2018 Guidance


Global Systemwide Same-Store Sales Growth 2-3%
Global Net-New Unit Growth 3-4%
Global System Sales Growth 5-6% Ex F/X
Capital Expenditures $200-$250MM
Underlying Base Operating Profit Growth High-Single Digits
Timing Impact of Refranchising & Associated G&A Savings (6) ppts to (7) ppts
Revenue Recognition Accounting Standard (2) ppts to (3) ppts
Core Operating Profit Growth* Approximately Flat

*Excludes F/X and Special Items