GREAT CLIPS

Data Based On: 2,175 franchised salons (Reporting 2024 Salons) that provided sufficient data for Average Operating Cash Flow Statement for the 2024 Period.

* Average Gross Revenue and Median Gross Revenue are taken directly from Table 2, 'Total Sales' row for 2,175 Reporting 2024 Salons. Average EBITDA is taken from Table 2, 'Operating Cash Flow' row. EBITDA margin is calculated as Average EBITDA / Average Gross Revenue (82637 / 413389 = 0.1999). Revenue Top Quartile is the weighted average of the Average Annual Sales for the top two segments ('> $600k' and '$500k-$600k') from Table 3, representing approximately 23.5% of salons: (223 units * $692,295 + 289 units * $544,879) / (223 + 289) = $609,085.58. Revenue Bottom Quartile is the weighted average of the Average Annual Sales for the bottom two segments ('< $250k' and '$250k-$300k') from Table 3, representing approximately 20.8% of salons: (196 units * $208,509 + 258 units * $276,787) / (196 + 258) = $247,310.15. Best Guess Profit Low is the lowest 'Cash Flow ($)' from any segment in Table 3 (-$3,635). Best Guess Profit High is the highest 'Cash Flow ($)' from any segment in Table 3 ($193,727).