factual

What is the fiscal year end for Annex Brands, according to the FDD?

Annex_Brands Franchise · 2025 FDD

Answer from 2025 FDD Document

Exhibit F includes our consolidated audited balance sheets as of September 30, 2024 and 2023; our consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023 and 2022; and notes to the consolidated financial statements.

Our fiscal year end is September 30.

Source: Item 21 — Financial Statements (FDD page 109)

What This Means (2025 FDD)

According to Annex Brands's 2025 Franchise Disclosure Document, the company's fiscal year ends on September 30. This detail is important for prospective franchisees as it dictates the period for which Annex Brands reports its financial performance. Understanding the fiscal year-end helps franchisees align their own financial planning and analysis with the franchisor's reporting schedule.

Knowing the fiscal year-end is crucial for interpreting the financial statements provided in the FDD, such as the balance sheets and income statements. These statements offer a snapshot of Annex Brands's financial health over the specified period, allowing potential franchisees to assess the company's profitability, stability, and overall financial performance. The financial statements included in Exhibit F of the FDD are consolidated audited balance sheets as of September 30, 2024 and 2023, and consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023 and 2022.

For a prospective franchisee, this means that the financial data presented in the FDD is compiled up to September 30 of each year. When reviewing the financial statements, it's essential to consider this timeframe to understand the context of the data. For instance, any significant events or changes occurring after September 30 would not be reflected in the financial statements for that year but would likely appear in subsequent reports.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.