordination of activities related to safeguards, security risk, controls, remediation activities, policy governance and other related security program activities.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CISO leads our cybersecurity team and is generally responsible for management of cybersecurity risk and the protection and defense of our networks and systems. Our CISO has 30 years of experience serving in various roles related to cybersecurity and information security. The SSC, chaired by our CISO, is comprised of executive level representatives from our IT, legal, enterprise risk management and internal audit teams and is responsible for oversight, evaluation and coordination of activities related to safeguards, security risk, controls, remediation activities, policy governance and other related security program activities.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has 30 years of experience serving in various roles related to cybersecurity and information security.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Regular cybersecurity risk reporting to the Enterprise Risk Committee, which includes the Company's Chief Executive Officer, Chief Financial Officer, Senior Vice President, Legal, General Counsel & Secretary, Internal Audit, Chief Information Officer and Chief Information Security Officer ("CISO"); and •Routine Security Steering Committee meetings with members from the Company's cybersecurity, ERM, Information Technology (“IT”), internal audit and legal teams. Our CISO leads our cybersecurity team and is generally responsible for management of cybersecurity risk and the protection and defense of our networks and systems. Our CISO has 30 years of experience serving in various roles related to cybersecurity and information security. The SSC, chaired by our CISO, is comprised of executive level representatives from our IT, legal, enterprise risk management and internal audit teams and is responsible for oversight, evaluation and coordination of activities related to safeguards, security risk, controls, remediation activities, policy governance and other related security program activities. The Board of Directors is responsible for overseeing overall risk management for the Company. The Audit Committee receives reports from the CISO regarding the cybersecurity program. The presented topics include, but are not limited to, the status of ongoing cybersecurity initiatives, incident reports and compliance with industry standards. Members of the Board of Directors also engage in ad hoc conversations with management on cybersecurity-related news events and discuss any updates to our cybersecurity risk management and strategy programs.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Leases - Schedule of Future Minimum Lease Payments (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Lessee, Lease, Description [Line Items]
2026	$ 7.6
2027	6.8
2028	5.3
2029	5.4
2030	4.9
Thereafter	19.0
Total minimum lease payments	49.0
Less: interest	(11.7)
Total obligations	37.3
Less: current portion	(5.1)
Long-term financing obligations	32.2	$ 34.3
Sale-Leaseback Transactions
Lessee, Lease, Description [Line Items]
2026	4.0
2027	3.7
2028	18.4
2029	0.0
2030	0.0
Thereafter	0.0
Total minimum lease payments	26.1
Less: interest	(5.4)
Total obligations	20.7
Less: current portion	(1.5)
Long-term financing obligations	$ 19.3

Business Acquisition

12 Months Ended

Dec. 28, 2025

Business Combination [Abstract]

Business Acquisition

From time to time, the Company may acquire restaurants from franchisees to invest in the system, improve operations through innovation tests and create a blueprint for franchisee success and growth.

2025 Acquisitions

On March 5, 2025, the Company entered into an agreement with an IHOP franchisee to acquire 10 IHOP restaurants across Ohio and Kentucky for $0.2 million of consideration. Due to the fair value of the assets acquired exceeding the consideration transferred, the transaction resulted in a $0.2 million gain on bargain purchase, recorded in general and administrative expenses in the Condensed Consolidated Statements of Comprehensive Income for the year ended December 28, 2025.

On May 19, 2025, the Company entered into an agreement with an Applebee's franchisee to acquire 12 Applebee's restaurants across Kentucky, Indiana, Arkansas, and Oklahoma for $1.3 million of consideration. The following table summarizes the estimated fair value of net assets acquired at the date of acquisition:


	(In millions)
Off-market leases	$	1.2
Cash	0.9
Inventory and other current assets	0.4
Total identifiable assets acquired	2.5
Liabilities assumed	(2.8)
Net identifiable liabilities acquired	(0.3)
Goodwill	1.6
Consideration transferred	$	1.3

The excess of the purchase price over the fair value of identifiable net assets acquired amounted to $1.6 million. During the allowable allocation period in 2025, the Company recorded a $0.1 million purchase price adjustment. The goodwill allocated to the Company-owned restaurants Segment of $1.7 million as of December 28, 2025 is deductible for federal income tax purposes.

2024 Acquisitions

On November 11, 2024, the Company entered into an agreement with a former Applebee's franchisee to acquire 15 Applebee's restaurants. The transaction was structured as a non-cash transaction, for no consideration transferred by the Company. This resulted in a $0.6 million gain on bargain purchase, which was recognized in the General and administrative expenses in the Consolidated Statements of Comprehensive Income for the year ended December 29, 2024.

The following table summarizes the estimated fair value of net assets acquired at the date of acquisition:


	(In millions)

Equipment and fixtures	$	1.1
Inventory and other current assets	0.2
Total identifiable assets acquired	1.3
Liabilities assumed	(0.7)

Bargain purchase gain	$	0.6

On November 19, 2024, the Company entered into an agreement with an Applebee's franchisee to acquire 41 Applebee's restaurants for consideration transferred of $8.3 million.

The following table summarizes the recognized amount of assets acquired and liabilities assumed as of the date of acquisition:


	(In millions)



Equipment and fixtures	$	12.0
Inventory and other current assets	0.9
Reacquired franchise rights	0.3
Off-market leases	(4.1)
Total identifiable assets acquired	9.1


Liabilities assumed	(3.6)

Total identifiable net assets	5.5
Goodwill	2.8
Consideration transferred	$	8.3

The excess of the purchase price over the fair value of identifiable net assets acquired amounted to $2.8 million. During the allowable allocation period in 2025, the Company recorded a $(1.0) million purchase price adjustment.

The results of operation of these restaurants are included in the Company's consolidated results from the acquisition date. The Company has not presented pro forma results of the restaurants for periods prior to the acquisition because the business is not considered significant as measured by the amount of the Company's investment in and assets of the business relative to the Company's consolidated balance sheet and by the income before income taxes of the business relative to the Company's average consolidated income before income taxes for the most recent five-year period excluding loss years.

- Definition

The entire disclosure for business combination.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 38
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-38

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 46
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-46

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 43
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-43

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 45
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-45

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-29

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 29
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-29

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-4

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 40
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479326/805-40-45-1

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-30/tableOfContent

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-20/tableOfContent

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-7

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/805-10/tableOfContent

+ Details

Stock-Based Incentive Plans - Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity classified awards expense	$ 13.4	$ 16.0	$ 12.0
Liability classified awards expense	2.5	0.3	(1.4)
Total stock-based compensation expense	$ 15.9	$ 16.3	$ 10.6

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Details) - Level 2 - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Face Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed rate senior secured notes	$ 1,100.0	$ 1,094.0
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed rate senior secured notes	$ 1,112.3	$ 1,095.5

- Definition

The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 28, 2025

Income Tax Disclosure [Abstract]

Schedule of Provision For Income Taxes

The income from continuing operations before income taxes and provision (benefit) for income taxes for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


Income from continuing operations before income tax expense (benefit)
	2025		2024		2023
	(In millions)
U.S.(1)	$	24.9	$	88.7	$	110.9
Foreign	0.3		0.8		0.8
Total	$	25.2	$	89.5	$	111.7

Income tax expense (benefit) from continuing operations
Current	2025		2024		2023
Federal	$	7.2	$	25.0	$	25.6
State	2.7		3.8		0.6
Foreign(1)	1.6		2.0		2.2
Total Current	11.5		30.8		28.4
Deferred
Federal	(2.1)		(8.1)		(1.2)
State	(1.3)		2.0		(12.6)
Total Deferred	(3.4)		(6.1)		(13.8)
Total income tax expense
Federal	5.1		16.9		24.4
State	1.4		5.8		(12.1)
Foreign	1.6		2.0		2.2
Provision (benefit) for income taxes	$	8.1	$	24.7	$	14.5

_________________________________

(1) Certain foreign-source income is included in U.S. income from continuing operations before income tax expense, while the related withholding taxes are recorded within foreign income tax expense from continuing operations.

Schedule of Income Taxes Differs From the Expected Federal Income Tax Rates and Effective Income Tax Rate Reconciliation

The provision (benefit) for income taxes differs from the statutory Federal income tax for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 as follows:


	2025

	Amount (in millions)		Percent (%)
U.S Federal statutory tax rate	$	5.3	21.0	%
State and local income taxes, net of federal(1)	$	2.0	7.8	%

Foreign tax effects
Mexico
Withholding taxes	0.5		2.0	%

Puerto Rico
Withholding taxes	0.3		1.4	%
Canada
Withholding taxes	0.3		0.8	%
Other jurisdictions	0.5		2.3	%
Total foreign tax effects	$	1.6	6.5	%
Effect of changes in tax laws or rates enacted in the current period	—		—	%
Effect of cross-border tax laws
Foreign tax credit	(1.5)		(6.1)	%
Foreign-derived intangible income (FDII)	(0.3)		(1.0)	%
Total effect of cross-border tax laws	$	(1.8)	(7.1)	%
Tax credits
R&D tax credit	(0.6)		(2.4)	%
FICA tip credit	(0.4)		(1.6)	%
Total tax credits	$	(1.0)	(4.0)	%
Changes in valuation allowances	$	0.4	1.6	%
Nontaxable or nondeductible items
Nondeductible stock compensation	1.3		5.3	%
Nondeductible officer's compensation	0.9		3.8	%
Other nontaxable or nondeductible items	0.1		0.3	%
Total nontaxable or nondeductible items	$	2.3	9.3	%
Changes in unrecognized tax benefits	$	(0.8)	(3.2)	%
Other adjustments	$	0.1	0.1	%
Income tax expense	$	8.1	32.0	%

_________________________________

(1) State taxes in GA, TX, NJ and MI made up the majority (greater than 50%) of the tax effect in this category.



	2024		2023
Statutory federal income tax rate	21.0	%	21.0	%
Non-deductibility of goodwill	0.4		—
Non-deductibility of officer's compensation	1.1		1.1
State and other taxes, net of federal tax benefit	3.9		3.8
State income tax audit settlement	—		(13.5)
Excess tax deficiencies or (benefits)	1.2		(0.7)
Change in unrecognized tax benefits	—		1.1
Change in valuation allowance	0.8		0.7
Changes in tax rates and state tax laws	0.6		—
General business credits	(0.7)		(0.7)
Other	(0.8)		0.2
Effective tax rate	27.5	%	13.0	%

Schedule of Income Taxes Paid, Net of Refunds By Jurisdiction

Disclosed below is a summary of income taxes paid, net of refunds by jurisdiction for the year ended December 28, 2025:




	(in millions)
United States - Federal	$	10.9
United States - State and local(1)	3.3
Total U.S. Federal, State and local	$	14.2
Foreign(1)	1.7
Total income taxes paid, net of refunds	$	15.9

_________________________________

(1) The amount of income taxes paid during the year for state and foreign does not meet the 5% disaggregation threshold.

Schedule of Net Deferred Tax Assets (Liabilities)

Net deferred tax assets (liabilities) as of December 28, 2025 and December 29, 2024 consisted of the following components:


	2025		2024
	(In millions)
Lease liabilities	$	102.2	$	104.3
Employee compensation	10.9		8.8

Deferred revenue	37.8		38.9
Tax attributes	13.2		13.5
Other	13.8		8.1
Deferred tax assets	$	177.9	$	173.6
Valuation allowance	(5.4)		(5.0)
Total deferred tax assets after valuation allowance	$	172.5	$	168.6



Capitalization and depreciation(1)	(124.6)		(122.1)
Lease assets	(94.8)		(96.1)
Other	(4.3)		(5.0)
Deferred tax liabilities	$	(223.7)	$	(223.2)
Net deferred tax liabilities	$	(51.2)	$	(54.6)

_________________________________

(1) Primarily related to the 2007 Applebee's acquisition.

Schedule of Reconciliation Of Unrecognized Tax Benefit

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	2025		2024		2023
	(In millions)
Beginning unrecognized tax benefit	$	2.5	$	3.5	$	2.1
Changes for tax positions of prior years	(0.5)		—		—
Increases for tax positions related to the current year	1.1		0.4		1.9
Decreases relating to settlements and lapsing of statutes of limitations	(0.1)		(1.4)		(0.5)
Ending unrecognized tax benefit	$	3.0	$	2.5	$	3.5

Other Intangible Assets (Tables)

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Other Intangible Assets Roll Forward

Changes in the balance for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 are as follows:


	Tradenames		Franchising Rights		Other		Total
	(In millions)


















Balance at December 31, 2023	525.2		53.0		7.8		586.0

Amortization expense	—		(10.7)		(0.1)		(10.8)
Additions	—		—		0.8		0.8
Disposition	—		—		(0.3)		(0.3)
Balance at December 29, 2024	525.2		42.3		8.2		575.7
Impairment	(29.0)		—		(2.8)		(31.8)
Amortization expense	—		(10.7)		(1.1)		(11.9)
Additions	—		—		2.1		2.1

Balance at December 28, 2025	$	496.2	$	31.6	$	6.3	$	534.1

Schedule of Finite-Lived Intangible Assets by Major Class

Gross and net carrying amounts of intangible assets subject to amortization and the respective weighted average amortization period at December 28, 2025 and December 29, 2024 are as follows:


	December 28, 2025							December 29, 2024
	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period	Gross		Accumulated Amortization		Net		Weighted Average Remaining Period
	(In millions)							(In millions)
Franchising rights	$	214.8	$	(183.2)	$	31.6	7.9	$	214.8	$	(172.5)	$	42.3	7.6



Other	2.2		(1.2)		1.0		9.1	3.9		(0.7)		3.2		10.5
Total	$	217.0	$	(184.4)	$	32.6	7.9	$	218.7	$	(173.2)	$	45.5	7.8

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated annual amortization expense of the Fuzzy's tradename and other intangible assets is as follows:


	Franchising rights		Tradename and other		Total
	(In millions)

2026	$	11.3	$	3.0	$	14.2
2027	10.3		2.9		13.1
2028	1.3		2.9		4.1
2029	1.3		2.9		4.1
2030	1.3		2.9		4.1
Thereafter	6.3		14.3		20.6

Income Taxes - Schedule of Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Income Tax Disclosure [Abstract]
Lease liabilities	$ 102.2	$ 104.3
Employee compensation	10.9	8.8
Deferred revenue	37.8	38.9
Tax attributes	13.2	13.5
Other	13.8	8.1
Deferred tax assets	177.9	173.6
Valuation allowance	(5.4)	(5.0)
Total deferred tax assets after valuation allowance	172.5	168.6
Capitalization and depreciation	(124.6)	(122.1)
Lease assets	(94.8)	(96.1)
Other	(4.3)	(5.0)
Deferred tax liabilities	(223.7)	(223.2)
Net deferred tax liabilities	$ (51.2)	$ (54.6)

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of General Range of Depreciable and Amortizable Property and Equipment Lives (Details)	Dec. 28, 2025
Minimum
Property and Equipment [Line Items]
Finite-lived intangible assets, Depreciable Life (in years)	10 years
Minimum \| Buildings and improvements
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	25 years
Minimum \| Equipment and fixtures
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	3 years
Minimum \| Internal-use software
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	3 years
Maximum
Property and Equipment [Line Items]
Finite-lived intangible assets, Depreciable Life (in years)	15 years
Maximum \| Buildings and improvements
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	40 years
Maximum \| Leaseholds and improvements
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	40 years
Maximum \| Equipment and fixtures
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	5 years
Maximum \| Internal-use software
Property and Equipment [Line Items]
Property and equipment, Depreciable Life (in years)	10 years

Refranchising of Company-Owned Restaurants	12 Months Ended
Refranchising of Company-Owned Restaurants	Dec. 28, 2025
Discontinued Operations and Disposal Groups [Abstract]
Refranchising of Company-Owned Restaurants	Refranchising of Company-Owned RestaurantsOn November 19, 2024, the Company completed the refranchising and sale of related restaurant assets of nine company-owned Applebee's restaurants in Texas to a franchisee. As part of the transaction, the Company entered into an asset purchase agreement and nine franchise agreements. The Company received cash of $1.4 million and a note receivable for $5.9 million. The Company recognized a gain of $1.8 million on the refranchising and sale as the difference between the book value of the assets sold compared to the consideration received. For the year ended December 29, 2024 the gain was recognized in the (Gain) loss on disposition of assets in the Consolidated Statements of Comprehensive Income.

