3-Year Sales Growth

Source: GE Capital Solutions, Franchise Finance and QSR

QSR 50 Segment Sales: $1,100.0 MM

Percent Change: 23.7%

[+] Panda broke $1 billion and is nowhere close to penetration into the majority of major markets outside the West Coast.

[-] Competition or the lack thereof. Pei Wei grew 34 percent in sales and units but still only has less than a quarter of Panda’s sales.

2007 Systemwide Sales