2016 - ANOTHER STRONG YEAR

WING STOP FRANCHISEES LOVE OUR MODEL Franchisee Year 2 Domestic System Target (1) Average (4) Unit Economics AUV Investment Cost (2) $890k $1.1M $370k Unlevered Year 2 COC Return (3) 35%-40% 50% + Notes: (1) AUV based on year 2 sales volumes for the 2014 vintage years (2) Investment cost based on last 2 fiscal years actual costs; excludes pre-opening and working capital (3) Average store economics are internal Company estimates based on unaudited results reported by franchise owners (4) As of April 1, 2017 12

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