TOP 100 2016 Chain Index

LATEST YEAR RANKINGS SYSTEM- % GROWTH, % GROWTH, % GROWTH, SALES WIDE SYSTEM NO. OF NO. OF NO. OF PER COMPANY HEADQUARTERS PARENT COMPANY SEGMENT SALES SALES UNITS UNITS FRAN. UNITS UNIT 7-Eleven Dallas Seven & i Holdings Co. Ltd. C-Store 30 58 5 65 28 97 Applebee's Neighborhood Glendale, Calif. DineEquity Inc. Casual Dining 11 67 26 64 43 29 Grill & Bar Arby's Atlanta Roark Capital Group LSR/Sandwich 21 34 17 79 76 70 Auntie Anne's Lancaster, Pa. Roark Capital Group Beverage-Snack 87 38 35 27 32 95 Baskin-Robbins Glendale, Calif. Dunkin' Brands Group Inc. Beverage-Snack 81 44 18 60 53 99 BJ’s Restaurant Huntington Beach, Calif. BJ's Restaurants Inc. Casual Dining 51 33 95 13 — 5 & Brewhouse Bob Evans Restaurants New Albany, Ohio Bob Evans Farms Inc. Family Dining 50 93 64 99 — 44 Bojangles' Famous Charlotte, N.C. Advent International Corp. Chicken 47 20 55 18 40 42 Chicken 'n Biscuits Bonefish Grill Tampa, Fla. Bloomin' Brands Inc. Casual Dining 78 81 89 33 58 20 Boston Market Golden, Colo. Sun Capital Partners Inc. Chicken 79 73 74 63 2 57 Buffalo Wild Wings Minneapolis Buffalo Wild Wings Inc. Casual Dining 18 25 38 14 77 18 Grill & Bar Burger King Miami Restaurant Brands International Inc. LSR/Burger 4 54 7 71 57 62 California Pizza Kitchen Los Angeles Golden Gate Capital Casual Dining 73 78 91 72 58 19 Captain D's Seafood Kitchen Nashville, Tenn. Centre Partners Management LLC LSR/Seafood 84 50 66 77 58 72 Carl's Jr. Carpinteria, Calif. Roark Capital Group LSR/Burger 41 88 37 62 7 60 Carrabba's Italian Grill Tampa, Fla. Bloomin' Brands Inc. Casual Dining 65 80 88 52 1 21 Casey's General Store Ankeny, Iowa Casey's General Stores Inc. C-Store 55 15 24 43 — 94 Checkers Tampa, Fla. Sentinel Capital Partners LSR/Burger 93 76 63 26 19 76 Cheddar's Irving, Texas Cheddar’s Restaurant Holding Corp. Casual Dining 67 45 96 40 25 9 The Cheesecake Factory Calabasas Hills, Calif. The Cheesecake Factory Inc. Casual Dining 36 47 93 22 — 2 Chick-fil-A Atlanta Chick-fil-A Inc. Chicken 8 5 23 25 31 14 Chili's Grill & Bar Dallas Brinker International Inc. Casual Dining 17 90 34 68 82 23 Chipotle Mexican Grill Denver Chipotle Mexican Grill Inc. LSR/Mexican 13 29 21 7 — 35 Chuck E. Cheese's Irving, Texas Apollo Global Management LLC Pizza 54 74 62 84 80 48 Church's Chicken Atlanta Friedman Fleischer & Lowe LLC Chicken 57 96 39 95 74 85 CiCi's Coppell, Texas CiCi Enterprises L.P. Pizza 96 91 75 89 79 74 Circle K Tempe, Ariz. Alimentation Couche-Tard Inc. C-Store 61 47 14 41 22 100 Costco Issaquah, Wash. Costco Wholesale Corp. In-Store 64 26 72 47 — 49 Cracker Barrel Lebanon, Tenn. Cracker Barrel Old Country Store Inc. Family Dining 24 53 57 61 — 10 Old Country Store Culver's Prairie du Sac, Wis. Culver Franchising System Inc. LSR/Burger 46 11 59 20 26 38 Dairy Queen Edina, Minn. Berkshire Hathaway Inc. LSR/Burger 20 27 11 70 56 83 Dave & Buster's Dallas Oak Hill Capital Partners Casual Dining 56 8 98 10 — 1 Del Taco Lake Forest, Calif. Del Taco Restaurants Inc. LSR/Mexican 69 46 61 82 45 61 Denny's Spartanburg, S.C. Denny's Corp. Family Dining 27 57 32 67 58 46 Domino's Ann Arbor, Mich. Domino's Pizza Inc. Pizza 10 7 10 46 41 77 Dunkin' Donuts Canton, Mass. Dunkin' Brands Group Inc. Beverage-Snack 7 51 4 35 33 78 Einstein Bros. Bagels Lakewood, Colo. JAB Holding Co. Bakery-Cafe 94 85 48 93 44 88 El Pollo Loco Costa Mesa, Calif. El Pollo Loco Holdings Inc. Chicken 62 61 77 34 45 43 Famous Dave's Minnetonka, Minn. Famous Dave's of America Inc. Casual Dining 95 95 94 98 78 24 Firehouse Subs Jacksonville, Fla. Firehouse of America LLC LSR/Sandwich 76 6 41 6 15 86 Five Guys Burgers and Fries Lorton, Va. Five Guys Holdings Inc. LSR/Burger 44 30 36 31 36 68 Golden Corral Raleigh, N.C. Investors Management Corp. Family Dining/ 37 89 69 96 66 12 Buffet Hardee's Carpinteria, Calif. Roark Capital Group LSR/Burger 32 63 28 50 8 64 Hooters Atlanta H.I.G. Capital LLC (HOA Holdings LLC) Casual Dining 58 92 82 56 72 34 IHOP Glendale, Calif. DineEquity Inc. Family Dining 23 41 31 53 47 40 In-N-Out Burger Irvine, Calif. In-N-Out Burger Inc. LSR/Burger 59 39 83 39 — 25 Jack in the Box San Diego Jack in the Box Inc. LSR/Burger 22 49 20 75 48 52 Jamba Juice Emeryville, Calif. Jamba Inc. Beverage-Snack 85 69 44 54 4 92 Jason's Deli Beaumont, Texas Deli Management Inc. LSR/Sandwich 75 60 85 43 48 30

NOTE: THE 18 CHAINS NOT RANKED BY GROWTH IN FRANCHISE UNITS DO NOT FRANCHISE. SOURCE: NRN RESEARCH TOP 100 Chain Index

LATEST YEAR RANKINGS SYSTEM- % GROWTH, % GROWTH, % GROWTH, SALES WIDE SYSTEM NO. OF NO. OF NO. OF PER COMPANY HEADQUARTERS PARENT COMPANY CONCEPT SALES SALES UNITS UNITS FRAN. UNITS UNIT Jimmy John's Champaign, Ill. LHG Inc. (Jimmy John's LLC) LSR/Sandwich 35 16 19 5 13 79 Gourmet Sandwiches KFC Louisville, Ky. Yum! Brands Inc. Chicken 15 82 12 94 75 73 Krispy Kreme Doughnuts Winston-Salem, N.C. Krispy Kreme Doughnuts Inc. Beverage-Snack 68 43 84 16 23 33 Krystal Dunwoody, Ga. Argonne Capital Group LLC LSR/Burger 98 70 81 72 68 65 Little Caesars Pizza Detroit Little Caesar Enterprises Inc. Pizza 19 62 13 49 39 81 Logan's Roadhouse Nashville, Tenn. Kelso & Co. Casual Dining 70 99 86 92 58 26 Long John Silver's Louisville, Ky. LJS Partners LLC LSR/Seafood 91 100 49 100 81 90 LongHorn Steakhouse Atlanta Darden Restaurants Inc. Casual Dining 40 68 69 59 — 17 Maggiano's Little Italy Dallas Brinker International Inc. Casual Dining 100 66 100 37 — 3 Marco's Pizza Toledo, Ohio Marco's Franchising LLC Pizza 99 2 54 4 12 89 McAlister's Deli Alpharetta, Ga. Roark Capital Group LSR/Sandwich 83 35 80 15 21 51 McDonald's Oak Brook, Ill. McDonald's Corp. LSR/Burger 1 84 2 83 54 31 Moe's Southwest Grill Atlanta Roark Capital Group LSR/Mexican 76 18 57 12 17 71 Noodles & Company Broomfield, Colo. Noodles & Company LSR/Noodle 88 21 68 9 6 67 O'Charley's Nashville, Tenn. Fidelity National Financial Inc. Casual Dining 86 86 91 87 58 32 Olive