Commitments and Contingencies (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Loss Contingencies [Line Items]
Outstanding purchase commitments	$ 104.4
Property Lease Guarantee \| Applebee's
Loss Contingencies [Line Items]
Potential liability for guaranteed leases	323.1	$ 345.0
Potential liability for guaranteed leases excluding unexercised option periods	83.1	$ 90.5
Advertising
Loss Contingencies [Line Items]
Outstanding purchase commitments	$ 82.6

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482395/460-10-55-27

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

+ Details

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 128.2	$ 186.7
Money market funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	2.0	35.0
Other depository accounts, including IHOP advertising and gift card
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 126.2	$ 151.7

Leases - Schedule of Future Minimum Payments to be Received as Lessor Under Noncancelable Direct Financing Leases (Details) $ in Millions	Dec. 28, 2025 USD ($)
Sales-Type Leases
2026	$ 2.7
2027	2.7
2028	2.7
2029	2.6
2030	2.5
Thereafter	11.5
Total minimum rents receivable	24.8
Less: unearned income	(6.6)
Total real estate leases receivable	18.2
Less: current portion	(1.6)
Long-term real estate leases receivable	16.6
Operating Leases
2026	88.8
2027	73.2
2028	58.9
2029	51.4
2030	47.2
Thereafter	158.5
Total minimum rents receivable	$ 478.0

Business Acquisition - Narrative (Details)					1 Months Ended	7 Months Ended	12 Months Ended
Business Acquisition - Narrative (Details)	May 19, 2025 USD ($) restaurant	Mar. 05, 2025 USD ($) restaurant	Nov. 19, 2024 USD ($) restaurant	Nov. 11, 2024 USD ($) restaurant	May 31, 2025 restaurant	Dec. 28, 2025 USD ($)	Dec. 28, 2025 USD ($)	Dec. 29, 2024 USD ($)
Business Combination [Line Items]
Goodwill						$ 249,600,000	$ 249,600,000	$ 248,600,000
IHOP Restaurants
Business Combination [Line Items]
Business combination, number of businesses acquired \| restaurant		10
Cash		$ 200,000
Gain on bargain purchase		$ 200,000
Business Combination, Bargain Purchase, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]		General and administrative expenses
Applebee's Franchise Restaurants
Business Combination [Line Items]
Business combination, number of businesses acquired \| restaurant	12		41	15	12
Cash	$ 1,300,000			$ 0
Gain on bargain purchase				$ 600,000
Business Combination, Bargain Purchase, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]				General and administrative expenses
Goodwill	1,600,000		$ 2,800,000			1,700,000	1,700,000
Purchase price adjustment						$ 100,000	$ (1,000,000.0)
Consideration transferred	$ 1,300,000		$ 8,300,000

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 28, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Goodwill - Narrative (Details) $ in Millions				1 Months Ended		3 Months Ended	12 Months Ended
Goodwill - Narrative (Details) $ in Millions	May 19, 2025 restaurant	Nov. 19, 2024 restaurant	Nov. 11, 2024 restaurant	May 31, 2025 restaurant	Nov. 30, 2024 restaurant	Dec. 29, 2024 USD ($)	Dec. 28, 2025 USD ($)	Dec. 29, 2024 USD ($)
Goodwill [Line Items]
Goodwill impairment							$ 0.0	$ 7.1
Applebee's Franchise Restaurants
Goodwill [Line Items]
Business combination, number of businesses acquired \| restaurant	12	41	15	12
Operating Segments
Goodwill [Line Items]
Business acquisition							1.6	2.8
Disposition of assets								1.2
Goodwill impairment								7.1
Operating Segments \| Company-Owned Restaurants
Goodwill [Line Items]
Business acquisition							$ 1.6	2.8
Disposition of assets								1.2
Goodwill impairment								$ 0.0
Applebee's
Goodwill [Line Items]
Number of restaurant acquired \| restaurant					56
Number of restaurants refranchised \| restaurant					9
Fuzzy's
Goodwill [Line Items]
Goodwill impairment						$ 7.1

Closure and Impairment Charges - Narrative (Details) $ in Millions	3 Months Ended	10 Months Ended	12 Months Ended
	Dec. 28, 2025 USD ($)	Dec. 28, 2025 USD ($)	Dec. 28, 2025 USD ($)	Dec. 29, 2024 USD ($) restaurant
Restructuring Cost and Reserve [Line Items]
Closure charges			$ 5.0	$ 2.2
Goodwill impairment			0.0	7.1
Other asset impairment charges			6.0	0.0
Closure Charges \| IHOP Restaurant Closure
Restructuring Cost and Reserve [Line Items]
Exit costs		$ 2.0	3.6
Revision to existing closure reserves				$ 1.5
Number of restaurants related to restructuring and related costs \| restaurant				21
Closure Charges \| Exit Of Office Space
Restructuring Cost and Reserve [Line Items]
Exit costs			0.7	$ 0.6
Off-Market Leases
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges			2.7
Work-In-Progress Assets
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges			2.0
Robotic Automation Company Investment
Restructuring Cost and Reserve [Line Items]
Other asset impairment charges			1.0
Tradenames
Restructuring Cost and Reserve [Line Items]
Impairment	$ 29.0		$ 29.0	$ 0.0

Stockholders' Deficit - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended													12 Months Ended			15 Months Ended
	Dec. 28, 2025	Sep. 30, 2025	Jun. 30, 2025	Mar. 31, 2025	Dec. 29, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jan. 01, 2023	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Dividends Payable [Line Items]
Dividends declared per share (in dollars per share)	$ 0.19	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51	$ 0.51		$ 1.72	$ 2.04	$ 2.04
Total dividends declared	$ 2.5	$ 7.4	$ 7.8	$ 8.0	$ 7.8	$ 7.8	$ 7.8	$ 7.9	$ 7.7	$ 7.8	$ 7.9	$ 8.0	$ 8.0	$ 25.5	$ 31.1	$ 31.5	$ 33.5	$ 39.0	$ 39.4
Total dividends paid	$ 7.4	$ 7.8	$ 8.0	$ 7.8	$ 7.8	$ 7.8	$ 7.9	$ 7.7						$ 31.0	$ 31.3	$ 31.7
O 2022 Q4 Dividends
Dividends Payable [Line Items]
Total dividends paid												8.0
O 2023 Q1 Dividends
Dividends Payable [Line Items]
Total dividends paid												$ 8.0
O 2023 Q2 Dividends
Dividends Payable [Line Items]
Total dividends paid										7.9
O 2023 Q3 Dividends
Dividends Payable [Line Items]
Total dividends paid										$ 7.8

Stock-Based Incentive Plans - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	0	133,729	74,390
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (in percent)		4.30%	4.40%
Weighted average historical volatility (in percent)		70.20%	70.90%
Dividend yield (in percent)		4.20%	2.70%
Expected years until exercise (in years)		4 years 6 months	4 years 6 months
Weighted average fair value of options granted (in dollars per share)		$ 22.3	$ 37.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Revenues (Tables)

12 Months Ended

Dec. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Franchise Revenue by Major Type

The following table disaggregates our franchise revenues by major type:


	2025		2024		2023
Franchise Revenues	(In millions)
Royalties	$	307.8	$	313.4	$	325.6
Advertising fees	281.8		290.4		300.8
Proprietary product sales and other	66.9		72.4		71.1
Franchise and development fees	9.0		9.7		8.9
Total franchise revenues	$	665.5	$	686.0	$	706.4

Schedule of Changes In Deferred Franchise Revenue

Changes in the Company's contract liability for deferred franchise and development fees during the year ended December 28, 2025 were as follows:


	Deferred Franchise Revenue (short- and long-term)
	(In millions)
Balance at December 29, 2024	$	42.7
Recognized during the year	(8.6)
Deferred during the year	5.7

Balance at December 28, 2025	$	39.8

Schedule of Deferred Franchise Revenue Expected To Be Recognized

The balance of deferred franchise revenue as of December 28, 2025 is expected to be recognized as follows:


Fiscal Years	(In millions)
2026	$	5.6
2027	4.7
2028	3.8
2029	3.3
2030	3.0
Thereafter	19.4
Total	$	39.8

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 28, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 20, 2026, our Board of Directors declared a first quarter 2026 cash dividend of $0.19 per share of common stock, payable on April 10, 2026 to the stockholders of record as of the close of business on March 18, 2026.

Income Taxes

12 Months Ended

Dec. 28, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The income from continuing operations before income taxes and provision (benefit) for income taxes for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 was as follows:


Income from continuing operations before income tax expense (benefit)
	2025		2024		2023
	(In millions)
U.S.(1)	$	24.9	$	88.7	$	110.9
Foreign	0.3		0.8		0.8
Total	$	25.2	$	89.5	$	111.7

Income tax expense (benefit) from continuing operations
Current	2025		2024		2023
Federal	$	7.2	$	25.0	$	25.6
State	2.7		3.8		0.6
Foreign(1)	1.6		2.0		2.2
Total Current	11.5		30.8		28.4
Deferred
Federal	(2.1)		(8.1)		(1.2)
State	(1.3)		2.0		(12.6)
Total Deferred	(3.4)		(6.1)		(13.8)
Total income tax expense
Federal	5.1		16.9		24.4
State	1.4		5.8		(12.1)
Foreign	1.6		2.0		2.2
Provision (benefit) for income taxes	$	8.1	$	24.7	$	14.5

_________________________________

The provision (benefit) for income taxes differs from the statutory Federal income tax for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 as follows:


	2025

	Amount (in millions)		Percent (%)
U.S Federal statutory tax rate	$	5.3	21.0	%
State and local income taxes, net of federal(1)	$	2.0	7.8	%

Foreign tax effects
Mexico
Withholding taxes	0.5		2.0	%

Puerto Rico
Withholding taxes	0.3		1.4	%
Canada
Withholding taxes	0.3		0.8	%
Other jurisdictions	0.5		2.3	%
Total foreign tax effects	$	1.6	6.5	%
Effect of changes in tax laws or rates enacted in the current period	—		—	%
Effect of cross-border tax laws
Foreign tax credit	(1.5)		(6.1)	%
Foreign-derived intangible income (FDII)	(0.3)		(1.0)	%
Total effect of cross-border tax laws	$	(1.8)	(7.1)	%
Tax credits
R&D tax credit	(0.6)		(2.4)	%
FICA tip credit	(0.4)		(1.6)	%
Total tax credits	$	(1.0)	(4.0)	%
Changes in valuation allowances	$	0.4	1.6	%
Nontaxable or nondeductible items
Nondeductible stock compensation	1.3		5.3	%
Nondeductible officer's compensation	0.9		3.8	%
Other nontaxable or nondeductible items	0.1		0.3	%
Total nontaxable or nondeductible items	$	2.3	9.3	%
Changes in unrecognized tax benefits	$	(0.8)	(3.2)	%
Other adjustments	$	0.1	0.1	%
Income tax expense	$	8.1	32.0	%

_________________________________

(1) State taxes in GA, TX, NJ and MI made up the majority (greater than 50%) of the tax effect in this category.



	2024		2023
Statutory federal income tax rate	21.0	%	21.0	%
Non-deductibility of goodwill	0.4		—
Non-deductibility of officer's compensation	1.1		1.1
State and other taxes, net of federal tax benefit	3.9		3.8
State income tax audit settlement	—		(13.5)
Excess tax deficiencies or (benefits)	1.2		(0.7)
Change in unrecognized tax benefits	—		1.1
Change in valuation allowance	0.8		0.7
Changes in tax rates and state tax laws	0.6		—
General business credits	(0.7)		(0.7)
Other	(0.8)		0.2
Effective tax rate	27.5	%	13.0	%

The Company or one of its subsidiaries files federal income tax returns and tax returns in various state and international jurisdictions. With few exceptions, the Company is no longer subject to federal tax examinations by tax authorities for years before 2022 and state or non-United States tax examinations by tax authorities for years before 2020.

Disclosed below is a summary of income taxes paid, net of refunds by jurisdiction for the year ended December 28, 2025:




	(in millions)
United States - Federal	$	10.9
United States - State and local(1)	3.3
Total U.S. Federal, State and local	$	14.2
Foreign(1)	1.7
Total income taxes paid, net of refunds	$	15.9

_________________________________

(1) The amount of income taxes paid during the year for state and foreign does not meet the 5% disaggregation threshold.

Net deferred tax assets (liabilities) as of December 28, 2025 and December 29, 2024 consisted of the following components:


	2025		2024
	(In millions)
Lease liabilities	$	102.2	$	104.3
Employee compensation	10.9		8.8

Deferred revenue	37.8		38.9
Tax attributes	13.2		13.5
Other	13.8		8.1
Deferred tax assets	$	177.9	$	173.6
Valuation allowance	(5.4)		(5.0)
Total deferred tax assets after valuation allowance	$	172.5	$	168.6



Capitalization and depreciation(1)	(124.6)		(122.1)
Lease assets	(94.8)		(96.1)
Other	(4.3)		(5.0)
Deferred tax liabilities	$	(223.7)	$	(223.2)
Net deferred tax liabilities	$	(51.2)	$	(54.6)

_________________________________

(1) Primarily related to the 2007 Applebee's acquisition.

The Company considers new evidence, both positive and negative, that could impact management’s view with regards to future realization of deferred tax assets. Management believes that the future realizability of benefits arising from foreign tax credit carryforwards and certain state net operating loss carryforwards does not meet the more-likely-than-not threshold. In recognition of this risk, there is a valuation allowance of $5.4 million as of December 28, 2025.

The Company had gross operating loss carryforwards for state tax purposes of $112.4 million and $113.7 million as of December 28, 2025 and December 29, 2024, respectively. Certain net operating loss carryforwards will expire in 2029 if not utilized. The Company had income tax credit carryforwards of $7.5 million and $7.5 million as of December 28, 2025 and December 29, 2024, respectively. Certain income tax credit carryforwards will begin to expire in 2029 if not utilized.

The total gross unrecognized tax benefit as of December 28, 2025 and December 29, 2024 was $3.0 million and $2.5 million, respectively, excluding interest, penalties and related income tax benefits. If recognized, these amounts would affect the Company's effective income tax rates.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	2025		2024		2023
	(In millions)
Beginning unrecognized tax benefit	$	2.5	$	3.5	$	2.1
Changes for tax positions of prior years	(0.5)		—		—
Increases for tax positions related to the current year	1.1		0.4		1.9
Decreases relating to settlements and lapsing of statutes of limitations	(0.1)		(1.4)		(0.5)
Ending unrecognized tax benefit	$	3.0	$	2.5	$	3.5

As of December 28, 2025, the accrued interest was $0.2 million, excluding any related income tax benefits. As of December 29, 2024, the accrued interest and penalties were $0.8 million, excluding any related income tax benefits. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as a component of the income tax provision recognized in the Consolidated Statements of Comprehensive Income.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Income Taxes - Schedule of Reconciliation Of Unrecognized Tax Benefit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Beginning unrecognized tax benefit	$ 2.5	$ 3.5	$ 2.1
Changes for tax positions of prior years	(0.5)	0.0	0.0
Increases for tax positions related to the current year	1.1	0.4	1.9
Decreases relating to settlements and lapsing of statutes of limitations	(0.1)	(1.4)	(0.5)
Ending unrecognized tax benefit	$ 3.0	$ 2.5	$ 3.5

Stockholders' Deficit - Narrative (Details) $ in Millions	Feb. 17, 2022 USD ($)
2022 Repurchase Program
Class of Stock [Line Items]
Authorized amount	$ 250

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

Income Taxes - Schedule of Provision (Benefit) For Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Income from continuing operations before income tax expense (benefit)
US	$ 24.9	$ 88.7	$ 110.9
Foreign	0.3	0.8	0.8
Income before income taxes	25.2	89.5	111.7
Current
Federal	7.2	25.0	25.6
State	2.7	3.8	0.6
Foreign	1.6	2.0	2.2
Total Current	11.5	30.8	28.4
Deferred
Federal	(2.1)	(8.1)	(1.2)
State	(1.3)	2.0	(12.6)
Total Deferred	(3.4)	(6.1)	(13.8)
Total income tax expense
Federal	5.1	16.9	24.4
State	1.4	5.8	(12.1)
Foreign	1.6	2.0	2.2
Provision (benefit) for income taxes	$ 8.1	$ 24.7	$ 14.5

Stockholders' Deficit - Schedule of Repurchase Agreements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Jan. 01, 2023
Class of Stock [Line Items]
Stock repurchased during period, value	$ 60.1	$ 12.0	$ 26.1
2022 Repurchase Program
Class of Stock [Line Items]
Stock repurchased during period (in shares)	2,352,636	269,621	446,189	1,149,589
Cumulative repurchases (in shares)	4,218,035
Stock repurchased during period, value	$ 60.1	$ 12.0	$ 26.1	$ 78.7
Cumulative repurchases	176.8
Remaining value of shares that may be repurchased under the 2022 Repurchase Program	$ 73.2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479857/480-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483014/272-10-45-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482987/272-10-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479886/946-10-S99-3

+ Details

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

- Definition

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Reportable Segments

12 Months Ended

Dec. 28, 2025

Segment Reporting [Abstract]

Reportable Segments

Information on segments and a reconciliation of segment operating profit to income before income taxes is as follows:


	2025
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	665.5	$	104.6	$	109.3	$	879.3
Less: Advertising revenue	281.8		—		—		281.8
Revenues excluding advertising revenue	383.7		104.6		109.3		597.5

Less:

Interest expense from finance leases	—		—		2.7		2.7
Depreciation and amortization	0.6		3.1		9.6		13.3
Other segment items(a)	40.8		109.5		71.9		222.2
Segment profit	342.3		(8.1)		25.0		359.3
Stock based compensation (direct)	3.6		—		—		3.6
Gain on disposition of assets	(0.5)		—		—		(0.5)
Other G&A expenses (direct and allocated)	125.0		7.9		—		132.9
Segment operating profit	$	214.2	$	(16.0)	$	25.0	$	223.3

Reconciliation of segment operating profit
Segment operating profit							$	223.3
Depreciation and amortization (unallocated)							17.5
Stock based compensation (unallocated)							9.6
Other G&A expenses (unallocated)							40.2
Interest expense, net							78.0
Closure and impairment charges							40.0
Amortization of intangible assets							11.9
Loss on extinguishment of debt							0.9
Income before income taxes							$	25.2


	2024
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	686.0	$	9.3	$	117.1	$	812.3
Less: Advertising revenue	290.4		—		—		290.4
Revenues excluding advertising revenue	395.5		9.3		117.1		521.9

Less:

Interest expense from finance leases	—		—		2.9		2.9
Depreciation and amortization	1.4		(0.6)		10.1		11.0
Other segment items(a)	48.0		10.5		74.2		132.7
Segment profit	346.1		(0.6)		29.9		375.3
Stock based compensation (direct)	5.7		—		—		5.7
Gain on disposition of assets	—		(2.2)		(1.0)		(3.2)
Other G&A expenses (direct and allocated)	119.3		—		—		119.3
Segment operating profit	$	221.1	$	1.6	$	30.9	$	253.5

Reconciliation of segment operating profit
Segment operating profit							$	253.5
Depreciation and amortization (unallocated)							17.4
Stock based compensation (unallocated)							10.2
Other G&A expenses (unallocated)							44.2

Interest expense, net							72.1
Closure and impairment charges							9.2
Amortization of intangible assets							10.8

Income before income taxes							$	89.5


	2023
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	706.4	$	2.1	$	122.6	$	831.1
Less: Advertising revenue	300.8		—		—		300.8
Revenues excluding advertising revenue	405.6		2.1		122.6		530.3

Less:

Interest expense from finance leases	—		—		2.8		2.8
Depreciation and amortization	1.1		(0.2)		10.5		11.4
Other segment items(a)	42.5		2.4		74.6		119.4
Segment profit	362.0		0.0		34.7		396.7
Stock based compensation (direct)	2.5		—		—		2.5
Loss on disposition of assets	—		0.2		0.3		0.6
Other G&A expenses (direct and allocated)	126.9		—		—		126.9
Segment operating profit	$	232.5	$	(0.2)	$	34.4	$	266.7

Reconciliation of segment operating profit
Segment operating profit							$	266.7
Depreciation and amortization (unallocated)							13.3
Stock based compensation (unallocated)							9.5
Other G&A expenses (unallocated)							45.8
Loss on disposition of assets (unallocated)							1.8
Interest expense, net							70.0
Closure and impairment charges							3.6
Amortization of intangible assets							10.9


Income before income taxes							$	111.7

_________________________________

(a)Segment items include:

Franchise: Costs of proprietary products, bad debt expense, pre-opening training expenses and other franchise-related costs.

