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Shops by Type
Counts locations by format—company-operated, franchised or other shop types—revealing the mix between capital-intensive growth and scalable franchise expansion and where concentration or expansion risk sits.Company has purposefully shifted mix toward company‑operated stores—franchise growth is muted—boosting AUVs, same‑shop sales and faster rollouts (food, Clutch conversions) that lift productivity and revenue capture. That strategy increases capital intensity and rent/occupancy exposure (build‑to‑suit and ~$1.3–1.4M per shop conversion), which management flags as a key source of near‑term margin pressure despite raised revenue/EBITDA targets; limited ability to add food at ~300 sites also caps system‑wide comp upside.
Date | Company-Operated | Franchised |
|---|---|---|
Jun 30, 2026 | 888.00 | 337.00 |
Mar 31, 2026 | 811.00 | 325.00 |
Dec 31, 2025 | 759.00 | 322.00 |
Sep 30, 2025 | 725.00 | 318.00 |
Jun 30, 2025 | 695.00 | 317.00 |
Mar 31, 2025 | 670.00 | 312.00 |
Dec 31, 2024 | 670.00 | 312.00 |
Sep 30, 2024 | 645.00 | 305.00 |
Jun 30, 2024 | 612.00 | 300.00 |
Mar 31, 2024 | 582.00 | 294.00 |