HOUNDS TOWN USA

Data Based On: 51 Franchised Locations and one Affiliate Location that had been open for at least 12 months as of December 31, 2024 ('Reporting Group').

* Calculated weighted average gross revenue for the 52 units in the Reporting Group by taking the weighted average of the average net revenues per segment as provided in Table 7. Segments and their average revenues: OPEN 10+ YEARS (2 units at $1,258,679), OPEN 5+ YEARS (7 units at $919,994), OPEN 3-5 YEARS (10 units at $672,845), OPEN 2-3 YEARS (16 units at $505,240), OPEN 1-2 YEARS (17 units at $320,249). Formula: (2*1258679 + 7*919994 + 10*672845 + 16*505240 + 17*320249) / 52 = $561,805. Median gross revenue, revenue top quartile, and revenue bottom quartile were calculated from the list of all 52 individual unit 2024 Net Revenues (1 Affiliate + 51 Franchised) as extracted from Table 1 and Table 2. Median is the middle value of the sorted list. Top/bottom quartiles are the average of the top/bottom 25% (13 units) of sorted revenues. Net income, net profit, and EBITDA information was indicated to be in Tables 8-13, which were not provided in the document. Therefore, these values and estimated profit ranges are set to null.