Company-owned restaurants: Operating expenses at company-owned restaurants include food, beverage, labor, benefits, utilities, rent and other operating costs.

Rental: Costs of operating leases, such as rent expense, and interest expense of finance leases on franchisee-operated restaurants.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Consolidated Statements of Stockholders' Deficit - USD ($) $ in Millions	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock
Common stock, shares, outstanding, beginning (in shares) at Jan. 01, 2023		15,599,239
Stockholders' equity, beginning of the period at Jan. 01, 2023	$ (301.1)	$ 0.2	$ 259.3	$ 84.5	$ (0.1)	$ (645.1)
Treasury stock, shares, beginning (in shares) at Jan. 01, 2023						9,360,733
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	97.2			97.2
Purchase of company common stock (in shares)		(446,189)				446,189
Purchase of Company common stock	(26.1)		(0.1)			$ (26.0)
Reissuance of treasure stock (in shares)		281,161				281,161
Reissuance of treasury stock	3.8		(9.6)			$ 13.5
Net issuance of shares for stock plans (in shares)		(28,069)
Repurchase of restricted shares for taxes (in shares)		(61,374)
Repurchase of restricted shares for taxes	(4.4)		(4.4)
Stock-based compensation	12.0		12.0
Dividends on common stock	(31.5)		0.2	(31.7)
Tax payments for share settlement of restricted stock units	(0.9)		(0.9)
Common stock, shares, outstanding, ending (in shares) at Dec. 31, 2023		15,344,768
Stockholders' equity, ending of the period at Dec. 31, 2023	(251.0)	$ 0.2	256.5	150.0	(0.1)	$ (657.7)
Treasury stock, shares, ending (in shares) at Dec. 31, 2023						9,525,761
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	64.9			64.9
Purchase of company common stock (in shares)		(269,621)				269,621
Purchase of Company common stock	(12.0)					$ (12.0)
Reissuance of treasure stock (in shares)		311,955				311,955
Reissuance of treasury stock	(0.1)		(15.2)			$ 15.1
Net issuance of shares for stock plans (in shares)		(56,246)
Repurchase of restricted shares for taxes (in shares)		(57,646)
Repurchase of restricted shares for taxes	(2.7)		(2.7)
Stock-based compensation	16.0		16.0
Dividends on common stock	$ (31.1)		0.1	(31.3)
Common stock, shares, outstanding, ending (in shares) at Dec. 29, 2024	15,273,210	15,273,210
Stockholders' equity, ending of the period at Dec. 29, 2024	$ (216.0)	$ 0.2	254.8	183.6	(0.1)	$ (654.6)
Treasury stock, shares, ending (in shares) at Dec. 29, 2024	9,483,427					9,483,427
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 17.1			17.1
Purchase of company common stock (in shares)		(2,352,636)				2,352,636
Purchase of Company common stock	(60.1)					$ (60.1)
Reissuance of treasure stock (in shares)		539,374				539,374
Reissuance of treasury stock	(0.6)		(26.2)			$ 25.7
Net issuance of shares for stock plans (in shares)		(55,532)
Repurchase of restricted shares for taxes (in shares)		(77,879)
Repurchase of restricted shares for taxes	(2.0)		(2.0)
Stock-based compensation	13.2		13.2
Dividends on common stock	$ (25.5)		0.1	(25.6)
Common stock, shares, outstanding, ending (in shares) at Dec. 28, 2025	13,326,537	13,326,537
Stockholders' equity, ending of the period at Dec. 28, 2025	$ (273.9)	$ 0.2	$ 239.9	$ 175.1	$ (0.1)	$ (689.1)
Treasury stock, shares, ending (in shares) at Dec. 28, 2025	11,296,689					11,296,689

Long-Term Debt - Schedule of Debt Components (Details) - USD ($) $ in Millions	Dec. 28, 2025	Jun. 17, 2025	Dec. 29, 2024
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ (11.8)		$ (7.4)
Long-term debt, net of debt issuance costs	1,188.2		1,186.6
Current portion of long-term debt	0.0		(100.0)
Long-term debt, net, less current portion	1,188.2		1,086.6
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II
Debt Instrument [Line Items]
Senior notes	$ 0.0		594.0
Debt interest rate (in percent)	4.723%	4.723%
Variable Funding Senior Notes, 2022 Class A-1, Series 2022-1
Debt Instrument [Line Items]
Senior notes	$ 0.0		$ 100.0
Debt interest rate (in percent)			7.14%
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2
Debt Instrument [Line Items]
Senior notes	$ 500.0		$ 500.0
Debt interest rate (in percent)	7.824%
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2
Debt Instrument [Line Items]
Senior notes	$ 600.0		0.0
Debt interest rate (in percent)	6.72%	6.72%
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1
Debt Instrument [Line Items]
Senior notes	$ 100.0		$ 0.0
Debt interest rate (in percent)	6.56%

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Current assets:
Cash and cash equivalents	$ 128.2	$ 186.7
Receivables, net of allowance of $5.1 (2025) and $3.4 (2024)	119.0	115.2
Restricted cash	51.5	42.4
Prepaid expenses	49.0	39.3
Other current assets	4.1	2.4
Total current assets	351.8	386.0
Other intangible assets, net	534.1	575.7
Operating lease right-of-use assets	328.7	323.5
Goodwill	249.6	248.6
Property and equipment, net	160.5	156.1
Long-term receivables, net of allowance of $1.2 (2025) and $1.4 (2024)	33.8	35.9
Non-current restricted cash	22.0	19.5
Other non-current assets, net	57.1	45.3
Total assets	1,737.7	1,790.6
Current liabilities:
Accounts payable and other accrued liabilities	93.2	75.8
Gift card liability	182.7	177.6
Current portion of operating leases obligations	67.6	65.3
Current portion of finance leases	6.6	6.4
Accrued interest payable	7.3	6.4
Dividends payable	2.5	7.8
Deferred franchise revenue, short-term	5.6	6.0
Current portion of long-term debt	0.0	100.0
Total current liabilities	365.6	445.3
Long-term debt, net, less current portion	1,188.2	1,086.6
Operating lease obligations, less current portion	305.3	310.5
Finance lease obligations, less current portion	32.2	34.3
Deferred income taxes, net	51.2	54.6
Deferred franchise revenue, long-term	34.2	36.7
Other non-current liabilities	35.0	38.7
Total liabilities	2,011.5	2,006.6
Stockholders' deficit:
Preferred stock, $1 par value, 10,000,000 shares authorized, no shares issued and outstanding	0.0	0.0
Common stock, $0.01 par value; shares: 40,000,000 authorized; 2025 - 24,623,226 issued, 13,326,537 outstanding; 2024 - 24,756,637 issued, 15,273,210 outstanding	0.2	0.2
Additional paid-in-capital	239.9	254.8
Retained earnings	175.1	183.6
Accumulated other comprehensive loss	(0.1)	(0.1)
Treasury stock, at cost; shares: 2025 - 11,296,689; 2024 - 9,483,427	(689.1)	(654.6)
Total stockholders' deficit	(273.9)	(216.0)
Total liabilities and stockholders' deficit	$ 1,737.7	$ 1,790.6

Closure and Impairment Charges

12 Months Ended

Dec. 28, 2025

Restructuring Charges [Abstract]

Closure and Impairment Charges



	2025		2024		Change
	(In millions)
Closure charges	$	5.0	$	2.2	$	(2.8)
Goodwill impairment	—		7.1		7.1
Tradename impairment	29.0		—		(29.0)
Other asset impairment charges	6.0		—		(6.0)
Total	$	40.0	$	9.2	$	(30.7)

Closure charges

For the year ended December 28, 2025, the Company recorded $5.0 million of closure charges primarily comprised of $3.6 million for restaurant closure costs related to IHOP restaurants closed in 2025 or earlier. This includes $2.0 million related to two leased properties the Company acquired in March 2025 and closed during 2025 related to the acquisition and closure of certain IHOP restaurants. The Company also incurred $0.7 million related to the exit of office space in the Leawood, Kansas restaurant support center.

The closure charges of $2.2 million for the year ended December 29, 2024 were $1.5 million for revisions to existing reserves, for approximately 21 IHOP restaurants closed prior to 2023, and $0.6 million related to the office space in the Leawood, Kansas restaurant support center referenced above.

Intangible assets impairment charges

In the fourth quarter of 2025, the Company determined the Fuzzy's tradename intangible asset was impaired and recorded a $29.0 million noncash impairment charge. In the fourth quarter of 2024, the Company wrote off goodwill of $7.1 million related to our acquisition of Fuzzy's. See Note 2 - Basis of Presentation and Summary of Significant Accounting Policy, Note 6 - Goodwill and Note 7 - Other Intangible Assets of the Notes to the Consolidated Financial Statements.

Asset Impairment Charges

The $6.0 million impairment charge of other assets for the year ended December 28, 2025 primarily relates to $2.7 million of off-market leases attributable to the acquisition and closure of certain IHOP restaurants in March 2025, $2.0 million write-off of work-in-process assets associated with the transition of Applebee's to a new point-of-sale platform, and a $1.0 million write off of an investment the Company had in a robotic automation company focused on developing automation solutions for the food industry.

Stock-Based Incentive Plans - Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity (Details) - $ / shares	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Restricted Stock
Number of Shares
Beginning of period (in shares)	421,459	338,622	355,900
Granted (in shares)	539,374	311,955	211,820
Vested/Distributed (in shares)	(199,439)	(155,368)	(165,533)
Forfeited (in shares)	(88,735)	(73,750)	(63,565)
End of period (in shares)	672,659	421,459	338,622
Weighted Average Grant-Date Per Share Fair Value
Beginning balance (in dollars per share)	$ 56.18	$ 73.33	$ 73.57
Granted (in dollars per share)	26.13	47.55	73.12
Vested/Distributed (in dollars per share)	59.81	74.37	73.64
Forfeited (in dollars per share)	39.08	60.10	73.15
Ending balance (in dollars per share)	$ 33.26	$ 56.18	$ 73.33
Restricted Stock Units (RSUs)
Number of Shares
Beginning of period (in shares)	72,953	58,475	123,895
Granted (in shares)	56,213	32,630	21,731
Vested/Distributed (in shares)	(34,030)	(18,115)	(47,857)
Forfeited (in shares)	(36,516)	(37)	(39,294)
End of period (in shares)	58,620	72,953	58,475
Weighted Average Grant-Date Per Share Fair Value
Beginning balance (in dollars per share)	$ 46.83	$ 54.07	$ 62.11
Granted (in dollars per share)	26.13	49.06	74.01
Vested/Distributed (in dollars per share)	47.70	73.97	64.04
Forfeited (in dollars per share)	39.61	74.94	77.23
Ending balance (in dollars per share)	$ 31.78	$ 46.83	$ 54.07

Refranchising of Company-Owned Restaurants (Details) $ in Millions		12 Months Ended
	Nov. 19, 2024 USD ($) agreement	Dec. 28, 2025 USD ($)	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on refranchising and sale		$ 0.5	$ 3.2	$ (2.4)
Refranchising and Sale \| Applebee's Restaurant Assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of franchise agreements \| agreement	9
Cash received	$ 1.4
Note receivable	$ 5.9
Gain on refranchising and sale			$ 1.8

Long-Term Debt

12 Months Ended

Dec. 28, 2025

Debt Disclosure [Abstract]

Long-Term Debt

The Company's long-term debt consists of the following:


	December 28, 2025		December 29, 2024
	(In millions)

Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	—		594.0
Series 2022-1 Variable Funding Senior Notes, Class A-1(a)	—		100.0
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2	500.0		500.0
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2	600.0		—
Series 2025-1 Variable Funding Senior Notes, Class A-1(b)	100.0		—
Unamortized debt issuance costs	(11.8)		(7.4)
Long-term debt, net of debt issuance costs	1,188.2		1,186.6
Current portion of long-term debt	—		(100.0)
Long-term debt	$	1,188.2	$	1,086.6

_________________________________

(a)Variable interest rate of 7.14% at December 29, 2024.

(b)Variable interest rate of 6.56% at December 28, 2025.

Long-Term Debt

On April 17, 2023, Applebee’s Funding LLC and IHOP Funding LLC (the “Co-Issuers”) completed a refinancing transaction and issued $500 million of Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 (the “2023 Class A-2 Notes”). The 2023 Class A-2 Notes were issued pursuant to an offering exempt from registration under the Securities Act of 1933, as amended.

On June 17, 2025, the Co-Issuers completed a refinancing transaction and issued $600 million of Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 (the “2025 Class A-2 Notes”). The Company used the net proceeds of the 2025 Class A-2 Notes to repay the entire outstanding balance of approximately $594.0 million of the Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II (the "2019 Class A-2-II Notes") and to pay fees and expenses incurred in connection

with the issuance of the 2025 Class A-2 Notes. The 2023 Class A-2 Notes and the 2025 Class A-2 Notes are referred to collectively herein as the "A-2 Notes".

Also on June 17, 2025, the Co-Issuers established a new revolving financing facility, the Series 2025-1 Variable Funding Senior Notes, Class A-1 (the “Credit Facility”), that allows for drawings up to $325 million of variable funding notes on a revolving basis and the issuance of letters of credit. In connection with this transaction, the Co-Issuers terminated their existing $325 million revolving financing facility, the Series 2022-1 Variable Funding Senior Notes, Class A-1 (the "2022 Credit Facility"). The 2023 Class A-2 Notes, the Credit Facility and the 2025 Class A-2 Notes (collectively referred to herein as the "Notes") were issued in securitization transactions pursuant to which substantially all the domestic revenue-generating assets and domestic intellectual property held by the Co-Issuers and certain other special-purpose, wholly-owned indirect subsidiaries of the Company (the “Guarantors”) were pledged as collateral.

The Notes were issued under a Base Indenture, dated as of September 30, 2014, amended and restated as of June 5, 2019 and April 17, 2023 (the “Base Indenture”). The 2023 Class A-2 Notes were issued under the related Series 2023-1 Supplement to the Base Indenture, dated April 17, 2023 (the “Series 2023-1 Supplement”) and the 2025 Class A-2 Notes and the Credit Facility were issued under the related Series 2025-1 Supplement to the Base Indenture, dated June 17, 2025 (the "Series 2025-1 Supplement", collectively, the “Indenture”).

The A-2 Notes

The legal final maturity of the 2023 Class A-2 Notes is in March 2053 and the 2025 Class A-2 Notes is in June 2055. However, it is anticipated that, unless repaid earlier to the extent permitted under the Indenture, the 2023 Class A-2 Notes will be repaid in June 2029 and the 2025 Class A-2 Notes in June 2030 (the “A-2 Anticipated Repayment Dates”). If the Co-Issuers have not repaid or refinanced the A-2 Notes by those respective dates, additional interest will accrue at the greater of: (A) 5.0% and (B) the amount, if any, by which the sum of the following exceeds the 2023 Class A-2 Notes' or the 2025 Class A-2 Notes', as applicable, stated interest rates: (x) the yield to maturity as of the A-2 Anticipated Repayment Dates of the United States Treasury Security having a term closest to 10 years plus (y) 9.24% with respect to the 2023 Class A-2 Notes or 7.85% with respect to the 2025 Class A-2 Notes.

While the A-2 Notes are outstanding, payment of principal and interest is required to be made on a quarterly basis. The quarterly principal payment of $1.25 million on the 2023 Class A-2 Notes and $1.5 million on the 2023 Class A-2 Notes may be suspended when the leverage ratio for the Company and its subsidiaries is less than or equal to 5.25x.

As of December 28, 2025, the Company's leverage ratio was approximately 4.84x. As a result, quarterly principal payments on the A-2 Notes are not required.

