We analyzed its store count growth by company-operated and franchised stores and determined the shift from company-operated stores to benefit its gross margins at a forecast of 60.8% by 2026.
We expect its franchising business to face tough competition with lower margins than competitors and high initial fees and projected its growth at 4.4% through 2026.
Lastly, we analyzed its market share which declined but we expect it to retain its position as the market leader with a market share forecast of 34.3% in 2026.
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