The 2026 Panda Express FDD holds the Item 7 estimated initial investment range at $514,500–$3,275,500, and the system grows from 2,502 to 2,607 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Low end of range | $514,500 | $514,500 | unchanged |
| High end of range | $3,275,500 | $3,275,500 | unchanged |
| Full range | $514,500–$3,275,500 | $514,500–$3,275,500 |
The Item 7 range matches across both filings at $514,500–$3,275,500.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 2,502 | 2,607 | +105 (+4.2%) |
Panda Express reports 2,607 outlets in the 2026 FDD, versus 2,502 in the 2025 filing (+105 (+4.2%)).
Panda Express included an Item 19 financial performance representation in both the 2025 and 2026 filings.