NOTHING BUNDT CAKES

Data Based On: Data for average and median gross revenue is based on 545 franchised bakeries open for at least 2 full fiscal years during FYE 2025. Data for gross profit and EBITDA is based on 358 franchised bakeries open for at least 24 months as of FYE 2025.

* Average gross revenue and median gross revenue were taken directly from the 'Avg All Bakeries' and 'Median' columns in Part I, table 'Franchised Bakeries' Average Net Revenues and KPIs', which represents 545 franchised bakeries for FYE 2025. Revenue top quartile and revenue bottom quartile were taken from the 'Avg 2025 Net Revenues' of the 'Top 1/3' and 'Bottom 1/3' segments, respectively, from the same Part I table. Average gross profit, average EBITDA, and EBITDA margin percentage were taken directly from the 'Average' columns in Part III, table 'Net Revenues and Costs Analysis', which represents 358 franchised bakeries for FYE 2025. The EBITDA margin percentage was explicitly given as 21.3% of Net Sales. Best guess profit low and high are based on the lowest and highest 4-Wall EBITDA reported across the segments in Part III (Bottom 1/3 and Top 1/3 respectively), representing the range of profit before taxes, interest, depreciation, and amortization for the 358 bakeries.