The 2026 Church's Texas Chicken FDD moves the Item 7 estimated initial investment range from $644,366–$1,808,972 to $1,202,400–$1,886,300, and the system grows from 873 to 885 outlets (+1.4%) year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $644,366 | $1,202,400 | +$558,034 (+86.6%) |
| High end of range | $1,808,972 | $1,886,300 | +$77,328 (+4.3%) |
| Full range | $644,366–$1,808,972 | $1,202,400–$1,886,300 |
The 2026 filing puts the Item 7 estimated initial investment at $1,202,400–$1,886,300, against $644,366–$1,808,972 in the 2025 filing. The low end moves by +$558,034 (+86.6%) and the high end moves by +$77,328 (+4.3%), narrowing the band from $1,164,606 to $683,900.
2025 filing: Item 7 provides separate total investment ranges by restaurant model/type; totals shown exclude real estate. 2026 filing: The total initial investment range provided is for a new free-standing 'Blaze' prototype location and excludes real estate costs. Investment ranges for other build-outs (conversion, end cap) are detailed in Item 7.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 873 | 885 | +12 (+1.4%) |
| Franchised outlets | 714 | 722 | +8 (+1.1%) |
| Company-owned outlets | 159 | 163 | +4 |
| Openings during the year | 11 | 21 | +10 |
| Closures during the year | 29 | 13 | −16 |
Church's Texas Chicken reports 885 outlets in the 2026 FDD, against 873 in the 2025 filing — a change of +12 (+1.4%).
Outlet counts as each filing states them — 2025: End of 2024 (Systemwide Outlet Summary, Years 2022 to 2024); 2026: As of December 28, 2025. Item 20's counts reflect only US and Puerto Rico domestic units. Outlet openings, closures, and transfers are shown by state and systemwide for each of the last three fiscal years in Item 20.
Church's Texas Chicken included an Item 19 financial performance representation in both the 2025 and 2026 filings. The 2026 filing discloses gross sales, food cost, labor cost and gross profit margin and 3 further measures, broken out across 1 outlet segment for Fiscal years 2023, 2024, and 2025 (ends December 28, 2025).
Item 19 includes historical gross sales and segmented P&L line items for franchised and company-owned restaurants over multiple years and across regions, venue types, and quartiles. The disclosure is based on unaudited reports and includes only restaurants operating a full fiscal year.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Standard royalty rate | 5% | 5% | unchanged |
The standard royalty rate holds at 5% of Gross Sales across both filings.
2026 filing: Royalty increases by 1% during periods of default (see Item 6). For Platinum Incentive Plan participants, lower rates may apply per Addendum.