Jollibee

Data Based On: The overall sample for Item 19 financial performance representations consists of 62 Jollibee Restaurants ('Reporting Locations') open for the entirety of the 2023 calendar year, including 1 franchisee-owned and 61 affiliate-owned. The specific average gross revenue and cost data used for extraction are from the 27 Free-Standing Reporting Locations, which include the single franchised unit.

* Average gross revenue and median gross revenue are taken from the 'Annual Gross Sales' table for 'Free-Standing Reporting Locations'. The financial performance data used for calculations reflects Free-Standing Reporting Locations, which includes the single franchised unit and 26 affiliate-owned units, as the document states the franchised unit's results were 'not materially different' from other Free-Standing locations. Best guess profit range is estimated by subtracting average Food & Paper Costs ($1,382,823) and average Labor Costs ($1,162,914) from the average gross revenue of Free-Standing Reporting Locations ($4,492,779). An additional estimate for 'other operating expenses' (e.g., rent, utilities, marketing, general & administrative) was applied at a range of 16% (for high profit estimate) to 34% (for low profit estimate) of average gross revenue. This yields an estimated profit range from $419,497 to $1,228,197 before taxes and interest.