Revenue and Sales - Net sales and other revenue rose to 80,788inQ12024from77,952 in Q1 2023[24]. - Franchise royalties and fees fell to 3,477inQ12024from4,258 in Q1 2023, attributed to the closure of traditional franchise stores, reducing units from 143 to 125[22]. Expenses - General and administrative expenses increased to 11,730,or18.910,463, or 17.1% in Q1 2023, primarily due to higher salaries and wages[23]. - Cost of food increased to 23,170,representing28.720,871, or 26.8%, in Q1 2023[24]. - Labor costs remained stable at 21,765,accountingfor26.96,470 compared to 2,146inQ12023,mainlyduetoreducedcashusedininvestingandfinancingactivities[37].−Investmentpartnershippretaxgainswere21,985 in Q1 2024, down from 72,588inQ12023,leadingtoadecreaseinincometaxexpensefrom19,738 to 6,816[35].−Theavailablelineofcreditis30,000, maturing on September 12, 2024, with no balance as of March 31, 2024[38]. Franchise Operations - Franchise partner fees decreased to 17,758inQ12024from17,912 in Q1 2023, with food and labor expenses up by 1.8 percentage points[21]. - Estimated ultimate liabilities for prior accident years were reduced by 3,319inQ12024,representing21.91,651 or 9.8% in Q1 2023[73].
