On what date does the fiscal year end for Bananas Smoothies Frozen Yogurt?
Bananas_Smoothies_Frozen_Yogurt Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company's fiscal year ends on the last Sunday in December. The periods ended December 29, 2024, December 31, 2023 and December 25, 2022. The current year consisted of 52 weeks and each prior year consisted of 53 and 52 weeks, respectively.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 FDD, the fiscal year for Everything Yogurt Brands, LLC, which franchises Bananas Smoothies Frozen Yogurt, ends on the last Sunday in December. The FDD provides the end dates for the previous three fiscal years. These dates were December 29, 2024, December 31, 2023, and December 25, 2022.
For a prospective Bananas Smoothies Frozen Yogurt franchisee, understanding the fiscal year-end is important for financial planning and reporting. The franchisee's accounting period will need to align with the franchisor's for accurate comparisons and compliance. This information is crucial when reviewing the financial statements provided in the FDD, as these statements reflect performance up to the fiscal year-end.
It's worth noting that the fiscal year-end is not a fixed date but rather the last Sunday in December, which can vary from year to year. The FDD also mentions that the fiscal year consisted of 52 weeks in the current year and 53 and 52 weeks in each prior year, respectively, which indicates that Bananas Smoothies Frozen Yogurt may use a 52-53 week accounting calendar. This is a fairly common accounting practice that allows the company to end its fiscal year on the same day of the week each year.