The Company may voluntarily repay the A-2 Notes at any time; however, if they are repaid prior to certain dates, the Company would be required to pay make-whole premiums. As of December 28, 2025, the make-whole premium associated with voluntary prepayment of the 2023 Class A-2 Notes was approximately $17.4 million and $37.1 million on the 2025 Class A-2 Notes. The Company is also subject to a make-whole premium in the event of a mandatory prepayment required following a Rapid Amortization Event or certain asset dispositions. The make-whole premiums are considered derivatives embedded in the A-2 Notes that must be bifurcated for separate accounting. The Company estimated the fair value of these derivatives to be immaterial as of December 28, 2025.

The Credit Facility

The applicable interest rate under the Credit Facility depends on the type of borrowing by the Co-Issuers. The applicable interest rate for advances is generally calculated at a per annum rate equal to the commercial paper funding rate or one-, two-, three- or six-month Term SOFR Rate, in either case, plus 2.50%. The applicable interest rate for swingline advances and unreimbursed draws on outstanding letters of credit is a per annum base rate equal to the sum of (a) the greatest of (A) the Prime Rate in effect from time to time, (B) the Federal Funds Rate in effect from time to time plus 0.50% and (C) Term SOFR for a one-month tenor in effect at such time plus 0.50% plus (b) 2.00%.

The legal final maturity of the Credit Facility is June 2055, but rapid amortization will apply if there are outstanding amounts under the Credit Facility after June 2030. The June 2030 date may be extended at the Co-Issuers’ election for up to two successive one-year periods if certain conditions are met. If the Co-Issuers have not repaid or refinanced the Credit Facility by June 2030 (after giving effect to any extensions), then interest will accrue on the Credit Facility at a rate equal to 5.00% in addition to the regular interest rate applicable to the Credit Facility at that time.

As of December 28, 2025, the outstanding balance of the Credit Facility was $100 million. The amount of $0.6 million was pledged against the Credit Facility for outstanding letters of credit, leaving $224.4 million of the Credit Facility available for

borrowing at December 28, 2025. It is anticipated that the principal and interest on the Credit Facility will be repaid in full on or prior to the quarterly payment date in June 2030, subject to the two extensions. The weighted average interest rate for the period outstanding during the twelve months ended December 28, 2025 was 6.78%.

Management Agreement

Under the terms of the Management Agreement, dated September 30, 2014, as amended and restated, among the Co-Issuers and the Guarantors (collectively, the “Securitization Entities”), the Company, Applebee’s Services, Inc., International House of Pancakes, LLC and the Trustee, the Company will act as the manager with respect to substantially all of the assets of the Securitization Entities (the “Securitized Assets”). The primary responsibilities of the manager will be to perform certain franchising, distribution, intellectual property and operational functions on behalf of the Securitization Entities with respect to the Securitized Assets pursuant to the Management Agreement. The manager will be entitled to the payment of the weekly management fee, as set forth in the Management Agreement and will be subject to the liabilities set forth in the Management Agreement.

Covenants and Restrictions

The Notes are subject to a series of covenants and restrictions customary for transactions of this type, including: (i) that the Co-Issuers maintain specified reserve accounts to be used to make required payments in respect of the Notes, (ii) provisions relating to optional and mandatory prepayments, and the related payment of specified amounts, including specified call redemption premiums in the case of the A-2 Notes; (iii) certain indemnification payments in the event, among other things, the transfers of the assets pledged as collateral for the Notes are in stated ways defective or ineffective and (iv) covenants relating to recordkeeping, access to information and similar matters. The Notes are subject to customary rapid amortization events provided for in the Indenture, including events tied to failure of the Securitization Entities (as defined in the Indenture) to maintain the stated debt service coverage ratio (“DSCR”), the sum of domestic retail sales for all restaurants being below certain levels on certain measurement dates, certain manager termination events, certain events of default and the failure to repay or refinance the A-2 Notes on the anticipated repayment dates. The Notes are also subject to certain events of default, including events relating to non-payment of required interest, principal or other amounts due on or with respect to the Notes, failure of the Securitization Entities to maintain the stated DSCR, failure to comply with covenants within certain time frames, certain bankruptcy events, breaches of specified representations and warranties and certain judgments.

In general, the DSCR ratio is Net Cash Flow (as defined in the Indenture) for the four quarters preceding the calculation date divided by the total debt service payments (as defined in the Indenture) of the preceding four quarters. The complete definitions of the DSCR and all calculation elements are contained in the Indenture. Failure to maintain a prescribed DSCR can trigger a Cash Trapping Event, A Rapid Amortization Event, a Manager Termination Event or a Default Event (each as defined in the Indenture) as described below. In a Cash Trapping Event, the Trustee is required to retain respective Cash Trapping Percentage (as defined in the Indenture) of excess cash flow in a restricted account. In a Rapid Amortization Event, all excess cash flow is retained and used to retire principal amounts of debt. In a Manager Termination Event, the Company may be replaced as manager of the assets securitized under the Indenture. In a Default Event, the outstanding principal amount and any accrued but unpaid interest can be called to become immediately due and payable. Key DSCRs are as follows:

•DSCR less than 1.75x - Cash Flow Sweeping Event

•DSCR less than 1.20x - Rapid Amortization Event

•Interest-only DSCR less than 1.20x - Manager Termination Event

•Interest-only DSCR less than 1.10x - Default Event

The Company's DSCR for the reporting period ended December 28, 2025 was approximately 3.0x.

Repurchase Program

On February 16, 2023, the Company's Board of Directors authorized a debt repurchase program of up to $100 million. Repurchases of the Company's debt, if any, are expected to reduce future interest payments, as well as future amounts due at maturity or upon redemption. Under the authorization, the Company may make repurchases of the Company's debt from time to time in the open market or in privately negotiated transactions upon such terms and at such prices as management may determine.

Debt Issuance Costs

Credit Facility

In June 2025, the Company incurred costs of approximately $4.1 million in connection with the issuance of the Credit Facility. These debt issuance costs are deferred along with the unamortized costs of the terminated 2022 Credit Facility and are being amortized over the terms of the new arrangement. Amortization costs of $1.2 million, $1.2 million and $1.2 million were included in interest expense for the years ended December 28, 2025, December 29, 2024 and December 31, 2023. As of December 28, 2025, total unamortized debt issuance costs of $6.3 million related to the Credit Facility are classified as other non-current assets in the Consolidated Balance Sheets.

2025 Class A-2 Notes

The Company incurred costs of approximately $7.6 million in connection with the issuance of the 2025 Class A-2 Notes. These debt issuance costs are being amortized using the effective interest method over estimated life of the 2025 Class A-2 Notes. Amortization costs of $0.7 million were included in interest expense for the year ended December 28, 2025. As of December 28, 2025, unamortized debt issuance costs of $6.8 million are reported as a direct reduction of the 2025 Class A-2 Notes in the Consolidated Balance Sheets.

2023 Class A-2 Notes

The Company incurred costs of approximately $8.0 million in connection with the issuance of the 2023 Class A-2 Notes. These debt issuance costs are being amortized using the effective interest method over the estimated life of the 2023 Class A-2 Notes. Amortization costs of $1.2 million, $1.1 million, and $0.7 million were included in interest expense for the years ended December 28, 2025, December 29, 2024 and December 31, 2023, respectively. As of December 28, 2025, unamortized debt issuance costs of $5.0 million are reported as a direct reduction of the 2023 Class A-2 Notes in the Condensed Consolidated Balance Sheets.

2019 Class A-2-II Notes

Debt issuance costs incurred in connection with the issuance of the 2019 Class A-2-II Notes were amortized using the effective interest method over the estimated life of the 2019 Class A-2-II Notes. The 2019 Class A-2-II Notes amortization costs of $0.4 million, $1.0 million, and $1.6 million were included in interest expense for the years ended December 28, 2025, December 29, 2024 and December 31, 2023, respectively. In connection with the repayment of the 2019 Class A-2-II Notes discussed above, the Company recognized a loss on extinguishment of debt of $0.9 million, representing the remaining unamortized debt issuance costs.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Audit Information	12 Months Ended
Audit Information	Dec. 28, 2025
Auditor Information [Abstract]
Auditor Firm ID	185
Auditor Name	KPMG LLP
Auditor Location	San Diego, California

Leases - Narrative (Details) $ in Millions	Dec. 28, 2025 USD ($)	Dec. 29, 2024 USD ($)	Dec. 31, 2007 parcel
Lessee, Lease, Description [Line Items]
Long-term financing obligations	$ 32.2	$ 34.3
Current financing obligations	5.1
Sale-Leaseback Transactions
Lessee, Lease, Description [Line Items]
Parcels of real property under sale leaseback transaction \| parcel			181
Long-term financing obligations	19.3
Current financing obligations	$ 1.5
IHOP
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term (in years)	5 years
Minimum \| IHOP
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract (in years)	20 years
Minimum \| Applebee's
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract (in years)	10 years
Lessee, operating lease, renewal term (in years)	5 years
Maximum \| IHOP
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract (in years)	25 years
Maximum \| Applebee's
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract (in years)	20 years
Lessee, operating lease, renewal term (in years)	20 years

Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Components of Restricted Cash (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Restricted Cash and Cash Equivalent Item [Line Items]
Total current restricted cash	$ 51.5	$ 42.4
Securitized debt reserves
Restricted Cash and Cash Equivalent Item [Line Items]
Total current restricted cash	46.0	40.0
Applebee's and Fuzzy's advertising funds
Restricted Cash and Cash Equivalent Item [Line Items]
Total current restricted cash	$ 5.5	$ 2.4

Receivables - Schedule of Receivables and Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Receivables
Accounts receivable	$ 75.2	$ 72.0
Gift card receivables	33.3	34.7
Notes receivable	20.9	14.7
Accounts and financing receivable, before allowance for credit loss	159.1	155.8
Less: allowance for doubtful accounts and notes receivable	(6.3)	(4.7)
Receivables, net	152.8	151.1
Less: current portion	(119.0)	(115.2)
Long-term receivables	33.8	35.9
Other receivables
Receivables
Financing receivables	4.9	2.9
Leases receivable
Receivables
Financing receivables	$ 24.8	$ 31.5

Leases - Schedule of Operating Lease Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Leases [Abstract]
Minimum lease payments	$ 89.1	$ 96.0	$ 100.7
Variable lease income	17.1	17.4	17.5
Total operating lease income	$ 106.2	$ 113.4	$ 118.2
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]	Rental revenues	Rental revenues	Rental revenues

Business Acquisition (Tables)

12 Months Ended

Dec. 28, 2025

Business Combination [Abstract]

Schedule of Fair Value Of Net Assets Acquired - Applebee's Franchise Restaurants

The following table summarizes the estimated fair value of net assets acquired at the date of acquisition:


	(In millions)
Off-market leases	$	1.2
Cash	0.9
Inventory and other current assets	0.4
Total identifiable assets acquired	2.5
Liabilities assumed	(2.8)
Net identifiable liabilities acquired	(0.3)
Goodwill	1.6
Consideration transferred	$	1.3

The following table summarizes the estimated fair value of net assets acquired at the date of acquisition:


	(In millions)

Equipment and fixtures	$	1.1
Inventory and other current assets	0.2
Total identifiable assets acquired	1.3
Liabilities assumed	(0.7)

Bargain purchase gain	$	0.6

The following table summarizes the recognized amount of assets acquired and liabilities assumed as of the date of acquisition:


	(In millions)



Equipment and fixtures	$	12.0
Inventory and other current assets	0.9
Reacquired franchise rights	0.3
Off-market leases	(4.1)
Total identifiable assets acquired	9.1


Liabilities assumed	(3.6)

Total identifiable net assets	5.5
Goodwill	2.8
Consideration transferred	$	8.3

Property and Equipment

12 Months Ended

Dec. 28, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment by category:


	December 28, 2025		December 29, 2024
	(In millions)
Leaseholds and improvements	$	226.2	$	222.2
Properties under finance leases	56.5		57.5
Equipment and fixtures	20.1		15.2
Buildings and improvements	44.9		48.2
Construction in progress	16.4		4.3
Internal-use software	74.0		71.5
Land	40.3		44.4
Property and equipment, gross	478.4		463.3
Less: accumulated depreciation and amortization	(317.9)		(307.2)
Property and equipment, net	$	160.5	$	156.1

The Company recorded depreciation expense on property and equipment of $31.0 million, $28.6 million and $24.7 million for the years ended December 28, 2025, December 29, 2024 and December 31, 2023, respectively.

Accumulated depreciation and amortization includes accumulated amortization for properties under finance leases in the amount of $40.9 million and $41.3 million as of December 28, 2025 and December 29, 2024, respectively.

Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 28, 2025

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of Dine Brands Global, Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain amounts in the Consolidated Financial Statements and associated notes may not foot due to rounding.

Fiscal Periods

The Company has a 52/53 week fiscal year that ends on the Sunday nearest to December 31 of each year. In a 52-week fiscal year, each fiscal quarter contains 13 weeks, comprised of two, four-week fiscal months followed by a five-week fiscal month. In a 53-week fiscal year, the last month of the fourth fiscal quarter contains six weeks. There were 52 weeks in our 2025, 2024, and 2023 fiscal years that ended December 28, 2025, December 29, 2024, and December 31, 2023, respectively.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, if any, at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates.

Concentration of Credit Risk

The Company's cash, cash equivalents, restricted cash and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are creditworthy. The Company does not believe that it is exposed to any significant credit risk related to cash, cash equivalents and restricted cash. At times, cash, cash equivalents and restricted cash balances may be in excess of FDIC insurance limits.

Accounts receivable are derived from revenues earned from franchisees and area licensees located primarily in the United States. The Company is subject to a concentration of credit risk with respect to receivables from franchisees that own a large number of IHOP, Applebee's or Fuzzy's restaurants. As of December 28, 2025, two franchisees (one Applebee's franchisee and one franchisee with cross-brand ownership) operated a combined total of 780 IHOP and Applebee's restaurants in the United States, which comprised 24.5% of the total IHOP, Applebee's and Fuzzy's franchise restaurants in the United States. Revenues from these two franchisees represented 19.0%, 22.2%, and 21.1% of total consolidated revenue for the years ended December 28, 2025, December 29, 2024 and December 31, 2023, respectively. Receivables from these franchisees totaled $20.0 million and $20.1 million at December 28, 2025 and December 29, 2024, respectively. One of the two franchisees represented 13.5%, 14.4%, and 13.9% of total consolidated revenue for the years ended December 28, 2025, December 29, 2024 and December 31, 2023, respectively.

Cash and Cash Equivalents

The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. Cash held related to IHOP advertising funds and the Company's gift card programs is not

considered to be restricted cash as there are no restrictions on the use of these funds. The components of cash and cash equivalents were as follows:


	December 28, 2025		December 29, 2024
	(In millions)
Money market funds	$	2.0	$	35.0
Other depository accounts, including IHOP advertising and gift card	126.2		151.7


Total cash and cash equivalents	$	128.2	$	186.7

Restricted Cash

Current

Current restricted cash primarily consisted of funds required to be held in trust in connection with the Company's securitized debt and cash for Applebee's and Fuzzy's advertising funds. The components of current restricted cash were as follows:


	December 28, 2025		December 29, 2024
	(In millions)
Securitized debt reserves	$	46.0	$	40.0
Applebee's and Fuzzy's advertising funds	5.5		2.4

Total current restricted cash	$	51.5	$	42.4

Non-current

Non-current restricted cash of $22.0 million and $19.5 million as of December 28, 2025 and December 29, 2024, respectively, represents one quarter of interest reserves contractually restricted as required under the terms of our debt agreements.

Property and Equipment and Finite-Lived Intangible Assets

Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives. Generally, the estimated useful lives are as follows:


Category						Depreciable Life
Buildings and improvements						25 to 40 years
Leaseholds and improvements						Shorter of primary lease term or useful life (up to 40 years)
Equipment and fixtures						Three to five years
Internal-use software						Three to 10 years
Properties under finance leases						Greater of lease term or remaining useful life
Finite-lived intangible assets						10 to 15 years

The Company assesses whether property and equipment and finite-lived intangible assets that are held and used are impaired whenever events or changes in circumstances indicate the carrying amount may not be recoverable. These assets are primarily made up of property and equipment and ROU assets of Company-owned restaurants, ROU assets leased or subleased to franchisees and Applebee’s and Fuzzy’s franchising rights. When there is an indication an asset may not be recoverable, the analysis requires the asset to be grouped together with assets used to generate cash flows that are largely independent of cash flows generated by other assets of the Company. The sum of the estimated undiscounted future cash flows of the group is compared to its carrying amount. If the carrying amount of the group of assets exceeds the sum of the estimated undiscounted future cash flows, the fair value of the group of assets is required to be determined. The fair value of the group of assets is primarily determined using the discounted cash flows. An impairment charge is recorded for the amount by which the group’s carrying amount exceeds its fair value. For assets of Company-owned restaurants and ROU assets leased or subleased, we generally determine the individual restaurant to be the group of assets. For property and equipment and finite-lived intangible assets held for sale, the group of assets is written down to its fair value, less costs to sell.

See Note 12 - Closure and Long-lived Asset Impairment Charges, of the Notes to the Consolidated Financial Statements for additional information.

Goodwill and Intangible Assets

Goodwill and intangible assets considered to have an indefinite life are required to be tested for impairment annually or more frequently if indicators of impairment exist. Such indicators include, but are not limited to, events or circumstances such as a significant adverse change in our business, climate of the business, unanticipated competition, a loss of key personnel, adverse legal or regulatory developments or a significant decline in the market price of our common stock.

If no indicators of impairment exist, we perform our annual impairment test of goodwill and indefinite-lived intangible assets annually in the fourth fiscal quarter. In doing so, we first perform a qualitative assessment of whether it is more likely than not that an impairment exists. Factors considered in this assessment include, but are not limited to, macro-economic conditions, market and industry conditions, cost considerations, the competitive environment, share price fluctuations, overall financial performance and results of past impairment tests. If we qualitatively determine that it is more likely than not that an impairment exists, we perform a quantitative impairment test. Alternatively, in any given year, we may elect to skip the qualitative assessment and only perform a quantitative assessment of impairment.

