When 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 23 — RECEIPT (FDD pages 58–231)
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 notes specific dates for the ends of recent fiscal years: December 29, 2024, December 31, 2023, and December 25, 2022.
This information is relevant for prospective franchisees as it provides insight into the financial reporting periods of the company. Understanding the fiscal year-end can be important for comparing financial performance across different periods and for aligning business planning with the franchisor's reporting schedule. Franchisees may want to inquire about the company's financial performance and how it aligns with these fiscal year-end dates.
The FDD also mentions that the fiscal years consisted of 52 or 53 weeks. This variation is due to the company using a 52-53 week fiscal year, which is a common accounting practice that allows the fiscal year to end on the same day of the week each year. This can help with consistent comparisons of financial data from year to year.