Item 2. PROPERTIES

Restaurant Properties – Continuing Operations

As of May 25, 2025, we owned and operated 2,159 restaurants. Our company-owned restaurants are located in all 50 of the United States, Washington D.C. and Canada. Of the company-owned restaurants, 94 were located on owned sites and 2,065 were located on leased sites. The leases are classified as follows:


Land-Only Leases (we own buildings and equipment)			1,102
Ground and Building Leases			666
Space/In-Line/Other Leases			297
Total			2,065

We also lease our Restaurant Support Center which is located in Orlando, Florida.

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