Goodwill is tested for impairment at our reporting units. Reporting units are operating segments or one level below an operating segment. In performing a quantitative test for impairment of goodwill, we compare the carrying value of a reporting unit to its fair value. We primarily use a discounted cash flow method of valuation to determine the fair value of a reporting unit. In addition, we may use a market approach that includes the guideline public company method to determine the fair value of a reporting unit or to compare to the value derived from our discounted cash flow. Significant assumptions made by management in estimating fair value under the discounted cash flow model include restaurant sales trends, future development plans, restaurant closures, cost of revenues, operating expenses, and an appropriate discount rate based on our estimated cost of equity capital and after-tax cost of debt. Significant assumptions used to determine fair value under the guideline public company method include the selection of guideline companies and the valuation multiples applied. We believe our assumptions and valuation methodologies are consistent with those that would be used by a market participant.

Our indefinite-lived intangible assets have primarily consisted of the Applebee's and Fuzzy's tradenames. In performing a quantitative impairment test of these, we primarily use the relief from royalty method under the income approach of valuation. Significant assumptions used to determine fair value under the relief from royalty method include future trends in system sales, the royalty rate applied to system sales, and the discount rate used to calculate the present value of the forecasted cash flow stream.

There is an inherent degree of uncertainty in preparing any forecast of future results. Future trends in system sales are dependent to a large degree on national, regional and local economic conditions, and, to a lesser degree, on global economic conditions, particularly those conditions affecting the demographics of the guests that frequently patronize our restaurants. There are numerous potential events that could reasonably be expected to negatively affect the forecast of system sales, from a decrease in customers' disposable income to an unexpected event such as a global pandemic. As a result, our restaurants could experience a decline in system sales as a result of numerous factors.

During the year ended December 28, 2025, the Company performed a qualitative test of goodwill and the Applebee’s tradename and a quantitative test of Fuzzy's tradename, using the approaches described above. Based on our qualitative assessment of goodwill and the Applebee’s tradename we determined it was more likely than not that the fair value of the reporting units and Applebee’s tradename were greater than their respective carrying values. Our quantitative test of the Fuzzy’s tradename showed that the fair value was less than its carrying value and we recorded a non-cash impairment charge of $29.0 million in the fourth quarter in the Franchise segment. In fiscal year 2024, our quantitative test of goodwill determined that the fair value of the Fuzzy’s reporting unit was less than its carrying value and we recorded a non-cash impairment charge of $7.1 million during the year in the Franchise segment.

Business Combinations

From time to time, the Company may enter into business combinations. The Company applies the acquisition method of accounting for acquisitions that meet the definition of a business. Under the acquisition method, the Company estimates the fair value of the identifiable assets and liabilities of the acquired entity as of the acquisition date. Acquired intangible assets are valued using different methods under the income approach, including but not limited to, the relief from royalty method. The Company measures goodwill as the excess of consideration transferred and liabilities assumed over the fair values of the identifiable assets acquired. Goodwill is assigned to each reporting unit that is expected to benefit from the synergies of the business combination. Acquisition-related expenses and transaction costs associated with business combinations are expensed in the period incurred.

Revenue Recognition

The Company's revenues are primarily derived from franchise operations, company-owned restaurant operations, and rental operations. Franchise revenues and revenues from company-owned restaurants are recognized upon transfer of control of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive for those goods or services.

Franchise Segment Revenues

The intellectual property subject to the franchise license is symbolic intellectual property as it does not have significant standalone functionality. Substantially all the utility is derived from its association with the Company’s past or ongoing activities. The nature of the Company’s promise in granting the franchise license is to provide the franchisee with access to the brand’s symbolic intellectual property over the term of the license.

Accordingly, the Franchise Segment revenues are recognized as follows:

•Franchise and development fees – recognized on a straight-line basis over the term of the franchise agreement commencing with the restaurant opening date. As these fees are typically received in cash at or near the beginning of the franchise term, the cash received is initially recorded as a contract liability until recognized as revenue;

•Royalties and advertising fees – recognized as the franchisee's sales occur. Depending on timing within a fiscal period, the recognition of revenue results in either a contract asset (unbilled receivable) or, once billed, accounts receivable, on the balance sheet;

•Revenues from the sales of proprietary products (primarily pancake and waffle dry mix) are recognized in the period in which distributors ship the franchisee's order.

From time to time, the Company may provide franchisee incentives to develop restaurants in conducting its franchising activities. Generally, the Company recognizes incentives as a contract asset amortized against revenues over the expected term of the franchise agreement. Franchising arrangements do not contain a significant financing component.

Company-Owned Restaurant Revenues

Company-owned restaurant revenues represent sales of food and beverage items at company-owned restaurants and are recognized as these services are delivered to the customer. Company-owned restaurant revenues are reported net of sales taxes collected from guests that are remitted to the appropriate taxing authorities.

Rental Revenues

Rental revenues consist primarily of revenues from operating leases and interest income from real estate leases of property we own and lease to franchisees and leases from third parties and we then sublease to franchisees. Revenues are generally recognized over the term of the lease, beginning when control over the leased space is given to the franchisee.

Gift Card

The Company administers gift card programs for each restaurant concept. The Company records a liability in the period in which a gift card is sold and recognizes costs associated with its administration of the gift card programs as a prepaid asset when the costs are incurred. The liability and prepaid asset recorded on the Company's balance sheet are relieved when a gift card is redeemed and settlement with the restaurant where redemption occurred takes place. If redemption occurs at a restaurant of a franchisee, the gift card proceeds, net of costs, are remitted to the franchisee.

Allowance for Credit Losses

The Company's receivables and long-term receivables balances are primarily comprised of receivables from franchisees, distributors, and gift card vendors. Generally, accounts receivables are due from franchisees for royalty, advertising and other franchise-related fees, and from distributors related to the sale of proprietary products to franchisees through the Company's network of suppliers and distributors. Gift card receivables primarily consist of amounts due from third-party vendors for cash collected on purchased cards. Notes receivable balances primarily relate to the conversion of certain past due franchisee accounts receivable, cash loans to franchisees for working capital purposes, or financing of the sale of IHOP and Applebee's company restaurants and franchise fees. Interest accrues on notes receivable based on the contractual terms. Leases receivable primarily relate to the Previous IHOP Business Model.

The Company closely monitors the financial condition of our franchisees and estimates the allowance for credit losses based on historical collection experience, credit quality, and current market conditions.

Leases

Lessee arrangements:

The Company leases property under various operating and finance leases. An arrangement is or contains a lease if the Company receives substantially all the economic benefits and can direct the use of the asset. Operating lease assets (right-of-use or ROU) represent the right to use the asset over the lease term and are based on the operating lease liabilities adjusted for prepayments, certain costs, lease incentives and impairments of the asset. Lease liabilities represent the present value of lease payments not yet paid. The Company does not separate lease and non-lease components but has elected to include non-lease components in its ROU asset and lease liability calculation. The subsequent measurement of a lease is dependent on whether the lease is classified as an operating lease or a finance lease. Leases with initial term of twelve months or less are not recorded on the balance sheets.

The Company uses its incremental borrowing rate (IBR) which is defined as the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount over a similar term as the lease payments.

The cost of an operating lease is generally recognized over the lease term on a straight-line basis. Certain leases may include rent escalations based on an index or contain contingent rental provisions that include a fixed base rent plus an additional percentage of the restaurant’s sales. Subsequent escalations subject to such an index and contingent rental payments are recognized as variable lease expense in the period they occur.

As a lessee, rental payments on finance leases are recognized as interest expense and amortized as a reduction of finance lease obligation.

Lessor arrangements:

As part of its business, the Company enters into lease arrangements with certain franchisees that grants them the right to use properties to operate restaurants. The Company accounts for its lease agreements with franchisees as either an operating or sales-type lease.

The underlying assets subject to operating leases are shown in the Company’s Consolidated Balance Sheets and are depreciated in accordance with its depreciation policies. Revenue from operating leases is recognized on a straight-line basis over the lease term. The Company recognizes a net investment in its sales type leases at the lease commencement date. The net investment consists of a lease receivable and the expected unguaranteed residual value, if any. Interest income on the net investment in the lease is recognized using the effective interest method to produce a consistent yield over the lease term. For sales-type leases, the Company recognizes a profit at the lease commencement date.

The Company’s lease agreements with its franchisees include fixed lease payments and, in certain cases, may include variable lease payments based on a percentage of restaurant sales. The Company does not separate lease and non-lease components for its leases for which it is a lessor.

The lease term is determined at the lease commencement date as the noncancelable period plus any period subject to a renewal option that is deemed reasonably certain of being exercised. Generally, the Company does not include the renewal options as part of the lease term as it does not believe that it is reasonably certain that such options will be exercised.

Pre-opening Expenses

Expenditures related to the opening of new or relocated restaurants, such as training and labor costs, professional fees, and general and administrative expenses are charged to expense when incurred.

Advertising

Advertising expense reflected in the Consolidated Statements of Comprehensive Income represents the advertising and marketing costs of our advertising funds that we administer for our brands. Our company-owned restaurants also incur costs for their contributions to the funds. Costs of advertising are typically expensed the first time the advertising airs. Any excess of revenues over expenses is recognized only to the extent of previously recognized deficits. When advertising revenues exceed the related advertising expenses and there is no recovery of a previously recognized deficit, advertising costs are accrued up to the amount of revenues.

Fair Value Measurements

For financial assets and liabilities, as well as non-financial assets and liabilities that are recognized or disclosed at fair value, we may use the following inputs to derive the fair value:

•Level 1 inputs are quoted prices in active markets for identical assets or liabilities.

•Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities.

•Level 3 inputs are unobservable and reflect the Company's own assumptions.

The Company believes the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their carrying amounts due to their short duration.


	December 28, 2025		December 29, 2024
	(In millions)
Face Value	$	1,100.0	$	1,094.0
Fair Value	$	1,112.3	$	1,095.5

Income Taxes

The Company utilizes the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates. The Company recognizes a tax benefit only to the extent it is more likely than not that the tax position will be sustained by taxing authorities based on its technical merits. A valuation allowance is recorded when it is more likely than not that some portion or all of a deferred tax asset may not be realized. The Company records an estimated tax liability to the extent a contingency is probable and can be reasonably estimated. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as a component of the income tax expense recognized in the Consolidated Statements of Comprehensive Income.

Stock-Based Compensation

The Company accounts for all stock-based payments to employees and non-employee directors, including grants of stock options, restricted stock, restricted stock units and performance units to be recognized in the financial statements, based on their grant date fair values. The value of the portion of the award that is ultimately expected to vest is recognized as expense ratably over the requisite service periods.

The grant date fair value of restricted stock and stock-settled restricted stock units is determined based on the Company's stock price on the grant date. The Company estimates the grant date fair value of stock option awards using the Black-Scholes option pricing model, which considers, among other factors, a risk-free interest rate, the expected life of the award and the volatility of the Company's stock price. The Company estimates the grant date fair value of its long-term cash incentive awards (“LTIP awards”) using a Monte Carlo simulation which considers, among other factors, the performance-based market condition, a risk-free interest rate, the expected life of the award and the historical volatility of the Company's stock price.

The Company estimates forfeitures for its restricted stock, stock-settled restricted stock units, and stock option plans at the time of grant based on historical turnover rates. As of December 28, 2025, the Company used a forfeiture rate of 14%. If actual forfeitures differ from this estimate, adjustments to compensation expense are recorded in the period the estimate is revised.

Net Income Per Share

Net income per share is calculated using the two-class method prescribed in U.S. GAAP. Basic net income (loss) per share is computed by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding and dilutive potential shares of common stock. The Company uses the treasury stock method to calculate the weighted average shares used in the diluted earnings per share calculation. Dilutive potential common shares include the assumed exercise of stock options. The Company had no dilutive potential shares outstanding for the periods presented.

Treasury Stock

Repurchases of the Company's common stock are included in treasury stock at the cost of shares repurchased which includes transaction costs. Treasury stock may be re-issued when vested stock options are exercised, when restricted stock

awards are granted and when restricted stock units vest. The cost of treasury stock re-issued is determined on the first-in, first-out (“FIFO”) method.

Dividends

Dividends declared on common stock are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the dividend declaration. Dividends declared in excess of retained earnings are recorded as a reduction of additional paid-in capital.

Reportable Segments

The Company's Chief Executive Officer is the chief operating decision maker ("CODM"). The CODM regularly reviews revenues, segment profit and segment operating profits to allocate resources and assess performance against the annual budget and current forecasts. Based on the information regularly reviewed by the CODM, we have determined the Company has six operating segments: IHOP domestic franchise, Applebee's domestic franchise, Fuzzy's franchise, international franchise, Company-owned restaurants and Rental. The Company has three reportable segments: Franchise, Company-owned Restaurants and Rental. Prior to fiscal 2025, the Company used to report results inclusive of a Financing Segment. Given the insignificance of the operations from financing activities, the CODM no longer receives information related to financing activities and those activities are now reported in our Rental Segment. Fiscal years 2024 and 2023 have been recast to reflect that change. We do not present a measure of assets for our reportable segments as this information is not used by the CODM to allocate resources or assess performance.

Franchise Segment

As of December 28, 2025, the franchise reportable segment consisted of 1,520 restaurants operated by Applebee's franchisees, 1,812 restaurants operated by IHOP franchisees and area licensees, and 105 restaurants operated by Fuzzy's franchisees.

Franchise operations expenses include advertising expense, the cost of proprietary products, bad debt expense, pre-opening training expenses and other franchise-related costs.

Company-Owned Restaurants Segment

As of December 28, 2025, the Company owned 59 Applebee's restaurants, 12 IHOP restaurants and one Fuzzy's restaurant, all in the United States.

Company-owned restaurant expenses are operating expenses at company-owned restaurants and include food, beverage, labor, benefits, utilities, rent and other operating costs.

Rental Segment

Rental expenses are costs of operating leases and interest expense of finance leases. The Rental activities are primarily related to activities with IHOP franchisees. Applebee's and Fuzzy's have no or an insignificant amount of rental activity.

Accounting Standards Adopted in the Current Fiscal Year

In December 2025, the Company adopted ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09)." The standard requires a reconciliation of a company’s effective tax rate in both dollar amount and percentage as well as information on income taxes paid. The Company adopted ASU 2023-09 on a prospective basis. Accordingly, prior period disclosures have not been adjusted to reflect the new disclosure requirements. Refer to Note 15 - Income Taxes in the Notes to Consolidated Financial Statements for additional details.

Newly Issued Accounting Standards Not Yet Adopted

In November 2024, the FASB issued ASU No. 2024-03, "Disaggregation of Income Statement Expenses," which requires public business entities to provide disaggregated disclosures of certain expense categories that are included in expense line items on the Statement of Comprehensive Income. The guidance is effective for the Company for annual periods beginning in 2027 and interim periods beginning in 2028. The Company is currently evaluating the impact of adopting this ASU on our disclosures.

Leases - Schedule of Lease Payments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Leases [Abstract]
Cash paid on operating leases	$ 89.0	$ 83.8	$ 75.2
Cash paid on finance leases	$ 5.0	$ 5.6	$ 6.4

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 28, 2025
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans 401(k) Savings and Investment Plan The Company matches 100% of the first four percent of the employee's eligible compensation deferral and 50% of the next two percent of the employee's eligible compensation deferral. All contributions under this plan vest immediately. Substantially all of the administrative cost of the 401(k) plan is borne by the Company. For the years ended December 28, 2025, December 29, 2024 and December 31, 2023 the Company's matching contribution expense was $3.8 million, $3.4 million and $3.3 million, respectively.

