What was the net income and comprehensive income for 1-800-GOT-JUNK? for the period ended May 31, 2025?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Net income and comprehensive income $ 288,999 $ 266,526
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to 1-800-GOT-JUNK?'s 2025 Franchise Disclosure Document, the net income and comprehensive income for the period ended May 31, 2025, was $288,999, compared to $266,526 for the same period in 2024. This unaudited financial data reflects the company's performance during the first five months of the fiscal year.
This information is crucial for prospective franchisees as it provides a snapshot of 1-800-GOT-JUNK?'s profitability. Positive net income suggests that the company is managing its revenues and expenses effectively. Comprehensive income includes not only net income but also other items such as unrealized gains and losses, providing a broader view of the company's financial health.
It's important to note that these figures are unaudited and represent performance for a specific period. While the increase from 2024 to 2025 is a positive sign, prospective franchisees should review the complete audited financial statements for a more comprehensive understanding of 1-800-GOT-JUNK?'s financial performance over multiple years. Additionally, they should consider factors such as seasonal variations and market conditions that may influence future performance.