FREDDY'S FROZEN CUSTARD & STEAKBURGERS

Data Based On: Data based on 463 franchised restaurants open for the entire 2024 Fiscal Year.

* Average gross revenue and median gross revenue were extracted directly from 'TABLE 4: ANNUAL GROSS RECEIPTS OF FRANCHISED RESTAURANTS'. Revenue top quartile and revenue bottom quartile were extracted from 'TABLE 7: SYSTEMWIDE ANNUAL GROSS RECEIPTS OF FRANCHISED RESTAURANTS FOR 2024 FISCAL YEAR BY QUARTILE'. A weighted average of annual gross receipts for franchised restaurants was calculated from Table 7's quartile data: (116 units × $2,557,640 + 116 units × $2,003,924 + 116 units × $1,652,693 + 115 units × $1,220,793) / 463 total units = $1,860,140.40, which aligns with the overall average from Table 4. Profit-related metrics (gross profit, net income, net profit, EBITDA, and profit range estimates) are set to null because the document does not provide explicit expense data or profit figures for franchised units. Table 9's expense percentages are explicitly stated to be for company-owned restaurants and do not apply to franchised units due to differences like royalty fees (Page 6, Note 8). Page 6, Note 12 also indicates that the figures do not reflect all costs/expenses to obtain net income or profit.