Net Income Per Share (Tables)

12 Months Ended

Dec. 28, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings per Share

The computation of the Company's basic and diluted net income per share for the years then ended is as follows:



	2025		2024		2023
	(in millions, except per share data)
Numerator for basic and diluted income per common share
Net income	$	17.1	$	64.9	$	97.2
Less: Net income allocated to restricted stock	(1.1)		(1.9)		(2.3)
Net income available to common stockholders - basic and diluted	16.0		63.0		94.9


Denominator
Weighted average outstanding shares of common stock - basic	14.3		14.9		15.2


Weighted average outstanding shares of common stock - diluted	14.3		14.9		15.2
Net income per common share
Basic	$	1.11	$	4.22	$	6.23
Diluted	$	1.11	$	4.22	$	6.22

The Company (Details)	Dec. 28, 2025 restaurant uSState territory country
IHOP
Franchisor Disclosure [Line Items]
Number of restaurants	1,824
Number of states in which entity operates \| uSState	48
Number of territories in which entity operates \| territory	2
Number of countries outside the United States in which the entity operates \| country	17
IHOP \| Franchised
Franchisor Disclosure [Line Items]
Number of restaurants	1,658
IHOP \| Licensing Agreements
Franchisor Disclosure [Line Items]
Number of restaurants	154
Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants	1,579
Number of states in which entity operates \| uSState	49
Number of territories in which entity operates \| territory	2
Number of countries outside the United States in which the entity operates \| country	17
Fuzzy's
Franchisor Disclosure [Line Items]
Number of restaurants	106
Number of states in which entity operates \| uSState	14
Fuzzy's \| Franchised
Franchisor Disclosure [Line Items]
Number of restaurants	105
Fuzzy's \| Company-Owned
Franchisor Disclosure [Line Items]
Number of restaurants	1

Leases - Schedule of Components of Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Finance lease cost:
Amortization of right-of-use assets	$ 2.7	$ 2.6	$ 2.5
Interest on lease liabilities	2.7	2.9	2.8
Operating lease cost	81.9	74.1	75.3
Variable lease cost	7.9	8.0	7.8
Short-term lease cost	0.0	0.0	0.0
Lease cost	$ 95.2	$ 87.6	$ 88.4

Income Taxes - Schedule Of Effective Income Tax Rate Reconcilliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Amount
U.S Federal statutory tax rate	$ 5.3
State and local income taxes, net of federal income tax effect	2.0
Total foreign tax effects	1.6
Effect of changes in tax laws or rates enacted in the current period	0.0
Foreign tax credit	(1.5)
Foreign-derived intangible income (FDII)	(0.3)
Total effect of cross-border tax laws	(1.8)
R&D tax credit	(0.6)
FICA tip credit	(0.4)
Total tax credits	(1.0)
Changes in valuation allowances	0.4
Nondeductible stock compensation	1.3
Nondeductible officer's compensation	0.9
Other nontaxable or nondeductible items	0.1
Total nontaxable or nondeductible items	2.3
Changes in unrecognized tax benefits	(0.8)
Other adjustments	0.1
Provision (benefit) for income taxes	$ 8.1	$ 24.7	$ 14.5
Percent
U.S Federal statutory tax rate	21.00%	21.00%	21.00%
Non-deductibility of goodwill		0.40%	0.00%
Non-deductibility of officer's compensation		1.10%	1.10%
State and local income taxes, net of federal income tax effect	7.80%	3.90%	3.80%
State income tax audit settlement		0.00%	(13.50%)
Excess tax deficiencies or (benefits)		1.20%	(0.70%)
Change in unrecognized tax benefits		0.00%	1.10%
Total foreign tax effects	6.50%
Effect of changes in tax laws or rates enacted in the current period	0.00%
Foreign tax credit	(6.10%)
Foreign-derived intangible income (FDII)	(1.00%)
Total effect of cross-border tax laws	(7.10%)
R&D tax credit	(2.40%)
FICA tip credit	(1.60%)
Total tax credits	(4.00%)	(0.70%)	(0.70%)
Changes in valuation allowances	1.60%	0.80%	0.70%
Changes in tax rates and state tax laws		0.60%	0.00%
Nondeductible stock compensation	5.30%
Nondeductible officer's compensation	0.038
Other nontaxable or nondeductible items	0.30%
Total nontaxable or nondeductible items	9.30%
Changes in unrecognized tax benefits	(3.20%)
Other adjustments	0.10%	(0.80%)	0.20%
Effective tax rate	32.00%	27.50%	13.00%
Mexico
Amount
Total foreign tax effects	$ 0.5
Percent
Total foreign tax effects	2.00%
Puerto Rico
Amount
Total foreign tax effects	$ 0.3
Percent
Total foreign tax effects	1.40%
Canada
Amount
Total foreign tax effects	$ 0.3
Percent
Total foreign tax effects	0.80%
Other jurisdictions
Amount
Total foreign tax effects	$ 0.5
Percent
Total foreign tax effects	2.30%

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income	$ 17.1	$ 64.9	$ 97.2
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization	42.9	39.2	35.6
Non-cash stock-based compensation expense	13.2	16.0	12.0
Non-cash closure and impairment charges	40.0	9.2	3.6
Non-cash interest expense	3.6	3.3	3.5
Deferred income taxes	(3.5)	(6.5)	(13.8)
Loss on extinguishment of debt	0.9	0.0	0.0
Provision for doubtful accounts	3.4	0.7	0.0
(Gain) loss on disposition of assets	(0.4)	(3.2)	2.4
Other	(2.7)	(4.2)	(3.6)
Changes in operating assets and liabilities:
Receivables	(9.6)	(1.4)	1.9
Prepaid expenses	(9.9)	8.3	3.1
Other assets	(9.1)	4.8	9.0
Operating lease assets and liabilities	(13.5)	(12.5)	7.3
Gift card receivables and payables	4.8	(0.7)	5.1
Accounts payable and other accrued expenses	14.0	(7.1)	(28.9)
Accrued interest payable	0.9	(0.1)	1.0
Deferred revenue	(3.1)	(2.5)	(4.2)
Cash flows provided by operating activities	89.0	108.2	131.2
Cash flows from investing activities
Principal receipts from notes, equipment contracts and other long-term receivables	8.1	12.3	9.3
Additions to property and equipment	(35.6)	(14.1)	(37.2)
Proceeds from sale of property and equipment	1.1	3.0	0.0
Additions to long-term receivables	(4.7)	(0.7)	(1.1)
Acquisition of business, net of cash acquired	1.6	(8.5)	(0.1)
Other	(2.0)	(0.5)	(1.0)
Cash flows used in investing activities	(31.6)	(8.5)	(30.1)
Cash flows from financing activities
Proceeds from issuance of long-term debt, including revolving line of credit	600.0	0.0	530.0
Repayment of long-term debt	(594.0)	0.0	(651.7)
Repayments of revolving credit facility	0.0	0.0	(30.0)
Payment of debt issuance costs	(11.6)	0.0	(8.0)
Dividends paid on common stock	(31.0)	(31.3)	(31.7)
Repurchase of common stock	(60.7)	(12.1)	(26.1)
Principal payments of finance lease and financing obligations	(5.0)	(5.6)	(6.4)
Proceeds from stock options exercised	0.0	0.0	3.8
Repurchase of restricted stock for tax payments upon vesting	(2.0)	(2.7)	(4.4)
Tax payments for share settlement of restricted stock units	0.0	0.0	(0.9)
Cash flows used in financing activities	(104.3)	(51.7)	(225.4)
Net change in cash, cash equivalents and restricted cash	(46.9)	48.0	(124.4)
Cash, cash equivalents and restricted cash at beginning of year	248.6	200.6	325.0
Cash, cash equivalents and restricted cash at end of year	201.7	248.6	200.6
Supplemental disclosures
Interest paid	83.7	79.2	74.0
Income taxes paid	15.9	38.3	28.4
Non-cash conversion of notes receivable	2.3	3.3	1.4
Non-cash balance sheet gross-up of receivables and other accrued expenses	$ 0.0	$ 11.0	$ (11.0)

Reportable Segments (Details) - USD ($) $ in Millions	12 Months Ended
Reportable Segments (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total revenues	$ 879.3	$ 812.3	$ 831.1
Gross profit	359.3	375.3	396.7
Stock based compensation (direct)	15.9	16.3	10.6
(Gain) loss on disposition of assets	(0.5)	(3.2)	2.4
Interest expense, net	78.0	72.1	70.0
Closure and impairment charges	40.0	9.2	3.6
Amortization of intangible assets	11.9	10.8	10.9
Loss on extinguishment of debt	0.9	0.0	0.0
Income before income taxes	25.2	89.5	111.7
Advertising revenues
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	281.8	290.4	300.8
Operating Segments
Segment Reporting Information [Line Items]
Total revenues	879.3	812.3	831.1
Interest expense from finance leases	2.7	2.9	2.8
Depreciation and amortization	13.3	11.0	11.4
Other segment items	222.2	132.7	119.4
Gross profit	359.3	375.3	396.7
Stock based compensation (direct)	3.6	5.7	2.5
(Gain) loss on disposition of assets	(0.5)	(3.2)	0.6
Other G&A expenses (direct and allocated)	132.9	119.3	126.9
Segment operating profit	223.3	253.5	266.7
Operating Segments \| Advertising revenues
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	281.8	290.4	300.8
Operating Segments \| Revenues excluding advertising revenue
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	597.5	521.9	530.3
Operating Segments \| Franchise
Segment Reporting Information [Line Items]
Total revenues	665.5	686.0	706.4
Interest expense from finance leases	0.0	0.0	0.0
Depreciation and amortization	0.6	1.4	1.1
Other segment items	40.8	48.0	42.5
Gross profit	342.3	346.1	362.0
Stock based compensation (direct)	3.6	5.7	2.5
(Gain) loss on disposition of assets	(0.5)	0.0	0.0
Other G&A expenses (direct and allocated)	125.0	119.3	126.9
Segment operating profit	214.2	221.1	232.5
Operating Segments \| Franchise \| Advertising revenues
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	281.8	290.4	300.8
Operating Segments \| Franchise \| Revenues excluding advertising revenue
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	383.7	395.5	405.6
Operating Segments \| Company-Owned Restaurants
Segment Reporting Information [Line Items]
Total revenues	104.6	9.3	2.1
Interest expense from finance leases	0.0	0.0	0.0
Depreciation and amortization	3.1	(0.6)	(0.2)
Other segment items	109.5	10.5	2.4
Gross profit	(8.1)	(0.6)	0.0
Stock based compensation (direct)	0.0	0.0	0.0
(Gain) loss on disposition of assets	0.0	(2.2)	0.2
Other G&A expenses (direct and allocated)	7.9	0.0	0.0
Segment operating profit	(16.0)	1.6	(0.2)
Operating Segments \| Company-Owned Restaurants \| Advertising revenues
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	0.0	0.0	0.0
Operating Segments \| Company-Owned Restaurants \| Revenues excluding advertising revenue
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	104.6	9.3	2.1
Operating Segments \| Rental
Segment Reporting Information [Line Items]
Total revenues	109.3	117.1	122.6
Interest expense from finance leases	2.7	2.9	2.8
Depreciation and amortization	9.6	10.1	10.5
Other segment items	71.9	74.2	74.6
Gross profit	25.0	29.9	34.7
Stock based compensation (direct)	0.0	0.0	0.0
(Gain) loss on disposition of assets	0.0	(1.0)	0.3
Other G&A expenses (direct and allocated)	0.0	0.0	0.0
Segment operating profit	25.0	30.9	34.4
Operating Segments \| Rental \| Advertising revenues
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	0.0	0.0	0.0
Operating Segments \| Rental \| Revenues excluding advertising revenue
Segment Reporting Information [Line Items]
Revenues excluding advertising revenue	109.3	117.1	122.6
Segment Reporting Excluding Corporate Expenditure
Segment Reporting Information [Line Items]
Depreciation and amortization	17.5	17.4	13.3
Stock based compensation (direct)	9.6	10.2	9.5
(Gain) loss on disposition of assets			1.8
Other G&A expenses (direct and allocated)	40.2	44.2	45.8
Interest expense, net	78.0	72.1	70.0
Closure and impairment charges	40.0	9.2	3.6
Amortization of intangible assets	11.9	10.8	10.9
Loss on extinguishment of debt	0.9
Income before income taxes	$ 25.2	$ 89.5	$ 111.7

