What fiscal year end does Annex Brands use for its consolidated financial statements?
Annex_Brands Franchise · 2025 FDDAnswer 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' 2025 Franchise Disclosure Document, the company's fiscal year ends on September 30. This means that Annex Brands compiles its financial statements and closes its books for the year on this date.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for comparing financial performance year-over-year. The franchisee can also align their own accounting practices and reporting with Annex Brands' fiscal calendar for consistency.
Knowing the fiscal year-end helps a franchisee understand the timelines for financial reporting, potential changes in fees or policies, and when to expect annual financial updates from Annex Brands. This information is crucial for planning and managing their own business finances effectively.