CARVEL

Data Based On: 104 Eligible Streetside Franchises that reported sales through the designated POS System in all 52 weeks of Fiscal Year 2024 (fiscal year ended December 29, 2024).

* Average gross revenue ($484,054) and median gross revenue ($480,774) were taken directly from the 'Total' row of Table 1 ('AVERAGE NET SALES BY QUARTILES'), representing the overall average and median Net Sales for 104 Eligible Streetside Franchises. Revenue for the top quartile ($785,454) and bottom quartile ($189,436) are the 'Average Net Sales' from their respective rows in Table 1. As confirmed by a weighted average calculation ( (785454*26 + 543719*26 + 417607*26 + 189436*26) / 104 = 484054.0 ), the total average is accurate. Net income, net profit, and EBITDA figures are not provided, as explicitly stated in Note 3 to Item 19: 'These sales figures do not reflect the costs of sales, operating expenses or other costs or expenses that must be deducted from the Net Sales figures to obtain your net income or profit.'