5 Year Performance Consolidated

Statement of Operations Data

(in thousands, except share data)
Fiscal Years 2008 2007 2006 2005 2004
SALES $1,348,015 $1,248,574 $1,072,405 $960,250 $845,231
Franchise Revenues                    
      Rents & Royalties   $601,870   $553,441   $503,375   $449,791   $414,096
      Franchise Fees   $93,808   $93,835   $83,769   $71,986   $78,939
      Total Revenues   $2,043,693   $1,895,850   $1,659,549   $1,482,027   $1,338,266
Cost of Sales   $1,180,998   $1,099,248   $941,947   $834,165   $741,198
Operating Expenses   $216,605   $201,153   $182,332   $165,257   $150,029
Franchise fee costs   $87,486   $87,077   $76,658   $69,212   $73,422
General and administrative costs   $130,846   $119,416   $113,530   $108,962   $85,744
Equity (income)   $(37,282)   $(38,460)   $(35,236)   $(31,758)   $(32,548)
Goodwill and Asset Impairment   $21,266   -   -   $53,101   -
Other expense (income), net   $208   $2,307   $1,102   $(6,959)   $1, 116
Total Costs and Expenses, net   $1,600,127   $1,470,741   $1,280,333   $1,191,980   $1,018,961
Operating Income   $443,566   $425,109   $379,216   $290,047   $319,305
Interest (expense)   $(24,558)   $(24,118)   $(22,253)   $(4,046)   $(6,911)
Interest income   $4,926   $7,411   $11,671   $3,985   $2,802
Affiliated interest (expense), net   -   -   $(7,876)   $(14,456)   $(9,410)
Income Before Income Taxes   $423,934   $408,402   $360,758   $275,530   $305,786
Income Taxes   $139,256   $138,851   $101,162   $84,439   $100,735
Net Income   $284,678   $269,551   $259,596   $191,091   $205,051
Diluted Earnings per Share   $1.55   $1.43   $1.40   $1.19   $1.28
Weighted average number of shares   183,492   188,759   185,401   159,953   159,593