On what day of the week does the fiscal year end for Auntie Annes?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
The Company operates on a fifty-two or fifty-three week fiscal year that ends on the last Sunday of the calendar year. The consolidated financial statements include fifty-three weeks for the fiscal year ended December 31, 2023 and fifty-two weeks for the fiscal years ended December 25, 2022, and December 26, 2021, respectively.
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes's 2024 Franchise Disclosure Document, the company operates on a fiscal year that consists of either 52 or 53 weeks. The fiscal year always concludes on the last Sunday of the calendar year.
For a prospective franchisee, this means that Auntie Annes's financial reporting and performance are measured up to the last Sunday in December. This date is important for understanding financial statements and comparing year-over-year performance.
For example, the consolidated financial statements include 53 weeks for the fiscal year ended December 31, 2023, and 52 weeks for the fiscal years ended December 25, 2022, and December 26, 2021.