Average Unit Volume definition
Average Unit Volume or “AUV” means the average annual restaurant sales for all restaurants open for a full 12 months before the end of the period measured. AUV is calculated by dividing annual revenue for the year presented for all such restaurants by the total number of restaurants in that base. This measurement allows management to assess changes in consumer spending patterns at our restaurants and the overall performance of our restaurant base.
Average Unit Volume or “AUV,” means aggregate annual studio-level revenue generated by open studios divided by the average number of open studios during a specific period. Due to the relatively young age of F45’s studio base, F45 believes it is appropriate to assess AUV on a cohort-level basis. F45 defines a cohort as a group of studios that opened during the same year and have been opened for at least 12 months. F45 believes AUV to be a useful measure because it allows it to assess changes in studio traffic and general levels of demand across F45’s global network of studios.
Average Unit Volume or “AUV” means average studio-level revenue generated by a group of studios during a particular period of time. Due to the relatively young age of our studio base, we believe it is appropriate to assess AUV for studios that have been open for the full period for which AUV is calculated. We define a cohort as a group of studios that opened during the same full year and are also open and operational during the twelve months ended December 31, 2021.