Garden Orlando, Fla. Darden Restaurants Inc. Casual Dining 16 83 43 72 — 8 Outback Steakhouse Tampa, Fla. Bloomin' Brands Inc. Casual Dining 28 72 47 69 58 16 P.F. Chang's China Bistro Scottsdale, Ariz. Centerbridge Partners L.P. Casual Dining 52 64 89 57 3 11 Panda Express Rosemead, Calif. Panda Restaurant Group Inc. LSR/Chinese 29 13 29 30 14 54 Panera Bread Richmond Heights, Mo. Panera Bread Co. Bakery-Cafe 12 37 27 21 16 28 Papa John's Pizza Louisville, Ky. Papa John's International Inc. Pizza 25 56 16 55 52 80 Papa Murphy's Vancouver, Wash. Papa Murphy's Holdings Inc. Pizza 53 59 33 32 42 93 Take 'N' Bake Pizza Perkins Restaurant & Bakery Memphis, Tenn. Wayzata Investment Partners LLC Family Dining 74 77 79 88 73 47 Pizza Hut Dallas Yum! Brands Inc. Pizza 9 75 6 90 71 84 Popeyes Louisiana Kitchen Atlanta Popeyes Louisiana Kitchen Inc. Chicken 26 23 22 23 30 56 Qdoba Mexican Eats Wheat Ridge, Colo Jack in the Box Inc. LSR/Mexican 63 17 56 38 37 66 Raising Cane’s Baton Rouge, La. Raising Cane's Restaurants LLC Chicken 92 4 87 2 10 37 Chicken Fingers Red Lobster Orlando, Fla. Golden Gate Capital Casual Dining 31 87 53 76 — 13 Red Robin Gourmet Greenwood Village, Red Robin Gourmet Burgers Inc. Casual Dining 42 71 65 29 58 22 Burgers & Brews Colo. Round Table Pizza Concord,Calif. Round Table Franchise Corp. Pizza 97 52 76 78 70 75 Ruby Tuesday Maryville, Tenn. Ruby Tuesday Inc. Casual Dining 48 94 52 91 27 45 Ruth's Chris Steak House Winter Park, Fla. Ruth’s Hospitality Group Inc. Casual Dining 80 42 97 36 29 6 Sheetz Altoona, Pa. Sheetz Inc. C-Store 72 19 67 24 — 58 Sonic America's Drive-In Oklahoma City Sonic Corp. LSR/Burger 14 36 15 66 55 63 Starbucks Coffee Seattle Starbucks Corp. Beverage-Snack 2 12 3 27 24 59 Steak 'n Shake Indianapolis Biglari Holdings Inc. LSR/Burger 49 31 60 48 20 41 Subway Milford, Conn. Doctor's Associates Inc. LSR/Sandwich 3 98 1 81 67 96 Taco Bell Irvine, Calif. Yum! Brands Inc. LSR/Mexican 6 40 8 42 34 53 Target Cafe (Target stores) Minneapolis Target Corp. In-Store 90 79 30 58 — 98 Texas Roadhouse Louisville, Ky. Texas Roadhouse Inc. Casual Dining 33 14 73 19 38 7 TGI Fridays Dallas Sentinel Capital Partners Casual Dining 38 97 71 97 5 15 Tim Hortons Oakville, Ontario Restaurant Brands International Inc. Bakery-Cafe 66 24 42 86 69 82 Waffle House Norcross, Ga. Waffle House Inc. Family Dining 45 32 25 43 50 91 Wawa Wawa, Pa. Wawa Inc. C-Store 39 9 51 17 — 36 Wendy's Dublin, Ohio The Wendy's Co. LSR/Burger 5 55 9 80 35 50 Whataburger San Antonio Whataburger Inc. LSR/Burger 34 22 45 51 51 27 White Castle Columbus, Ohio White Castle System Inc. LSR/Burger 82 65 78 85 — 55 Wingstop Richardson, Texas Wingstop Inc. Chicken 60 3 46 3 11 69 Yard House Irvine, Calif. Darden Restaurants Inc. Casual Dining 89 28 99 8 — 4 Zaxby's Athens, Ga. Zaxby's Franchising Inc. Chicken 43 10 50 11 18 39

NOTE: THE 18 CHAINS NOT RANKED BY GROWTH IN FRANCHISE UNITS DO NOT FRANCHISE. SOURCE: NRN RESEARCH