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 28, 2025
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Dine Brands Global, Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Certain amounts in the Consolidated Financial Statements and associated notes may not foot due to rounding.
Fiscal Periods	Fiscal Periods The Company has a 52/53 week fiscal year that ends on the Sunday nearest to December 31 of each year. In a 52-week fiscal year, each fiscal quarter contains 13 weeks, comprised of two, four-week fiscal months followed by a five-week fiscal month. In a 53-week fiscal year, the last month of the fourth fiscal quarter contains six weeks.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, if any, at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk The Company's cash, cash equivalents, restricted cash and accounts receivable are potentially subject to concentration of credit risk. Cash and cash equivalents are placed with financial institutions that management believes are creditworthy. The Company does not believe that it is exposed to any significant credit risk related to cash, cash equivalents and restricted cash. At times, cash, cash equivalents and restricted cash balances may be in excess of FDIC insurance limits. Accounts receivable are derived from revenues earned from franchisees and area licensees located primarily in the United States. The Company is subject to a concentration of credit risk with respect to receivables from franchisees that own a large number of IHOP, Applebee's or Fuzzy's restaurants.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. Cash held related to IHOP advertising funds and the Company's gift card programs is not considered to be restricted cash as there are no restrictions on the use of these funds.
Restricted Cash	Restricted Cash Current Current restricted cash primarily consisted of funds required to be held in trust in connection with the Company's securitized debt and cash for Applebee's and Fuzzy's advertising funds. Non-current Non-current restricted cash of $22.0 million and $19.5 million as of December 28, 2025 and December 29, 2024, respectively, represents one quarter of interest reserves contractually restricted as required under the terms of our debt agreements.
Property and Equipment and Finite-Lived Intangible Assets	Property and Equipment and Finite-Lived Intangible Assets Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives. The Company assesses whether property and equipment and finite-lived intangible assets that are held and used are impaired whenever events or changes in circumstances indicate the carrying amount may not be recoverable. These assets are primarily made up of property and equipment and ROU assets of Company-owned restaurants, ROU assets leased or subleased to franchisees and Applebee’s and Fuzzy’s franchising rights. When there is an indication an asset may not be recoverable, the analysis requires the asset to be grouped together with assets used to generate cash flows that are largely independent of cash flows generated by other assets of the Company. The sum of the estimated undiscounted future cash flows of the group is compared to its carrying amount. If the carrying amount of the group of assets exceeds the sum of the estimated undiscounted future cash flows, the fair value of the group of assets is required to be determined. The fair value of the group of assets is primarily determined using the discounted cash flows. An impairment charge is recorded for the amount by which the group’s carrying amount exceeds its fair value. For assets of Company-owned restaurants and ROU assets leased or subleased, we generally determine the individual restaurant to be the group of assets. For property and equipment and finite-lived intangible assets held for sale, the group of assets is written down to its fair value, less costs to sell.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill and intangible assets considered to have an indefinite life are required to be tested for impairment annually or more frequently if indicators of impairment exist. Such indicators include, but are not limited to, events or circumstances such as a significant adverse change in our business, climate of the business, unanticipated competition, a loss of key personnel, adverse legal or regulatory developments or a significant decline in the market price of our common stock. If no indicators of impairment exist, we perform our annual impairment test of goodwill and indefinite-lived intangible assets annually in the fourth fiscal quarter. In doing so, we first perform a qualitative assessment of whether it is more likely than not that an impairment exists. Factors considered in this assessment include, but are not limited to, macro-economic conditions, market and industry conditions, cost considerations, the competitive environment, share price fluctuations, overall financial performance and results of past impairment tests. If we qualitatively determine that it is more likely than not that an impairment exists, we perform a quantitative impairment test. Alternatively, in any given year, we may elect to skip the qualitative assessment and only perform a quantitative assessment of impairment. Goodwill is tested for impairment at our reporting units. Reporting units are operating segments or one level below an operating segment. In performing a quantitative test for impairment of goodwill, we compare the carrying value of a reporting unit to its fair value. We primarily use a discounted cash flow method of valuation to determine the fair value of a reporting unit. In addition, we may use a market approach that includes the guideline public company method to determine the fair value of a reporting unit or to compare to the value derived from our discounted cash flow. Significant assumptions made by management in estimating fair value under the discounted cash flow model include restaurant sales trends, future development plans, restaurant closures, cost of revenues, operating expenses, and an appropriate discount rate based on our estimated cost of equity capital and after-tax cost of debt. Significant assumptions used to determine fair value under the guideline public company method include the selection of guideline companies and the valuation multiples applied. We believe our assumptions and valuation methodologies are consistent with those that would be used by a market participant. Our indefinite-lived intangible assets have primarily consisted of the Applebee's and Fuzzy's tradenames. In performing a quantitative impairment test of these, we primarily use the relief from royalty method under the income approach of valuation. Significant assumptions used to determine fair value under the relief from royalty method include future trends in system sales, the royalty rate applied to system sales, and the discount rate used to calculate the present value of the forecasted cash flow stream. There is an inherent degree of uncertainty in preparing any forecast of future results. Future trends in system sales are dependent to a large degree on national, regional and local economic conditions, and, to a lesser degree, on global economic conditions, particularly those conditions affecting the demographics of the guests that frequently patronize our restaurants. There are numerous potential events that could reasonably be expected to negatively affect the forecast of system sales, from a decrease in customers' disposable income to an unexpected event such as a global pandemic. As a result, our restaurants could experience a decline in system sales as a result of numerous factors. During the year ended December 28, 2025, the Company performed a qualitative test of goodwill and the Applebee’s tradename and a quantitative test of Fuzzy's tradename, using the approaches described above. Based on our qualitative assessment of goodwill and the Applebee’s tradename we determined it was more likely than not that the fair value of the reporting units and Applebee’s tradename were greater than their respective carrying values. Our quantitative test of the Fuzzy’s tradename showed that the fair value was less than its carrying value and we recorded a non-cash impairment charge of $29.0 million in the fourth quarter in the Franchise segment. In fiscal year 2024, our quantitative test of goodwill determined that the fair value of the Fuzzy’s reporting unit was less than its carrying value and we recorded a non-cash impairment charge of $7.1 million during the year in the Franchise segment.
Business Combinations	Business Combinations From time to time, the Company may enter into business combinations. The Company applies the acquisition method of accounting for acquisitions that meet the definition of a business. Under the acquisition method, the Company estimates the fair value of the identifiable assets and liabilities of the acquired entity as of the acquisition date. Acquired intangible assets are valued using different methods under the income approach, including but not limited to, the relief from royalty method. The Company measures goodwill as the excess of consideration transferred and liabilities assumed over the fair values of the identifiable assets acquired. Goodwill is assigned to each reporting unit that is expected to benefit from the synergies of the business combination. Acquisition-related expenses and transaction costs associated with business combinations are expensed in the period incurred.
Revenue Recognition	Revenue Recognition The Company's revenues are primarily derived from franchise operations, company-owned restaurant operations, and rental operations. Franchise revenues and revenues from company-owned restaurants are recognized upon transfer of control of promised goods or services to customers in an amount that reflects the consideration the Company expects to receive for those goods or services. Franchise Segment Revenues The intellectual property subject to the franchise license is symbolic intellectual property as it does not have significant standalone functionality. Substantially all the utility is derived from its association with the Company’s past or ongoing activities. The nature of the Company’s promise in granting the franchise license is to provide the franchisee with access to the brand’s symbolic intellectual property over the term of the license. Accordingly, the Franchise Segment revenues are recognized as follows: •Franchise and development fees – recognized on a straight-line basis over the term of the franchise agreement commencing with the restaurant opening date. As these fees are typically received in cash at or near the beginning of the franchise term, the cash received is initially recorded as a contract liability until recognized as revenue; •Royalties and advertising fees – recognized as the franchisee's sales occur. Depending on timing within a fiscal period, the recognition of revenue results in either a contract asset (unbilled receivable) or, once billed, accounts receivable, on the balance sheet; •Revenues from the sales of proprietary products (primarily pancake and waffle dry mix) are recognized in the period in which distributors ship the franchisee's order. From time to time, the Company may provide franchisee incentives to develop restaurants in conducting its franchising activities. Generally, the Company recognizes incentives as a contract asset amortized against revenues over the expected term of the franchise agreement. Franchising arrangements do not contain a significant financing component. Company-Owned Restaurant Revenues Company-owned restaurant revenues represent sales of food and beverage items at company-owned restaurants and are recognized as these services are delivered to the customer. Company-owned restaurant revenues are reported net of sales taxes collected from guests that are remitted to the appropriate taxing authorities. Rental Revenues Rental revenues consist primarily of revenues from operating leases and interest income from real estate leases of property we own and lease to franchisees and leases from third parties and we then sublease to franchisees. Revenues are generally recognized over the term of the lease, beginning when control over the leased space is given to the franchisee. Gift Card The Company administers gift card programs for each restaurant concept. The Company records a liability in the period in which a gift card is sold and recognizes costs associated with its administration of the gift card programs as a prepaid asset when the costs are incurred. The liability and prepaid asset recorded on the Company's balance sheet are relieved when a gift card is redeemed and settlement with the restaurant where redemption occurred takes place. If redemption occurs at a restaurant of a franchisee, the gift card proceeds, net of costs, are remitted to the franchisee.
Allowance for Credit Losses	Allowance for Credit Losses The Company's receivables and long-term receivables balances are primarily comprised of receivables from franchisees, distributors, and gift card vendors. Generally, accounts receivables are due from franchisees for royalty, advertising and other franchise-related fees, and from distributors related to the sale of proprietary products to franchisees through the Company's network of suppliers and distributors. Gift card receivables primarily consist of amounts due from third-party vendors for cash collected on purchased cards. Notes receivable balances primarily relate to the conversion of certain past due franchisee accounts receivable, cash loans to franchisees for working capital purposes, or financing of the sale of IHOP and Applebee's company restaurants and franchise fees. Interest accrues on notes receivable based on the contractual terms. Leases receivable primarily relate to the Previous IHOP Business Model. The Company closely monitors the financial condition of our franchisees and estimates the allowance for credit losses based on historical collection experience, credit quality, and current market conditions.
Leases	Leases Lessee arrangements: The Company leases property under various operating and finance leases. An arrangement is or contains a lease if the Company receives substantially all the economic benefits and can direct the use of the asset. Operating lease assets (right-of-use or ROU) represent the right to use the asset over the lease term and are based on the operating lease liabilities adjusted for prepayments, certain costs, lease incentives and impairments of the asset. Lease liabilities represent the present value of lease payments not yet paid. The Company does not separate lease and non-lease components but has elected to include non-lease components in its ROU asset and lease liability calculation. The subsequent measurement of a lease is dependent on whether the lease is classified as an operating lease or a finance lease. Leases with initial term of twelve months or less are not recorded on the balance sheets. The Company uses its incremental borrowing rate (IBR) which is defined as the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount over a similar term as the lease payments. The cost of an operating lease is generally recognized over the lease term on a straight-line basis. Certain leases may include rent escalations based on an index or contain contingent rental provisions that include a fixed base rent plus an additional percentage of the restaurant’s sales. Subsequent escalations subject to such an index and contingent rental payments are recognized as variable lease expense in the period they occur. As a lessee, rental payments on finance leases are recognized as interest expense and amortized as a reduction of finance lease obligation. Lessor arrangements: As part of its business, the Company enters into lease arrangements with certain franchisees that grants them the right to use properties to operate restaurants. The Company accounts for its lease agreements with franchisees as either an operating or sales-type lease. The underlying assets subject to operating leases are shown in the Company’s Consolidated Balance Sheets and are depreciated in accordance with its depreciation policies. Revenue from operating leases is recognized on a straight-line basis over the lease term. The Company recognizes a net investment in its sales type leases at the lease commencement date. The net investment consists of a lease receivable and the expected unguaranteed residual value, if any. Interest income on the net investment in the lease is recognized using the effective interest method to produce a consistent yield over the lease term. For sales-type leases, the Company recognizes a profit at the lease commencement date. The Company’s lease agreements with its franchisees include fixed lease payments and, in certain cases, may include variable lease payments based on a percentage of restaurant sales. The Company does not separate lease and non-lease components for its leases for which it is a lessor. The lease term is determined at the lease commencement date as the noncancelable period plus any period subject to a renewal option that is deemed reasonably certain of being exercised. Generally, the Company does not include the renewal options as part of the lease term as it does not believe that it is reasonably certain that such options will be exercised.
Pre-opening Expenses	Pre-opening Expenses Expenditures related to the opening of new or relocated restaurants, such as training and labor costs, professional fees, and general and administrative expenses are charged to expense when incurred.
Advertising	Advertising Advertising expense reflected in the Consolidated Statements of Comprehensive Income represents the advertising and marketing costs of our advertising funds that we administer for our brands. Our company-owned restaurants also incur costs for their contributions to the funds. Costs of advertising are typically expensed the first time the advertising airs. Any excess of revenues over expenses is recognized only to the extent of previously recognized deficits. When advertising revenues exceed the related advertising expenses and there is no recovery of a previously recognized deficit, advertising costs are accrued up to the amount of revenues.
Fair Value Measurements	Fair Value Measurements For financial assets and liabilities, as well as non-financial assets and liabilities that are recognized or disclosed at fair value, we may use the following inputs to derive the fair value: •Level 1 inputs are quoted prices in active markets for identical assets or liabilities. •Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities. •Level 3 inputs are unobservable and reflect the Company's own assumptions. The Company believes the fair values of cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate their carrying amounts due to their short duration.
Income Taxes	Income Taxes The Company utilizes the asset and liability method of accounting for income taxes. Under the asset and liability method, deferred taxes are determined based on the temporary differences between the financial statement and tax basis of assets and liabilities using enacted tax rates. The Company recognizes a tax benefit only to the extent it is more likely than not that the tax position will be sustained by taxing authorities based on its technical merits. A valuation allowance is recorded when it is more likely than not that some portion or all of a deferred tax asset may not be realized. The Company records an estimated tax liability to the extent a contingency is probable and can be reasonably estimated. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as a component of the income tax expense recognized in the Consolidated Statements of Comprehensive Income.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for all stock-based payments to employees and non-employee directors, including grants of stock options, restricted stock, restricted stock units and performance units to be recognized in the financial statements, based on their grant date fair values. The value of the portion of the award that is ultimately expected to vest is recognized as expense ratably over the requisite service periods. The grant date fair value of restricted stock and stock-settled restricted stock units is determined based on the Company's stock price on the grant date. The Company estimates the grant date fair value of stock option awards using the Black-Scholes option pricing model, which considers, among other factors, a risk-free interest rate, the expected life of the award and the volatility of the Company's stock price. The Company estimates the grant date fair value of its long-term cash incentive awards (“LTIP awards”) using a Monte Carlo simulation which considers, among other factors, the performance-based market condition, a risk-free interest rate, the expected life of the award and the historical volatility of the Company's stock price. The Company estimates forfeitures for its restricted stock, stock-settled restricted stock units, and stock option plans at the time of grant based on historical turnover rates. As of December 28, 2025, the Company used a forfeiture rate of 14%. If actual forfeitures differ from this estimate, adjustments to compensation expense are recorded in the period the estimate is revised.
Net Income Per Share	Net Income Per Share Net income per share is calculated using the two-class method prescribed in U.S. GAAP. Basic net income (loss) per share is computed by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing the net income available to common stockholders for the period by the weighted average number of common shares outstanding and dilutive potential shares of common stock. The Company uses the treasury stock method to calculate the weighted average shares used in the diluted earnings per share calculation. Dilutive potential common shares include the assumed exercise of stock options. The Company had no dilutive potential shares outstanding for the periods presented.
Treasury Stock	Treasury Stock Repurchases of the Company's common stock are included in treasury stock at the cost of shares repurchased which includes transaction costs. Treasury stock may be re-issued when vested stock options are exercised, when restricted stock awards are granted and when restricted stock units vest. The cost of treasury stock re-issued is determined on the first-in, first-out (“FIFO”) method.
Dividends	Dividends Dividends declared on common stock are recorded as a reduction of retained earnings to the extent retained earnings are available at the close of the period prior to the date of the dividend declaration. Dividends declared in excess of retained earnings are recorded as a reduction of additional paid-in capital.
Reportable Segments	Reportable Segments The Company's Chief Executive Officer is the chief operating decision maker ("CODM"). The CODM regularly reviews revenues, segment profit and segment operating profits to allocate resources and assess performance against the annual budget and current forecasts. Based on the information regularly reviewed by the CODM, we have determined the Company has six operating segments: IHOP domestic franchise, Applebee's domestic franchise, Fuzzy's franchise, international franchise, Company-owned restaurants and Rental. The Company has three reportable segments: Franchise, Company-owned Restaurants and Rental. Prior to fiscal 2025, the Company used to report results inclusive of a Financing Segment. Given the insignificance of the operations from financing activities, the CODM no longer receives information related to financing activities and those activities are now reported in our Rental Segment. Fiscal years 2024 and 2023 have been recast to reflect that change. We do not present a measure of assets for our reportable segments as this information is not used by the CODM to allocate resources or assess performance. Franchise Segment As of December 28, 2025, the franchise reportable segment consisted of 1,520 restaurants operated by Applebee's franchisees, 1,812 restaurants operated by IHOP franchisees and area licensees, and 105 restaurants operated by Fuzzy's franchisees. Franchise operations expenses include advertising expense, the cost of proprietary products, bad debt expense, pre-opening training expenses and other franchise-related costs. Company-Owned Restaurants Segment As of December 28, 2025, the Company owned 59 Applebee's restaurants, 12 IHOP restaurants and one Fuzzy's restaurant, all in the United States. Company-owned restaurant expenses are operating expenses at company-owned restaurants and include food, beverage, labor, benefits, utilities, rent and other operating costs. Rental Segment Rental expenses are costs of operating leases and interest expense of finance leases. The Rental activities are primarily related to activities with IHOP franchisees. Applebee's and Fuzzy's have no or an insignificant amount of rental activity.
Accounting Standards Adopted in the Current Fiscal Year and Newly Issued Accounting Standards Not Yet Adopted	Accounting Standards Adopted in the Current Fiscal Year In December 2025, the Company adopted ASU No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09)." The standard requires a reconciliation of a company’s effective tax rate in both dollar amount and percentage as well as information on income taxes paid. The Company adopted ASU 2023-09 on a prospective basis. Accordingly, prior period disclosures have not been adjusted to reflect the new disclosure requirements. Refer to Note 15 - Income Taxes in the Notes to Consolidated Financial Statements for additional details. Newly Issued Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03, "Disaggregation of Income Statement Expenses," which requires public business entities to provide disaggregated disclosures of certain expense categories that are included in expense line items on the Statement of Comprehensive Income. The guidance is effective for the Company for annual periods beginning in 2027 and interim periods beginning in 2028. The Company is currently evaluating the impact of adopting this ASU on our disclosures.

Property and Equipment - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense on property equipment	$ 31.0	$ 28.6	$ 24.7
Accumulated amortization for properties under finance lease	$ 40.9	$ 41.3

Business Acquisition - Schedule of Fair Value Of Net Assets Acquired - Applebee's Franchise Restaurants (Details) - USD ($) $ in Millions	Dec. 28, 2025	May 19, 2025	Dec. 29, 2024	Nov. 19, 2024	Nov. 11, 2024
Business Combination [Line Items]
Goodwill	$ 249.6		$ 248.6
Applebee's Franchise Restaurants
Business Combination [Line Items]
Equipment and fixtures				$ 12.0	$ 1.1
Off-market leases		$ 1.2		4.1
Cash		0.9
Inventory and other current assets		0.4		0.9	0.2
Reacquired franchise rights				0.3
Total identifiable assets acquired		2.5		9.1	1.3
Liabilities assumed		(2.8)		(3.6)	(0.7)
Bargain purchase gain		(0.3)		5.5	$ 0.6
Goodwill	$ 1.7	1.6		2.8
Consideration transferred		$ 1.3		$ 8.3

Receivables - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Receivables - Narrative (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]
Write-offs	$ 1.5	$ 5.5
Bad debt expense (recovery)	3.4	0.7
Notes Receivable, long-term
Accounts, Notes, Loans and Financing Receivable [Line Items]
Write-offs		3.8
Accounts Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Write-offs		$ 1.0
Bad debt expense (recovery)	$ 2.6

Stock-Based Incentive Plans

12 Months Ended

Dec. 28, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Incentive Plans

General Description

Currently, the Company is authorized to grant stock options, stock appreciation rights, restricted stock, cash-settled and stock-settled restricted stock units and performance units to employees and non-employee directors under the Dine Brands

Global, Inc. 2019 Stock Incentive Plan (the “Plan”). The Plan was approved by stockholders on May 14, 2019 to permit the issuance of up to 2,050,000 shares (subject to adjustment as defined in the Plan for shares that may become available from prior plans) of the Company’s common stock for incentive stock awards. The Plan was amended and approved by stockholders on May 14, 2022 to permit the issuance of an additional 2,020,000 shares (subject to adjustment as defined in the Plan Amendment for shares that may become available from prior plans) of the Company’s common stock for incentive stock awards. The Plan will expire in May 2029.

Stock-Based Compensation Expense

Non-qualified stock options generally vest ratably over a three-year period in one-third increments and have a life of ten years from the grant date. Options vest immediately upon a change in control of the Company, as defined in the Plan. Option exercise prices equal the closing price of the Company's common stock on the New York Stock Exchange on the date of grant. Restricted stock and restricted stock units are issued at no cost to the holder and vest over terms as determined under the Plan. Generally, these awards vest either three years from the date of grant or in one-third increments over three years. These awards also vest immediately upon a change in control of the Company, as defined in the Plan. The Company utilizes treasury stock or issues new shares from its authorized but unissued share pool when vested stock options are exercised, restricted stock awards are granted and when restricted stock units vest. See Note 11, Stockholders' Deficit, of Notes to the Consolidated Financial Statements, for treasury shares utilized related to equity grants during the years ended December 28, 2025, December 29, 2024 and December 31, 2023.

The following table summarizes the Company's stock-based compensation expense included as a component of general and administrative expenses in the Consolidated Statements of Comprehensive Income:



	2025		2024		2023
	(In millions)

Equity classified awards expense	$	13.4	$	16.0	$	12.0
Liability classified awards expense	2.5		0.3		(1.4)
Total stock-based compensation expense	15.9		16.3		10.6

As of December 28, 2025, total unrecognized compensation cost related to restricted stock awards and restricted stock units of $14.6 million and $0.8 million related to stock options is expected to be recognized over a weighted average period of approximately 1.4 years for restricted stock and restricted stock units and 0.8 years for stock options.

Equity Classified Awards - Stock Options

The per share fair values of the stock options granted have been estimated as of the grant date using the Black-Scholes option pricing model. The Black-Scholes model considers, among other factors, the expected life of the option and the historical volatility of the Company's share price.

The following table summarizes the assumptions used in the Black-Scholes model for stock options granted in the years then ended. No options were granted for the year ended December 28, 2025.


	2024			2023
Risk free interest rate	4.3		%	4.4		%
Weighted average historical volatility	70.2		%	70.9		%
Dividend yield	4.2		%	2.7		%
Expected years until exercise	4.5			4.5

Weighted average fair value of options granted	$	22.3		$	37.4

Stock option activity for the year ended December 28, 2025 is summarized as follows:


	Number of Shares Under Option	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)










Outstanding at January 1, 2023	539,575	75.65		n/a	n/a
Granted	74,390	74.94		n/a	n/a
Exercised	(69,443)	54.90		n/a	n/a
Forfeited	(20,876)	79.11		n/a	n/a
Expired	(61,140)	82.47		n/a	n/a
Outstanding at December 31, 2023	462,506	77.59		n/a	n/a
Granted	133,729	49.06		n/a	n/a

Forfeited	(14,717)	56.03		n/a	n/a
Expired	(56,872)	87.07		n/a	n/a
Outstanding at December 29, 2024	524,646	69.89		n/a	n/a


Forfeited	(10,318)	54.10		n/a	n/a
Expired	(33,746)	85.57		n/a	n/a
Outstanding at December 28, 2025	480,582	69.13		4.57	$	—
Vested and Expected to Vest at December 28, 2025	476,186	$	69.30	4.54	$	—
Exercisable at December 28, 2025	405,052	$	71.91	3.94	$	—

The total intrinsic value of options exercised during the year ended December 31, 2023 was $1.1 million.

Cash received from options exercised under all stock-based payment arrangements for the year ended December 31, 2023 was $3.8 million. The tax benefit realized for the tax deduction from option exercises under the stock-based payment arrangements for the year ended December 31, 2023 was $0.3 million.

