Panda Express
Source filing: WI · filed 2026-04-20
Item 5 — Initial franchise fee
Not disclosed
Item 6 — Recurring fees (royalty & advertising)
| Royalty | Each Royalty Period you pay us 8% or as otherwise established, unless it is less than the minimum Royalty amount, which is currently $4,0002. If the percentage royalty amount is less, then you must pay the minimum Royalty amount for that Restaurant for that Royalty Period, unless otherwise negotiated between you and us. [p.22 · WI · 2026-04-20] |
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Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.
Item 7 — Estimated initial investment (total)
Not disclosed – Not disclosed
Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.
Item 20 — Outlets
| Franchised outlets at start of year | 173 [p.86 · WI · 2026-04-20] |
|---|---|
| Franchised outlets at end of year | 184 [p.86 · WI · 2026-04-20] |
| Net change in franchised outlets | 11 [p.86 · WI · 2026-04-20] |
| Transfers | 2 [p.87 · WI · 2026-04-20] |
| Terminations | 0 [p.90 · WI · 2026-04-20] |
| Non-renewals | 0 [p.90 · WI · 2026-04-20] |
| Ceased operations (other) | 0 [p.90 · WI · 2026-04-20] |
| Company-owned outlets at end of year | 2,423 [p.86 · WI · 2026-04-20] |
Item 19 — Financial performance representation
This filing does not include an Item 19 financial performance representation.
Extraction notes
- Item 7 totals were extracted with model assistance and verified against the cited page.