Quarterly Financials Review
2023 COMPANY-OPERATED SHOP MARGIN
(in millions, except shop count and percentages)
Net company-operated shop AUV 1
Company-operated shop gross profit
Company-Operated Shop Opening Periods
Trailing Twelve Months Ended June 30, 2023
Company-Operated Shop Opening Periods
For the Three Months Ended June 30, 2023
Total Company-
Operated Shops
2018 and Prior²
2019 and After³
Total Company-
Operated Shops
2018 and Prior²
2019 and After³
$1.88
$1.69
$2.03
N/A
N/A
N/A
20.8%
22.7%
25.1%
23.6%
25.9%
27.3%
Company-operated shop depreciation & amortization
6.5%
3.1%
5.6%
6.7%
2.8%
5.3%
Company-operated shop contribution
Company-operated shops
27.3%
25.7%
30.7%
30.3%
28.7%
32.5%
473
104
172
473
104
1
AUVS are determined based on the net sales for any trailing twelve-month period for company-operated shops that have been open a minimum of 15 months. AUVS are calculated by dividing the net sales by the total number
of systemwide and company-operated shops, respectively.
2 Includes all company-operated shops opened through December 31, 2018.
3 Includes all company-operated shops opened after December 31,2018 through December 31, 2021.
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