Total Revenue

+2.9% (from $1,402.97 million to $1,443.9 million)

Total Revenue grew modestly, reflecting an overall improvement in sales performance. This increase is likely driven by the same underlying drivers seen in previous periods—such as stronger same-store sales and franchise growth—although the pace moderated compared with earlier robust Q3 performance. " "

U.S. Franchise Advertising

+11.9% (from $137.5 million to $153.7 million)

The significant increase is primarily attributable to the return to the standard 6.0% advertising contribution rate, combined with higher same-store sales and net store growth, similar to the factors observed in Q3 improvements. These favorable conditions boosted revenue in this segment beyond previous period levels. " "

Supply Chain

-9.8% (decline from $971.2 million to $876.1 million)

The decline in the Supply Chain revenue contrasts with earlier periods where higher order volumes and a modest 1.3% food basket pricing hike drove increased revenue. In Q4 2025, a shift in product mix and potential adjustments in supply chain strategies appear to have tempered revenue, reflecting a deliberate focus on margin optimization over top-line growth. " "

Operating Income

+6.4% (from $257,201K to $273,652K)

Operating Income improved as increased gross margins from supply chain and franchise segments outweighed rising general and administrative expenses. This mirrors earlier period performance where operational efficiency initiatives helped boost margins despite cost headwinds. " "

Net Income

+7.8% (from $157,292K to $169,444K)

Net Income increased due to the rise in operating income and improved operational efficiencies; however, higher tax provisions partially offset the gains. This trend is consistent with the challenges noted in prior periods where tax pressures and expense increases were critical factors affecting net earnings. " "

EPS – Basic

+8.9% (from $4.52 to $4.92)

The improvement in basic EPS reflects the higher net income and a modest change in the weighted average shares outstanding, demonstrating that the net earnings gains successfully translated into increased earnings per share, similar to previous periods where operational improvements supported shareholder value. " "