As of what date is the auditor's report for Auntie Annes dated?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
GRANT THORNTON LLD
1100 Peachtree St. NE, Suite 1400 Atlanta, GA 30309
D +1 404 330 2000 F +1 404 475 0107
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
Member
GoTo Foods Systems LLC and Subsidiaries
Opinion
We have audited the consolidated financial statements of GoTo Foods Systems LLC (formerly known as FOCUS Brands Systems LLC) and Subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2023 and December 25, 2022, and the related consolidated statements of operations, changes in member's equity, and cash flows for the years ended December 31, 2023, December 25, 2022 and December 26, 2021, and the related notes to the financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and December 25, 2022, and the results of its operations and its cash flows for the years ended December 31, 2023, December 25, 2022 and December 26, 2021 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Anne's 2024 Franchise Disclosure Document, the auditor's report is in reference to the consolidated balance sheets as of December 31, 2023, and December 25, 2022. The report also mentions the consolidated statements of operations, changes in member's equity, and cash flows for the years ended December 31, 2023, December 25, 2022, and December 26, 2021.
The auditor, Grant Thornton LLP, states their opinion that the consolidated financial statements present fairly the financial position of GoTo Foods Systems LLC as of December 31, 2023, and December 25, 2022. This opinion extends to the results of operations and cash flows for the years ended December 31, 2023, December 25, 2022, and December 26, 2021, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should understand that these financial statements and the auditor's report provide an overview of the financial health of GoTo Foods Systems LLC, the parent company of Auntie Anne's. Reviewing these statements can help potential franchisees assess the financial stability of the franchisor and understand the basis for the auditor's opinion. It is important to note that the auditor's report provides reasonable assurance, but not a guarantee, that the financial statements are free from material misstatement.