Equity Classified Awards - Restricted Stock and Restricted Stock Units

Activity in equity classified awards of restricted stock and restricted stock units for the years then ended is as follows:


	Shares of Restricted Stock	Weighted Average Grant-Date Per Share Fair Value		Restricted Stock Units	Weighted Average Grant-Date Per Share Fair Value












Outstanding at January 1, 2023	355,900	$	73.57	123,895	$	62.11
Granted	211,820	73.12		21,731	74.01
Vested/Distributed	(165,533)	73.64		(47,857)	64.04
Forfeited	(63,565)	73.15		(39,294)	77.23
Outstanding at December 31, 2023	338,622	73.33		58,475	54.07
Granted	311,955	47.55		32,630	49.06
Vested/Distributed	(155,368)	74.37		(18,115)	73.97
Forfeited	(73,750)	60.10		(37)	74.94
Outstanding at December 29, 2024	421,459	56.18		72,953	46.83
Granted	539,374	26.13		56,213	26.13
Vested/Distributed	(199,439)	59.81		(34,030)	47.70
Forfeited	(88,735)	39.08		(36,516)	39.61
Outstanding at December 28, 2025	672,659	$	33.26	58,620	$	31.78

Liability Classified Awards - Long-Term Incentive Awards

The Company has granted annual cash LTIP awards that vest over a three-year period. The awards use a multiplier from 0% to 200% of the target amount based on the total stockholder return of the Company's common stock compared to the total stockholder returns of a peer group of companies. The expense for these awards are recognized ratably over their life. For the years ended December 28, 2025, December 29, 2024 and December 31, 2023, the Company recorded an expense of $2.4 million, $0.2 million and a reversal of expense of $1.4 million, respectively. As of December 28, 2025 and December 29, 2024, a liability of $3.3 million and $0.8 million, respectively, was recorded as Other non-current liabilities on the Consolidated Balance Sheets.

Receivables - Schedule of Changes in the Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Receivables [Abstract]
Beginning balance	$ 4.7	$ 9.5
Bad debt expense (recovery)	3.4	0.7
Other	(0.3)	0.1
Write-offs	(1.5)	(5.5)
Ending balance	$ 6.3	$ 4.7

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

Long-Term Debt (Tables)

12 Months Ended

Dec. 28, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Components

The Company's long-term debt consists of the following:


	December 28, 2025		December 29, 2024
	(In millions)

Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	—		594.0
Series 2022-1 Variable Funding Senior Notes, Class A-1(a)	—		100.0
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2	500.0		500.0
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2	600.0		—
Series 2025-1 Variable Funding Senior Notes, Class A-1(b)	100.0		—
Unamortized debt issuance costs	(11.8)		(7.4)
Long-term debt, net of debt issuance costs	1,188.2		1,186.6
Current portion of long-term debt	—		(100.0)
Long-term debt	$	1,188.2	$	1,086.6

_________________________________

(a)Variable interest rate of 7.14% at December 29, 2024.

(b)Variable interest rate of 6.56% at December 28, 2025.

Goodwill - Schedule of Changes In Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 248.6
Impairment loss	0.0	$ (7.1)
Goodwill, ending balance	249.6	248.6
Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	248.6	254.1	$ 254.0
Purchase price adjustment	(0.6)		0.1
Business acquisition	1.6	2.8
Impairment loss		$ (7.1)
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Disposition of assets		$ (1.2)
Goodwill, ending balance	249.6	248.6	254.1
Franchise Segment \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	247.0	254.1	254.0
Purchase price adjustment	0.0		0.1
Business acquisition	0.0	0.0
Impairment loss		$ (7.1)
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Disposition of assets		$ 0.0
Goodwill, ending balance	247.0	247.0	254.1
Company-Owned Restaurants \| Operating Segments
Goodwill [Roll Forward]
Goodwill, beginning balance	1.6	0.0	0.0
Purchase price adjustment	(0.6)		0.0
Business acquisition	1.6	2.8
Impairment loss		$ 0.0
Goodwill, Impairment Loss, Statement of Income or Comprehensive Income [Extensible Enumeration]		Closure and impairment charges
Disposition of assets		$ (1.2)
Goodwill, ending balance	$ 2.6	$ 1.6	$ 0.0

Other Intangible Assets - Schedule of Finite-Lived Intangible Assets by Major Class (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross	$ 217.0	$ 218.7
Accumulated Amortization	(184.4)	(173.2)
Net	$ 32.6	$ 45.5
Weighted Average Remaining Period	7 years 10 months 24 days	7 years 9 months 18 days
Franchising Rights
Finite-Lived Intangible Assets [Line Items]
Gross	$ 214.8	$ 214.8
Accumulated Amortization	(183.2)	(172.5)
Net	$ 31.6	$ 42.3	$ 53.0
Weighted Average Remaining Period	7 years 10 months 24 days	7 years 7 months 6 days
Other
Finite-Lived Intangible Assets [Line Items]
Gross	$ 2.2	$ 3.9
Accumulated Amortization	(1.2)	(0.7)
Net	$ 1.0	$ 3.2
Weighted Average Remaining Period	9 years 1 month 6 days	10 years 6 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Goodwill - (Tables)

12 Months Ended

Dec. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes In Carrying Amount of Goodwill and Gross And Net Carrying Amounts Of Goodwill

Changes in the carrying amount of goodwill for the years ended December 28, 2025, December 29, 2024 and December 31, 2023 were as follows:


	Franchise Segment		Company-Owned Restaurants Segment		Total
	(In millions)






Balance at January 1, 2023	$	254.0	$	—	$	254.0
Purchase price adjustment	0.1		—		0.1
Balance at December 31, 2023	254.1		—		254.1
Business acquisition	—		2.8		2.8
Impairment loss	(7.1)		—		(7.1)
Disposition of assets	—		(1.2)		(1.2)
Balance at December 29, 2024	247.0		1.6		248.6
Business acquisition	—		1.6		1.6
Purchase price adjustment	—		(0.6)		(0.6)


Balance at December 28, 2025	$	247.0	$	2.6	$	249.6

Gross and net carrying amounts of goodwill at December 28, 2025 and December 29, 2024 are as follows:


	December 28, 2025						December 29, 2024
	Gross		Accumulated Impairment Loss		Net		Gross		Accumulated Impairment Loss		Net
	(In millions)
Franchise Segment	$	704.6	$	(457.6)	$	247.0	$	704.6	$	(457.6)	$	247.0

Company-Owned Restaurants Segment	2.6		—		2.6		1.6		—		1.6


Total	$	707.2	$	(457.6)	$	249.6	$	706.2	$	(457.6)	$	248.6

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023	Jan. 01, 2023
Income Tax Disclosure [Abstract]
Valuation allowance	$ 5.4	$ 5.0
Operating loss carryforwards	112.4	113.7
Tax credit carryforward	7.5	7.5
Unrecognized tax benefits	3.0	2.5	$ 3.5	$ 2.1
Unrecognized tax benefits, interest on income taxes accrued	$ 0.2	$ 0.8

Long-Term Debt - Narrative (Details) $ in Thousands	12 Months Ended
Long-Term Debt - Narrative (Details) $ in Thousands	Dec. 28, 2025 USD ($) renewalPeriod Rate	Dec. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2025 USD ($)	Jun. 17, 2025 USD ($)	Apr. 17, 2023 USD ($)	Feb. 16, 2023 USD ($)
Debt Instrument [Line Items]
Repayments of long-term debt	$ 594,000	$ 0	$ 651,700
Cash sweeping event \| Rate	175.00%
Rapid amortization event \| Rate	120.00%
Manager termination event \| Rate	120.00%
Interest-only debt service coverage ratio, default event \| Rate	110.00%
Debt service coverage ratio \| Rate	300.00%
Debt repurchase program, maximum amount authorized							$ 100,000
Loss on extinguishment of debt	$ 900	0	0
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2
Debt Instrument [Line Items]
Debt instrument, face amount						$ 500,000
Debt interest rate (in percent)	7.824%
Additional interest on fixed rate (in percent)	5.00%
Debt instrument, term (in years)	10 years
Debt instrument, periodic payment, principal	$ 1,250
Covenant compliance, leverage ratio, maximum \| Rate	525.00%
Ratio of indebtedness to net capital \| Rate	484.00%
Debt instrument, make-whole premium	$ 17,400
Senior notes	$ 500,000	500,000
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 \| Ten Year United States Treasury Bill Rate
Debt Instrument [Line Items]
Additional interest on fixed rate (in percent)	9.24%
Series 2023-1 7.824% Fixed Rate Senior Secured Notes, Class A-2 \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs, gross	$ 8,000
Amortization costs	1,200	1,100	700
Debt issuance costs, net	$ 5,000
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2
Debt Instrument [Line Items]
Debt instrument, face amount					$ 600,000
Debt interest rate (in percent)	6.72%				6.72%
Debt instrument, periodic payment, principal	$ 1,500
Covenant compliance, leverage ratio, maximum \| Rate	525.00%
Ratio of indebtedness to net capital \| Rate	484.00%
Debt instrument, make-whole premium	$ 37,100
Senior notes	$ 600,000	0
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 \| Ten Year United States Treasury Bill Rate
Debt Instrument [Line Items]
Additional interest on fixed rate (in percent)	7.85%
Series 2025-1 6.720% Fixed Rate Senior Secured Notes, Class A-2 \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs, gross	$ 7,600
Amortization costs	700
Debt issuance costs, net	$ 6,800
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II
Debt Instrument [Line Items]
Debt interest rate (in percent)	4.723%				4.723%
Senior notes	$ 0	594,000
Amortization costs	400	1,000	1,600
Loss on extinguishment of debt	900
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II \| Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of long-term debt	$ 594,000
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1
Debt Instrument [Line Items]
Debt interest rate (in percent)	6.56%
Senior notes	$ 100,000	0
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 325,000
Number of renewal periods \| renewalPeriod	2
Renewal period term (in years)	1 year
Interest rate percentage after renewal date (in percent)	5.00%
Line of credit facility, available remaining borrowing capacity	$ 224,400
Debt, weighted average interest rate (in percent)	6.78%
Debt issuance costs, gross				$ 4,100
Amortization costs	$ 1,200	$ 1,200	$ 1,200
Debt issuance costs, net	$ 6,300
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)	2.50%
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, available remaining borrowing capacity	$ 600
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Letter of Credit \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)	0.50%
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Letter of Credit \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)	0.50%
Variable Funding Senior Notes, 2025 Class A-1, Series 2025-1 \| Letter of Credit \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percent)	2.00%
Variable Funding Senior Notes, 2022 Class A-1, Series 2022-1
Debt Instrument [Line Items]
Debt interest rate (in percent)		7.14%
Senior notes	$ 0	$ 100,000
Variable Funding Senior Notes, 2022 Class A-1, Series 2022-1 \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, expired amount					$ 325,000

Leases - Schedule of Weighted Average Lease Term and Discount Rate (Details)	Dec. 28, 2025	Dec. 29, 2024
Leases [Abstract]
Weighted-average remaining lease term - operating leases (in years)	6 years 4 months 24 days	6 years 2 months 12 days
Weighted-average remaining lease term - finance leases (in years)	5 years 3 months 18 days	5 years 6 months
Weighted-average discount rate - operating leases (in percent)	6.20%	6.10%
Weighted-average discount rate - finance leases (in percent)	9.10%	9.20%

Revenues - Schedule of Disaggregation of Franchise Revenue by Major Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 28, 2025	Dec. 29, 2024	Dec. 31, 2023
Franchise Revenues
Disaggregation of Revenue [Line Items]
Total franchise revenues	$ 665.5	$ 686.0	$ 706.4
Royalties
Disaggregation of Revenue [Line Items]
Total franchise revenues	307.8	313.4	325.6
Advertising fees
Disaggregation of Revenue [Line Items]
Total franchise revenues	281.8	290.4	300.8
Proprietary product sales and other
Disaggregation of Revenue [Line Items]
Total franchise revenues	66.9	72.4	71.1
Franchise and development fees
Disaggregation of Revenue [Line Items]
Total franchise revenues	$ 9.0	$ 9.7	$ 8.9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Receivables (Tables)

12 Months Ended

Dec. 28, 2025

Receivables [Abstract]

Schedule of Receivables and Allowance for Doubtful Accounts

Total receivables balances at December 28, 2025 and December 29, 2024 were as follows:


Receivables	2025		2024
	(In millions)
Accounts receivable	$	75.2	$	72.0
Gift card receivables	33.3		34.7

Notes receivable	20.9		14.7



Leases receivable	24.8		31.5
Other receivables	4.9		2.9
	159.1		155.8
Less: allowance for doubtful accounts and notes receivable	(6.3)		(4.7)
	152.8		151.1
Less: current portion	(119.0)		(115.2)
Long-term receivables	$	33.8	$	35.9

Schedule of Changes in the Allowance for Credit Losses

Changes in the allowance for credit losses during the years ended December 28, 2025 and December 29, 2024 were as follows:



	Total
	(In millions)






Balance, December 31, 2023	$	9.5

Bad debt expense (recovery)	0.7
Other	0.1
Write-offs	(5.5)

Balance, December 29, 2024	$	4.7
Bad debt expense (recovery)	3.4
Other	(0.3)
Write-offs	(1.5)

Balance, December 28, 2025	$	6.3

Schedule of Year of Origination of Financing Receivables

The year of origination of the Company's notes and financing receivables at December 28, 2025 is as follows:



	Notes receivable, short and long-term		Leases Receivables		Total
	(In millions)
2025	$	8.8	$	1.4	$	10.2
2024	7.2		2.0		9.2
2023	4.4		3.5		7.9
2022	0.3		7.3		7.6
2021	0.2		1.9		2.1
Prior	—		8.8		8.8
Total	$	20.9	$	24.9	$	45.8

Reportable Segments (Tables)

12 Months Ended

Dec. 28, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information on segments and a reconciliation of segment operating profit to income before income taxes is as follows:


	2025
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	665.5	$	104.6	$	109.3	$	879.3
Less: Advertising revenue	281.8		—		—		281.8
Revenues excluding advertising revenue	383.7		104.6		109.3		597.5

Less:

Interest expense from finance leases	—		—		2.7		2.7
Depreciation and amortization	0.6		3.1		9.6		13.3
Other segment items(a)	40.8		109.5		71.9		222.2
Segment profit	342.3		(8.1)		25.0		359.3
Stock based compensation (direct)	3.6		—		—		3.6
Gain on disposition of assets	(0.5)		—		—		(0.5)
Other G&A expenses (direct and allocated)	125.0		7.9		—		132.9
Segment operating profit	$	214.2	$	(16.0)	$	25.0	$	223.3

Reconciliation of segment operating profit
Segment operating profit							$	223.3
Depreciation and amortization (unallocated)							17.5
Stock based compensation (unallocated)							9.6
Other G&A expenses (unallocated)							40.2
Interest expense, net							78.0
Closure and impairment charges							40.0
Amortization of intangible assets							11.9
Loss on extinguishment of debt							0.9
Income before income taxes							$	25.2


	2024
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	686.0	$	9.3	$	117.1	$	812.3
Less: Advertising revenue	290.4		—		—		290.4
Revenues excluding advertising revenue	395.5		9.3		117.1		521.9

Less:

Interest expense from finance leases	—		—		2.9		2.9
Depreciation and amortization	1.4		(0.6)		10.1		11.0
Other segment items(a)	48.0		10.5		74.2		132.7
Segment profit	346.1		(0.6)		29.9		375.3
Stock based compensation (direct)	5.7		—		—		5.7
Gain on disposition of assets	—		(2.2)		(1.0)		(3.2)
Other G&A expenses (direct and allocated)	119.3		—		—		119.3
Segment operating profit	$	221.1	$	1.6	$	30.9	$	253.5

Reconciliation of segment operating profit
Segment operating profit							$	253.5
Depreciation and amortization (unallocated)							17.4
Stock based compensation (unallocated)							10.2
Other G&A expenses (unallocated)							44.2

Interest expense, net							72.1
Closure and impairment charges							9.2
Amortization of intangible assets							10.8

Income before income taxes							$	89.5


	2023
	Franchise		Company-Owned Restaurants		Rental		Total
	(In millions)
Revenues	$	706.4	$	2.1	$	122.6	$	831.1
Less: Advertising revenue	300.8		—		—		300.8
Revenues excluding advertising revenue	405.6		2.1		122.6		530.3

Less:

Interest expense from finance leases	—		—		2.8		2.8
Depreciation and amortization	1.1		(0.2)		10.5		11.4
Other segment items(a)	42.5		2.4		74.6		119.4
Segment profit	362.0		0.0		34.7		396.7
Stock based compensation (direct)	2.5		—		—		2.5
Loss on disposition of assets	—		0.2		0.3		0.6
Other G&A expenses (direct and allocated)	126.9		—		—		126.9
Segment operating profit	$	232.5	$	(0.2)	$	34.4	$	266.7

Reconciliation of segment operating profit
Segment operating profit							$	266.7
Depreciation and amortization (unallocated)							13.3
Stock based compensation (unallocated)							9.5
Other G&A expenses (unallocated)							45.8
Loss on disposition of assets (unallocated)							1.8
Interest expense, net							70.0
Closure and impairment charges							3.6
Amortization of intangible assets							10.9


Income before income taxes							$	111.7

_________________________________

(a)Segment items include:

Franchise: Costs of proprietary products, bad debt expense, pre-opening training expenses and other franchise-related costs.

Company-owned restaurants: Operating expenses at company-owned restaurants include food, beverage, labor, benefits, utilities, rent and other operating costs.

Rental: Costs of operating leases, such as rent expense, and interest expense of finance leases on franchisee-operated restaurants.