2025
-$0.15
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OE = CFO - Capex - SBC = 1,613 - 3,067 - 112 = -1,566 (USD thousands); / 10,703,219 diluted shares = $-0.146/share. Operating cash flow was depressed by roughly $1,277 thousand of cash lease payments in excess of lease expense and by an $824 thousand non-cash deferred tax benefit included in net income; a further $504 thousand of restaurant acquisitions from franchisees and $350 thousand of lease-termination payments sit in investing activities and are excluded. Fiscal 2025 was a 53-week year ended 30 September 2025. Source: FY2025 10-K (accession 0001214659-25-018518).
2024
$0.17
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OE = CFO - Capex - SBC = 5,130 - 3,142 - 134 = 1,854 (USD thousands); / 11,147,563 diluted shares = $0.166/share. Capital spending of $3,142 thousand ran below depreciation and amortization of $3,849 thousand; a further $534 thousand paid to acquire restaurants from franchisees sits in investing activities and is excluded. Source: FY2024 10-K (accession 0001214659-24-020434).
2023
$0.26
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OE = CFO - Capex - SBC = 7,965 - 4,771 - 131 = 3,063 (USD thousands); / 11,827,752 diluted shares = $0.259/share. The year's $11,086 thousand of net income was driven mainly by a non-cash release of the deferred tax valuation allowance and is not reflected in operating cash flow. This figure excludes $1,326 thousand paid to acquire restaurants from franchisees and $4,394 thousand paid to buy out noncontrolling partnership interests, both shown in investing activities. Source: FY2023 10-K (accession 0001437749-23-034439).
2022
$0.19
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OE = CFO - Capex - SBC = 5,291 - 2,641 - 250 = 2,400 (USD thousands); / 12,464,408 diluted shares = $0.193/share. Operating cash flow fell as commodity and labor inflation compressed restaurant-level margins. There are no finance-lease principal payments in financing activities, so no lease-funded capital spending is hidden outside this calculation. Source: FY2022 10-K (accession 0001214659-22-014979).
2021
$0.44
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OE = CFO - Capex - SBC = 9,145 - 3,198 - 362 = 5,585 (USD thousands); / 12,828,180 diluted shares = $0.435/share. Capital spending was held far below the FY2016-FY2019 expansion run rate, and the $11,778 thousand gain on Paycheck Protection Program loan forgiveness is a non-cash item excluded from operating cash flow. Fiscal year ends the last Tuesday of September. Source: FY2021 10-K (accession 0001214659-21-013281).
Owner's earnings per share by fiscal year, most recent first. Tap a row to see how that figure was calculated, including the source filing.